Price of Steem going up volume still quiet
Well we had a nice jump in value since yesterday about 9% up vs the $.
When I made this post yesterday about this very same subject I was not expecting this to happen.
https://steemit.com/cryptocurrency/@mallorcaman/low-volume-in-steemit-trading
Currently 1.07$ and volume still decreasing there has been about 8% less volume on the markets in the last 24 hours.
Meaning that if traders wish to encounter any real liquidity we will need to see a large movement either up or down.
What to you expect will happen with the price of steem and trading volume in coming days?
Lately I have noticed that most altcoins seem to be going up in a sincronized way when there is a rise in the value of bitcoin, seems fishy to say the least but then again maybe Im wrong and its just a healthy long need rise in value of cryptocurrencies.
If you wish to share this post click below for twitter link or just Resteem and throw this dog a bone :)
https://twitter.com/mallorcaman/status/870561690026475520
A $200m valualtion is anyway a joke for a beta product.
Its like giving them away for free basically :)
yeah but on other side how should be the tech and a 200k people community be worth $200m.... then fb would be worth x100000 - and their valuation is anyway a joke with $420bn - lol
Well, for a start, Steemit.com is the world's first blockchain based social media network that rewards users to create content. Furthermore, it's just the first front-end for the publicly available Steem blockchain, which is capable of scaling to many projects, all leveraging the powerful economic engine of stake based distribution of rewards to those who develop on, and utilize the platform. It runs 3 second block times and is capable of thousands upon thousands of transactions per second. From a socio-economic perspective the difference between Facebook and Steem couldn't be more stark... From a valuation perspective, I think it's the difference between Urban Outfitters and SpaceX. Time will tell.
Of course I will give you right here in all points.... but what it is now & investments must be simple compared to real world, it is way too expensive what it is (so actual valuation).
Current valuation...? Yeah well... All the rules are breaking. What did BAT just raise, how fast? Cryptillionaires looking for a good places to grow their wealth, and finding innovation. Ordinary folks, writing, earning, holding... betting on potential.
All the rules are breaking.... haha. Yeah history never repeated :)
Yeah neither number adds up, time will put everything in its right place :)
Appreciate the insight and the update. :)
Happy to be read :)
Disclaimer: I am just a bot trying to be helpful.
Will it go back down in a day?
Anything is possible but I cant really see this happening. We will have to watch closely to see what happens.
going up quietly suits me mate - i actually want to buy some but changjelly is down for quite a while i think they said
I use bittrex to buy and sell steem and sbd if necesary
i will have a look at bittrex thanks man
No problem, I have never had any issues using them over these last couple years. Good luck!
I've just started using Bittrex. It seems fairly easy for a non-techie like myself.
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