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RE: Great day to convert Steem Backed Dollars to STEEM!
"maybe it has already begun"
can you explain , i thought till august 1 it will stay low
"maybe it has already begun"
can you explain , i thought till august 1 it will stay low
If people know it's going to rise August first, it could rise in advance of August 1st. Then also, it's dropped so far so fast, this makes it oversold. When things get oversold they often bounce. I'm not sure where the bottom is before it bounces, but I anticipate the bounce. Also, with STEEM I think there is perhaps less downside potential than with other coins.. Yes it could go down to 70 cents if the market keeps tanking before the bounce. However, on a bounce I expect to see it 1.20+ for STEEM. So what I am sharing here is a opportunistic trade rather than an investment, but even as an investment, STEEM below $1 is good long-term.
meep