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RE: STEEM Price Analysis – June 12, 2017
Thanks for sharing such a detailed technical analysis...I believe fundamental analysis is far better than technical analysis...for short term trading it might help but if an investor has a long term view than fundamental analysis is the correct way of investing...what do you think?
What would be the fundamentals of Steem on which you would base your price targets and entry/exit points for the STEEM token?
social media blockchain technology which not only helps in socializing and making connections but at the same time shares revenue with its users, I think as a long term investor I wouldn't look at near term entry/exit points...that's just my opinion...I might be wrong.
There is no revenue model for this blockchain, so revenues are not shared. It's the token creation and the speculative investment that gives us the monetary value of STEEM. You can be a long-term "investor," but there are essentially no traditional fundamentals for valuation of Steem or the STEEM token.
Near-term entry and exit points would be for traders.
If you're looking to invest long-term and believe that STEEM is undervalued, then now would be a good time to buy. If you believe it's overvalued, then now would not be a good time to buy. Either way, any kind of technical analysis will likely play a role in your decision-making on when to get in or get out. Usually, I would say that both fundamental and technical analysis plays a role in any investment, but as stated above, there are essentially no fundamentals here...no revenue model.
point taken...that's why I like to get in to constructive discussions, every time I end up learning more about the system...looking forward to more interesting analysis from your side...thanks for sparing your time :)