STEEMIT PRICE up 8.64% ... Will It Continue?

in #steem • 10 years ago

in the last 24 hours alone the steem price has jumped over 8% -- will it continue to climb? I myself was expecting it to continue it's fall for a short time yet so I am surprised at the recent jump.

see http://coinmarketcap.com/ and http://coinmarketcap.com/currencies/steem/#charts

Is it time to buy steem now? or wait for it to go lower in the future? or both?

#steemit #beyondbitcoin #minnowsunite #money
10 years ago in #steem by
$0.15
  • Past Payouts $0.15
  • - Author $0.15
  • - Curators $0.00
26 votes
Reply 2
Sort:  
  • Trending
    • [-]
     10 years ago 

    This is a great piece and thanks for sharing. Happy to upvote and pleased to share this on Twitter✔ for my followers to read and see what's happening over here. Cheers. Stephen

    $0.00
      Reply
      [-]
       10 years ago 

      The answer is no. The price of Steem will not continue to rise. It will rise and people will get excited, and it will fall and people will claim the end is near. It's the same thing we see with Bitcoin. Buying on the dip, is a tough proposition, better to buy and hold. If the infrastructure is sound, the price will trend upwards.

      $0.00
        Reply

        Coin Marketplace

        STEEM 0.04
        TRX 0.32
        JST 0.075
        BTC 64568.68
        ETH 1677.08
        USDT 1.00
        SBD 0.42