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RE: Smart Steemit Investors Are Buying More Steem/Steem Power Below $1

in #steemit7 years ago

Good video. Now the market is going to a consolidation process, since the prices went to high too fast. So the market has to assimilate it. This could take weeks or more. On the other hand there is the BTC event at the end of this month, that brings more volatility and uncertainty to the market.

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Thanks, @nenio. I agree with you that the pull back was necessary owing to the fact that it went up too quickly. There seem to be quick recovery of the market, although I think another pull back is imminent as we prepare for August 1st when we will either have BTC hard fork or not.

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