STEEM is back on track!
Since the last few days, there has been a lot of FUD relating to cryptocurrencies, with countries like China, South Korea, Russia, France, Germany and even USA planning to either ban cryptocurrency trade or putting stringent regulations. Due to this FUD, a few days ago, the price of STEEM fell to as low as less than $3, and the price of Bitcoin to well below $10,000.
However, things are looking much better now, with Bitcoin almost trading at $13,000 and STEEM at $5.38. Following is the chart of STEEM for the last 7 days.
Another good news is that SBD is now also trading at $6.94. In the last few days, it was actually trading at a lesser price than STEEM. With SBD's price now being significantly higher than that of STEEM, its perhaps a good idea now to convert some of your SBD rewards to STEEM power. Below is shown the chart of SBD for the last 7 days.
So, what do you think? Are cryptocurrencies here to stay despite all these cruel governments trying to put a ban on their trading or heavily regulating them, or will they all crumble under these governments' pressure? Secondly, why do you think the prices are rising again despite all this FUD? I would love to read your opinions.
It is positive news of The day. Thanks for sharing.
Wow good news we are looking forward seeing steem and BTC up at the end of 2018
Yes bro. Things are looking good at the moment. Let's hope they stay good :)
i think the prices continue t rise after each drop in value is because crypto users remain confident that crypto is the way forward
China banned it on september . Now china is banning peer to peer trading which is only in million volume . exchanges had billions volume and got banned on september . This are Fuds so they can buy cheap and control crypto .
I do not think that governments can stop the cryptos, for every existing regulation, there is a new currency that evades it. The most they can do is manipulate with fear the most novice holders, just look at the fall of a few days ago, with notices about regulations, prohibitions, etc. and look at them now all the cryptos blooming like daisies
The truth has me intrigued, there is even a great demand for steems all product of a single purchase a few hours ago I published the graphic and a screenshot of the purchase request of more than 270 thousand dollars in internal market
I had written a post asking if its good to buy steem when SBD is costlier than steem. Your post answers my question. Powering up my account soon.
The truth what you say that invest your sdb in STEEM power sounds a good plan as an investment and cryptocurrencies are mainstreet so here to stay.
I think the fud news are partially at fault for the drop in price but, but after the drop we see now the prices are increasing what lets me to believe that it has nothing to do with the drop, because the "news" are still there, and nothing has change, then why the price is increasing now?
steem my favourit coin it has big future
yes SBD is going high and high.