If this is not oversold, I don't know what is

in steem •  14 days ago

We've reached the same USD price as in mid may in addition with the same Satoshi ratio as in November '17.

Now, we very well could go even lower, maybe to 9500 Satoshis (we're at 12k right now), but honestly: 2018 has been full of good news so far.

Regardless, I'm not a fortune teller, I don't know how the prices are going to develop, but I do know that it's just a matter of time until things turn around. And my feeling tells me that we're currently oversold.

It's the same hysteria as in January 2018, just in reverse.

With that said: Keep on accumulating your Steem, we're still on course for Mars.

All the best,
TRW

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I do so hope you are right @therealwolf, I am struggling to keep
faith.
I even considered investing some USD while the price was low, but
That process is so complex and confusing, I was daunted and didn't.
Post upvoted 100%, all 1¢ of it.

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  1. Download Square Cash onto your phone.
  2. Buy BTC with a debit card. (Instant, fees around 1.5%)
  3. Send BTC to your favorite exchange.
  4. Trade it for Steem.
  5. Withdraw.

While it would be nice if this was simpler it's not super hard, and the most time-consuming part is waiting for two Bitcoin confirmations on the exchange deposit. If you want to get a little more complicated you can cover your fees and more right now by changing to:

4. Trade it for SBD (I use Bittrex for this)
5. Withdraw.
6. Convert.
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I agree. I had to go from Euro to Dollar to BTC to Steem and every step I had to pay someone. By the time I got Steem I lost about 30%. Unless you want to risk keeping BTC in an exchange, you need a hardware wallet in combination with Bitcoin Core, this will set you back at least 150GB on your hard drive. Don't screw this up or you'll lose 100%, so start with an amount you can afford to lose if you ever do try this. I'm not an expert, but I did manage to purchase Steem with Euros on several occasions. I now use Bitonic (exchange), Armory wallet (free BTC wallet) (with bitcoin core running for synchronization), and Blocktrades. This whole process is too steep of a threshold for direct entry into Steem for most folks, me included. We need an exchange to buy Steem direct. Greetings!

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holy shit man you don't need to do all that for you have bitcoin less than $200.
And you just need a tezor which is like a $100 and you don't need to run bitcoin core for that. Do you like have 100 bitcoins or something? That the type of equipment you have for.
buy Steem direct would be a good idea but hardly exchange would lobby for that now. Even bitcoin is having trouble for that-you think steem would be added? One day it will come but now....
At max the only exchange working on bringing all crypto to fiat is Coss and that a massive failure...
At max our real hope is bittrex adds fiat to Steem one day. But who knows they gave up on much of there platform to work on invest.com

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Really? You think it's better to spend $100 on a Trezor hardware wallet just to transfer Fiat to Steem? Remember that Bitcoin Core and Armory are free, and you still have to pay for the exchange rates just the same. A hardware wallet like Trezor is worth it if you travel or keep multiple coins, but if all you are doing is buying Steem why not use 150GB, or so, of the hard drive you already have? You can always erase the wallet when you have converted and transferred BTC to your Steemit account. Either way; there is no way I'll ever spend $100 to buy $500 worth of Steem while paying exchange rates up the Wahzoo. Remember; I'm not interested in BTC, this is about Steem!

For exchange I use Bitonic because if I didn't, I'd have to get a separate Dollar account at my Bank; and the banksters want money! Bitonic sells BTC for Euros direct and keeps their own supply of BTC so they can usually deliver small orders the same day. I usually get my BTC within 2 hours.

Yes I think Steem should be added to an exchange for direct conversion/transfer since it would enable folks to participate as a small investor in addition to merely earning Steem in social media participation. It would allow the platform to grow much faster. Greetings!

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P.S. I also think that exchange should sell Steem in the form of SP to curb speculators bailing out at the first sign of trouble.

