Steemit to buy or not to buy?
From June 9 towards November we saw the steemit market cap drop to 50% of its value as bitcoin begin to soar it seemed like money was leaving steemit to enter bitcoin. Now since December steemit has made the correction and money has poured into it pushing its market cap higher. Is this the beginning of steemits climb to international fame or should we anticipate a steep correction?
These are the questions i find myself facing I want to buy in but i'd hate to enter at $6usd and have to drop down to $4 in a week because its still unstable. That said i'd also hate to see it recover and push to $12 and be stuck forever knowing i could have double my investment down the track. I so hope this post doesn't come back to haunt me in a month should i make the wrong decision.
SO MUCH FOMO RIGHT NOW!
What are you thoughts on the future price of steemit.
Might go down. Overtime though itd be nice to see steem rise.
In my opinion, this is not the right time to buy: bitcoin is coming up strong, possibly going for new highs and I think alts will suffer a bit. But if you believe in this project for the long term and think that will get adopted more and more, then you could buy in also now
Yeah that's what im feeling i wanna support steemit long term and see what it becomes in 5-10 years but i just wanna be happy with the price i got in at. So i don't spend my first 6-12 months on the service earning the money i lost getting in :D