Steem has dropped below the $2 Mark ( Is It Time To Buy ? )
Steemit as a platform has lots of room to grow and prosper but I am not going to be delusional and not look at the other side of the coin also. Which is Steemit can also end up being just a niche platform. Changes need to be made to take that leap to convince the average social media users that Steemit is the place to be. Faster sign ups / better search functions to name a few and perhaps one day we will get those features. After-all we are still in the Beta phase of the platform.
Currently Steem has dropped below the $2 mark. This is the lowest price I have noticed since I joined 4 - 5 months ago. With my small amount of experience in the crypto world when such a wall is broke it usually means a panic dump and a price drop. Even if Steemit doesn't become a leader in social media platforms its current price is still a bargain, is it not ? Which leads me to the question in my title ....
Will Steem continue to drop in price or are we currently at the best point of entry to buy Steem ? Give your opinions on the matter and the future of Steemit in the comment section.
I think it's almost time. I'm guessing the bottom will be around $1.50. Perhaps it could go down to like $1.25 though.
I am going to hold out for a little while yet. I predict if we see $1.25 its likely we see $1. If the $1 wall breaks the Price of Steem will bottom out and then hopefully surge again.
Imposible to catch exactly the lows in any investing title. You can buy some here, but reserve more money for later. If price falls, you 'll be glad not to have invested it all at once. If price surges, you can be happy because you have bought some. (But don't pu all your money in one only thing. Make an equilibrated portfolio between more assets. Not only cryptos.)
I think it might go a bit lower still.
I think it might also.
Any prediction on how low ?
Not sure. I'm just looking at it the from a global crypto market valuation. I just don't see a quick influx of money. If we would go really low, that might trigger money coming in. Rigjht now, I doubt it. Also, look at the Steem Dollar. We are still not at 1 USD valuation. Steem Dollar is overpriced.
Hi.....since I join the platform I have seen fluctuations constantly ... I have paid more attention to these last weeks ... the accounts increase exponentially and the decrease in the price of steem may allow allow the purchase to new users, but I believe that this decrease in its price will continue for a few days...projection for this week? I'm not an expert but I could get to less than $ 1 with ease...
If it drops to $1 or lower I am 100 % going to buy some.
Thanks for your comment !
Thanks to you!!
Yeah it's a great time to buy Steem. It's definitely worth more than most blockchains at this stage
The potential is there for this platform to explode that is certain.
I will be keeping a close eye on that price over the next few days.
Thanks for your comment !
Great post!
Thanks for tasting the eden!
Wow. Tough call. It is low but all crypto is off. I don't think we are at a bottom in the crypto market so I would say the same for Steem. I would say that people think crypto is special and different from other investments. I disagree somewhat. Some normal investing rules still apply. Like catching the bottom is really hard. Better to get in a cryptocurrency you believe in at a price you think is fair and be prepared to hold it through some volatility.
Good Point, I think the crypto market as a while still will drop before regaining " steem " also. The crypto market is very volatile.
Hi @rentmoney,
Only a little bit more than 2 months ago - on the first of April - STEEM was 1.42 USD. On the 18th of March 1.56 USD.
But in between also around 4.50.
So we see it can be everything in the future.
Thanks for the comment. I never knew it hit that low in my time here.
Thanks for the comment.
I never knew it hit that
Low in my time here.
- rentmoney
I'm a bot. I detect haiku.
I'm a poet and didn't know it :)
Will drop more, waiting for the right time, and getting BTC ready
Thanks for the comment. I am thinking it may drop more also. Do you have an entry price in mind ?
Well, we will see what will happen.
I guess as a lot of things coming out of nowhere, there is a bet on the future. The thing is that the exchange rate seems to follow BTC and others, like altcoins would be afixed to the BTC. Seems like the dev. could be way different if there was a formula to ensure a full independence towards BTC.
It will be hard for any crypto to detach itself from BTC. A social media token like Steem might be able to if it can become one of the leading social media platforms.
Definitely, however it is not impossible. The current cryptos will have a lot of difficulties obviously. Well one of the inconvenience is that one of the co-founders of Steemit left after a while, he had very excellent ideas to make steemit a solid project. I hope that the remaining guys will do the job in order to consolidate and improve steemit.com.