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RE: Ask Me Anything Contest / Best Questions Win SBI - Dragging You Up With Me Week #10
What do you think about the price of steem? Why it's not jumping?
What do you think about the price of steem? Why it's not jumping?
Well honestly the price of alt coins can only really follow BTC as this is the majority trading pair and the Steem fiat price is relevant to the fiat price of BTC on the selected exchange. Everything is kind of wonky this year with so much movement last year I see a lot less volume in BTC which would imply investors are trying to play smarter this year then last.
I figure the longer Steem goes sideways the better, also the slower it rises the better as a quick movement up is always followed by a quick movement down. I personally look at coin count and not coin value when thinking about rewards and value, the fiat value read out is misleading in my eyes as it fluctuates too drastically but the coin count stays relatively the same other then the SBD proportion.
Basically it’s not jumping because many people are still in salvage investment mode while the rest of us believers are in increase coin count mode, to me this is an opportunity to buy discounted coins from those whom are trying to take profit or simply just hold the price low as long as they. There is a lot that goes into trading including psychology which I am by far no expert in either TA or psychology.
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