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RE: Vlog 421: The value of Resource Credits on Steem in the future.
I still think we are going lower... The bottom is at 15 cents for STEEM as i see it. I will start buying sub 20 cents.
I still think we are going lower... The bottom is at 15 cents for STEEM as i see it. I will start buying sub 20 cents.
Why 15 cents? May I ask what's your reasoning behind it? I'm curious.
First assumption is that the bull market has not started (may be wrong). But I assume that BTC is going back between 4k and 2k.
Alts however, will suffer a deeper correction than the previous bottom, because BTC dominance goes up at the end of the bear market.
Since STEEM reached 20 cents when BTC was at 3k, a lower price would mean somewhere around 15 cents.
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That said, I believe that starting to buy now is the right move. I am not because I don’t have enough money on the side. As I have smaller amounts, I try to aim for the absolute bottom to get more STEEM.
I know it’s risky...
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I will love if we go to 15 cents. That would give many an opportunity to stack up on STEEM.