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no...
I just gave an easier scenario to do vs yours. Plus everyone should have a tezor when your use to buying crypto. You could just do what everyone else does and just withdraw from an exchange to Binance or use blocktrades...
IDK who told you to do all the stuff. Yes it hard but again as i said before-steem is a great crypto but it not that powerful in terms of brand name.

buy Steem direct would be a good idea but hardly exchange would lobby for that now. Even bitcoin is having trouble for that-you think steem would be added? One day it will come but now....

One day it will come but not know. What steem can do is just build and fiat exchanges will list it. If someone on steem wants to gamble and speed up the process Coss is a good bet. It the only exchange looking to add fiat support to all cryptos in it exchange.
I not trying to sounds bad for Steem but Fiat will come just not now...

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Unless you want to risk keeping BTC in an exchange, you need a hardware wallet in combination with Bitcoin Core

Wat? Seriously, no, light wallets like Electrum are fine for holding any non-life-changing amount of money in BTC. And if all you're doing is going from USD to Steem there's no reason to use your own wallet at all since you're going to hold the Bitcoin for about ten minutes.

Blocktrades is also really expensive compared to Binance or Bittrex.

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True, but with the rash of exchange hacks some lost their confidence and would rather use their own. It doesn't have to be based on rationale; would you trust the next Lawyer after the first one screwed you? Not likely. Besides, I never claimed it was the best way, only that I did it this way without spending any additional cash for a wallet or opening a second bank account for US Dollars. Another issue with commercially available wallets is OS support; available for windows but often totally absent for Linux. I would probably have bought one if they supported Linux at the time I was shopping around for one. All I found were for Windows , Apple and Android and not a mention of Linux amongst them, so I had to find my own way with Armory. There are also troubles with browsers. I had to switch to the Chrome browser to buy BTC as the exchange website would not work in Firefox. The exchange recommended I try Chrome and it worked.

Thanks for the heads up on Binance and Bittrex. Greetings!

Everyone give a damn on good steem news when bitcoin and ethereum get slammed.

Maybe we will see Steem back at 10 cents

Posted using Partiko iOS

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How did authors deal with blogging here in Steemit when steem is at 10 cents?

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Just kept blogging for the love of blogging... even 10 cents is better than Facebook ever paid

Posted using Partiko iOS

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That's some passion in there.

Maybe we will see Steem back at 10 cents

Posted using Partiko iOS

for mars? hah thats a new one, and encouraging to hear from a witness.

For me, the question is: why should Steem go up again?
The development of the platforms around Steem give me no reason at the moment.
Will HF20 and SMT change something? I'm almost sure, but what will be the result?
The main reason for Steem to change in value is more the speculating of some big accounts I think.

We'll see what the future brings.
Let's HODL and STEEM ON :)

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The whole alt-coin market is down, it's not just about Steem.

But Steem is a much better blockchain than most others in TOP 20 and even TOP 10.

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... and it's sad to see steem, a much better blockchain than most others in Top 20, in rank 38 among all crypto coins.

we're still on course for Mars

Wait..I was told this bus is going to Moon..

Lower prices ...

Posted using Partiko iOS

This oversold seems to applicable to every other coins on the CMC as well. Don't matter to me, I visit Steemit every day as a routine.

Steem price is very low,Its so sad news,Everyone worry about the price of steem,Hopefully price of steem going up soon as soon,

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I do hope too.

Like in all other markets, the 1 habit keeps 99% of people from ever becoming rich. Whales managing the crypto market expect that many people will leave crypto, giving their coins for pennies. That is when the crypto paradise will come. In the end of the day and that is the reality of all kind of business.

Having bought on the decline with the price srtill sliding, the only logical strategy for me is to buy more!

Posted using Partiko Android

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I am just looking at it as an opportunity to accumulate more by buy ng and earning. The price has impacted activity as well so I feel that those that continue to remain active and engage, can take advantage and earn more and accumulate more Steem Power which will help in the future!

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Yeah that's how I feel as well, price has de-motivated some to post.