📉STEEM Investor Report 14 January 2018 (Bitcoin Falls Again, Broader Market Following)
Trading Recommendation:
SELL, STEEM is stable at the $5 level but if the SBD falls back to the $1 peg, I expect to see STEEM to return to the $3 level
Investment Recommendation:
HOLD, expecting to be much higher after the release of communities, SMTs, and partner applications
Analyst Commentary:
The STEEM price is down 5.48% verse the USD over the past 24 hours on lower volume ($13,511,000) as Bitcoin falls to $13.5k and the broader market follows downward. STEEM is holding ground versus Bitcoin as the SBD price is down 15%. The SBD pump has been supporting the elevated STEEM price but if it falls significantly, STEEM will fall as well. New account creation data is not available today. The % vested indicator is down slightly at 75.89% as the inflated SBD value continues to drive investment. SteemDB power down statistics are back online but it will take time for me to fix the power down graphs. Daily active account data is not available today. SBD is at $5.76 on Bittrex which is still very elevated over the peg, receive you rewards in 50% SBD and then use the SBDs to buy STEEM on the exchange. SBD conversions are a waste of money again!
For traders, I believe STEEM is fairly valued around the $3 level and can not continue higher without the actual launch of new features or a audience expanding partner project. On the investor side, I believe we will be significantly higher after communities are released and the account creation problem is solved (the timeline for this is currently unknown). I would power up your rewards and buy after STEEM corrects to the $3 level.
Marketing Trust
Please support the @marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.
Data Credit:
Coinmarketcap.com
@penguinpablo Daily Report
Steemd.com
Steemdb.com
Coindesk.com
Disclosure:
The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.
Discord Chat:
You can reach me on Discord on my private server or through private message to LeongKhan
The whole market is down as a whole but let’s see what the future holds! Thanks and Steem On . You have been upvoted!
Very nice info friend, thank you
Thanks for sharing information Helpful post
plz suggest if now is the good time to invest in steem, or shall I wait sometiem for it to fall?
Best thing to avoid "missing out" is to set a buy no matter what limit. For me that is somewhere around 50$ per week. Then try to have a nest egg you can go all in when you think the time is right.
So my advice here is make small buys consistently and pull the trigger on larger buys when you feel the time is right.
Take it from me.... Do not hang around waiting for the right time, to buy, because when markets turn FOMO (Fear Of Missing Out) is real and sometimes you get blinders and make trades you wouldn't considered making if the price wasn't getting away from you.
The current price is not that relevant when I say to you, in all seriousness, that it is a good time to invest in steem but it could fall lower. Consider how you will feel if steem hits 10,20 or say 200. Will you be kicking yourself saying I could of got in at $X dollars but i thought that was too much. Food for thought, my two satoshies here.
thanks buddy for the cool advice!!