Why I Powered Up to Steemit Hero Status
After a massive spike in price to over $4.60 USD, Steem seems to be finding a solid foundation to move higher. Dipping below $2 to sit around $1.80, I feel Steem has almost hit a bottom and is poised for another move up. The 38.2% Fibonacci retracement is $1.75 and should offer some good support. If this rise happens it will take some of the pundits by surprise. Well known Bitcoin advocate, Tone Vays, has recently been quoted calling out Steemit as a Ponzi Scheme.
I go over some of the reasons Steemit's market cap could be over $1 billion in the next few months In this Vlog.
Happy Investing. C#
will power up soon aswell because i also really belive in this platform..
just made a post about it :)
but dont think ill ever reach top 1 % ;/^^
Never say never. A following on here can pay large and get you up the ranks. Mine cost me Bitcoin mostly. But look at how one good viral post could get you there quickly
true .. might have to talk about the dollar vigelante aswell to get some good posts :;D
Lmao. Yes do some hilarious parody posts
Post good content, steemit is a clean slate and an opportunity for anyone with desire and something of interest to say! You could be the next whale!
So, you bought Steem Power directly from blocktrades? I'm a little confused with that site. It shows SP costing similar to Steem values (0.003#). Isn't the SP supposed to be large discount to Steem price?
It was a little bit more than current price about $1.90. With the interest rate of steem power I'm not concerned. Currently about 0.9% daily gain
Both the long-term and short-term future of the Steem coin is really up in the air right now. Steem definitely has huge potential to take off and go much higher than it is right now, but there is also a risk of more and more coins getting dumped/sold as creators are cashing out and whales are powering down. It is largely a question of whether some huge investors are going to come along and see the potential Steemit has to offer, and invest a large amount of money to buy up lots of coins and power-up to SP.
I think the whales have enough to keep the price up if they want. Which is in their best interests long term. Short term it's beneficial for them to prop up the price to give confidence to the network I believe. Thanks for commenting