You are viewing a single comment's thread from:RE: Is it Time to Buy Steem Again?View the full contextpompe72 (63)in #steemit • 8 years ago The short answer is no (IMHO).
Do you mind elaborating what you mean by that? No, to what?
No to "Is it time to but steem again?". After the surge, I think it'll make a long rounding bottom, should go down another 50% from here (IMHO).
Gotcha. There's a definite possibility that what you say is going to happen.
Is it the "most likely possibility"? I don't even know how one would approach answering that, especially with such limited trading history on Steem.
As I alluded to in my post, even at 33% chance of turning at the current price range, I like my trade.
There cranking out too many Steem for the market to absorb. The are thousands of posts a day, but only a few make any money. This is discouraging the minnows, steem needs to distribute better the power if it wants to increase it's base.