I'm not an expert, so I'd like to listen to some clever people, like you-)
I'm waiting for Bitcoin's rise very much because I've some financial problems and they can be solved if it rises.
So what do you think how long will be my torturing with this floor price?)
Many experts say the rise will happen close to the summer. But how much it will be...
I'm eager to know-)
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Trace Mayer (@tracemayer) says he would like crypto winter to last for 18 months. I disagree with him vigorously on that. I don't think it can realistically last that long unless there really is coordinated price suppression activities. I do think we could see 3 months maybe 4. I think Steem could go down to under $1 or even under 50 cents. Prepare for the worst.
Thank you for this answer, I was waiting for it too, it is really bad news, I check up the price of Steem every day but it is getting lower and lower.
Before Steem had it's run up it was cheap, under 25 cents. I would say the floor will be back down where it was before plus perhaps 10-25 cents. So 50 cents I think is the price we will see for Steem next month. It sucks, it's brutal, but when you live off crypto and are all in, you have to take the good with the bad.
Unfortunately, I am very bad at cryptocurrency. When SBD was at a price of 5 dollars, I just held them, thought its price would rise soon. It was very silly from my side. Now I converted my SBDs to Steems as I have heard that SBD will be pegged to $1 and just waiting for Steem rise. I hope it will happen one day) Thank you for such a detailed answer @dana-edwards.
thank you very much for this info! I hoped this crypto "winter" would end in the spring, but no..-(
BTC and Steem are directly conntected, right? Now we've Bitcoin floor price, and Steem has lost its positions, so thr things will change, and steem will rise when Btc will be more expensive, is it so?
Nobody can be sure when and what will be in the cryptoworld, but still there're people who know the main tendencies, and can feel their direction, so thank you for advice!
Steem floor is 25-50 cents unfortunately. This is going to get worse and worse for Steem until we have both SMTs and crypto is out of it's bearish trend. Honestly I'm beginning to suspect the price is being suppressed.
If you check my blog you will see that banks have been blocking people from buying cryptocurrency using debit and credit cards. Now is the time to earn as much as you can, cut back on spending. You can afford food? Shelter? Just pay for that and put the bills on hold if you must until this situation improves.