STEEM Price at Extremely Attractive Low Price Should Bring in New Investors
The Price of STEEM has been dropping steadily, now is the time to buy low and hold on for the long haul.
The old adage always proves true, buy low and sell high. It is one of the most basic concepts of financial investment and by looking at the STEEM dollars value vs Bitcoin I can clearly see now is a time to invest. I personally, am not an investor however if I had funds to invest I would do so now. The rough low of .00029829 BTC will likely never be seen again as there is far more users and the currency is far more established now than it was in July. The rough high of .00661268 BTC is also astronomically high and highly unlikely to be seen again. I think the halfway point between the two of .00345548 BTC is probably on the high side. I think the future of the currency will hover around an average of .0015 BTC which is almost double the current value of .00082785 BTC, which is clearly undervalued based on this chart. If I had any extra cash under the mattress it would be invested now into STEEM, to buy low and make money on the coming rebound in price.
The Whales are Dumping STEEM's Price on Minnows to Bring in More Investors?
Though it is hard to swallow this drop in price is good for all of us. If the Whales and Founders are intentionally dumping the STEEM price to attract new investors during this Beta phase. Especially as the amount of users on the front end platform Steemit is rapidly increasing. Every day another person I recognize from YouTube or from other walks of life is joining this platform. So from just my experience on here it is growing. Also with the Fall arriving and people spending more time in front of a PC with the colder weather, this timing may not be accidental. So the message is two fold, whether this low is artificial or not, now is the time to buy. Also the platform is set up perfectly right now with a massive influx of users, and what seems to be a massively undervalued price on STEEM dollars, if you are an investor. I would hold off on those Apple Stock buys and take a look at this new Steemit platform and this undervalued STEEM crypto-currency. We all know the future of the world is digital currency, so why not jump on board while the price is so low and the platform is growing so rapidly?
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it's not that simple, there's also a lot more steem in circulation than there was months ago (steem is inflationary, 200% for the first year and 100% following years). we getting close to buying time but there's still some way to fall.
Fair enough. Didn't realize that.
I Agree with your point. At steem's inflation rate, it is hard to keep a bullish view on price.
Upvoted. If you are this optimistic, then why not?
Thanks!
Very early days for STEEMIT and the Technical Funds are playing out with the Commercial Funds on naked shorts. It'll soon stop. Pleased to upvote. I recently posted a couple of articles about STEEMIT, Dan & Ned and the future of BLOCKCHAIN and CryptoCurrencies. You may find them interesting to read. STEEMIT hasn't even scratched the surface. Happy to follow and read more of your posts. You can also catch us on Twitter Twitter✔. Cheers. stephen
Just followed you on twitter, I'm @ImperatorTruth thanks for the comment. Cheers!
Nice red sweat top..!! Thanks for comment and follow. Cheers. Stephen
Unless you're talking short term (next year or so), your scenario is a bigger fantasy than the two provided alternatives. Steem has to grow or die, just like Bitcoin, or it has no future. Steem Power isn't very valuable in a small network (at least, not enough to support our current levels of payouts), except to speculate that the network will grow to where it becomes really valuable for the innate social benefits.
If it does reach scales similar to existing social media giants, or even just a fraction of their size, Steem will be much more than $5 again.
And if it fails, we should be looking at Dogecoin or BitShares for comparison.
Interesting, thanks for the comment, yes I should have clarified I was talking about roughly over a year. I think the price will average about .0015 BTC over the next year.
There is zero reason to buy now. The price is making new lows every day. The trend is clearly still down.