📉STEEM Investor Report 15 July 2017 (Whole Market Down, again)

Trading Recommendation:

Hold, Bitcoin price action may pull STEEM lower, but fundamentals look strong!

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price fell 13.85% verse the USD over the past 24 hours on higher but still very low volume ($1,224,220) as the entire crypto market experienced yet another red day based on Bitcoin uncertainty. I expect the Bitcoin uncertainty to last through the next week as the next big news isn't expected until 21 July when the miners should begin announcing their implementations of Segwit. The rewards pool decline appears to be slowly leveling off (it is hard to see so I drew a trend line to help show it). I'm posting my analysis of the rewards pool trend in the next hour or two (I'm finishing up the writing now). New account information was not available today. The % vested indicator fell slightly to 71.58% which does not threaten our current uptrend. Daily active accounts is also not available today but I would expect it to be down on the weekend. The SBD inflation is down with 1 SBD worth about $0.930 which means we are starting to fall significantly below the peg.

For traders, believe STEEM has significant upside potential due to fundamentals, however Bitcoin's slide could take us much lower. I advise holding and looking to buy in before the recovery starts. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and look for opportunities to buy at current price levels.

Payout Recommendation

I am expecting the SBD premium to return when the crypto market picks back up after 21 July, therefore, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

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Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.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.

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