The CryptoCurrency market is well known for it´s massive up- and downtrends within short time frames. Whatever would cause a worldwide crisis on the normal stock market is called a usual day in the crypto world. Price changes of 20% or 30% are just normal and actually one of the reasons, why this market is attracting more and more investors these days.
As you all might have noticed we have been able to find a lot of articles and news about the Bitcoin lately. Even popular mainstream media spread the news on the Bitcoin Hardfork on 01. August and most probably attracted the attention of many people, who haven´t heard or cared about cryptocurrencies before.
This might as well be one of the reasons, why we are currently experiencing such a huge uptrend after the Price dropped below 2000$ in July due to all the uncertainties about the upcoming Hardfork. So in case you´ve invested into BTC about a month ago you´ve been able to achieve a sweet ROI of more than 100%. Unfortunately I haven´t been one of these lucky guys and am actually still not holding that much BTC yet...
Despite all the big news about Bitcoin and it´s huge value changes it seems like the Price of Steem is pretty much more or less solid around 1.20$. Having a short term high at 1.70$ and a short low at 0.9$ the price is somehow always aiming back towards the magic line of 1.20$ per Steem.
In my opinion that´s not bad at all, as it´s a sign that the coin isn´t experiencing one pump and dump after the other but is more seen as a stable Investment on the Cryptocurrency market. Of course it would be nice to see the value increase but I´d rather have it grow slowly over time than jumping up and down like a kangaroo...
(A Proud German Ambassador from & for #Teamaustralia!)
I have a big trust in Steem. All you (we) need is some patience. Those who are in cryptos lonng enough (5-7 years), remember how tough it was to hold BTC in it's 2 year downtrend period.
Nice one mate. Yes volatility is a short term trader's friend but can lead to as many tears as smiles. I had to explain bitcoin to a boomer this weekend. They thought our monetary system was still tied to gold... point being that there's still no mainstream adoption and a big untapped market could lead to big price hikes in the years to come. My 0.02BTC worth 😉
Yeah, many people actually don´t really care about the details of our monetary system. Most are just using it as they have to. But as you say, the bigger the crypto market gets, the brighter will be the future of Steemit and Steem. I´m already so excited how this will look like in a year from now :)
Steem will stable out once the big guys slow down, and the shitcoins die off. Too many people are pulling money out of Steemit to chase the next big gains. Once this all slows or comes to end, the future will be bright for Steem and Steemit. 💰
yes, Steemit is still a get rich quick thing for many people. But the more members we´ll get the more demand will be there for Steem so that the price will rise for sure. The more valuable it gets the less likely it is that people dump it and the further up it goes :)Hey @tolkatore,
True indeed, but int he short-term, it is better for Steem to be low, so that we bore away all of the folks who just came on board to make a quick buck.
I think once we filter out those types, and the spammers and scammers, we are going to see some really great steady growth in the value of Steem, and then what you said will really apply.
I think we see soon steem up 3.10 $ :) it is what I think :) the interesting thing is if just one Big millionaire could buy steem up... steem go somthink 20... or 60 $
Well, the market is still pretty small and just rises more and more interest at big Investors, so it´s actually quite likely that we may see a rise of Steem pretty soon. Maybe not up to 20 or 60$ but at least to 3 or 4 maybe :)
Yes this year we see steem up 3.10 ... but next year I think more . It will surely be very unexpected move again when it happens :)
The price of steem will depend on the coming HF20. If the DevTeam were able to pull a good work, I think Steem's price might double.
I´m definitely curious on the outcome of HF20 but in the end it´ll always be the market to dictate the price, so let´s see whether the change will influence it that much.
The market does dictate the price, but the market has its reasons.
You see, HF20 main focus is to open steem to the mainstream public. If it succeeds with that, this will create a higher demand for steem which will cause the price to go up.
I think NEO is going to continue its way to 100$, maybe BTC drops a little bit (or maybe goes to 4500$ - 5000$) and I hope Steem continues stable at this price so I can buy more! This is a good month and almost every coin will go up I think.
The values are just skyrocketing at the moment. I really wonder whether we´ll experience a huge drop soon... But NEO will for sure show some good growth the next weeks, so there we are of the same opinion for sure :)
I've been hodling on some BTC I bought at ~2400, so I'm pretty happy at the moment!
About the value of Steem, I think we need to see more applications that accept Steem as payment, that kind of mainstream usage is what will increase the value of Steem. I don't think Steem will be that valuable if it is used only by Steemit.
You are one of the lucky ones then :) Congrats to your BTC :)
Regarding Steem I got a slightly different opinion as I think the value will increase the more people are using Steemit. More people = higher demand = higher Prices ;)
Witch other crypto than steem allow you to earn more buying it and using it? Im not speaking about trading it when it go up in value. I dont see lot.
That´s right, Steem is a coin that really offers something special. Maybe that´s why it´s so highly addictive :D
Thanks for the information. We live in an exciting time.
you´re welcome :) But the best about all this is that we are still among the first people here :)
I am waiting steem get a $10 mark. But 30 days, looks its remain in its current price.
That would definitely be awesome but I guess it won´t happen this year though...
wow bring it on traders
I am from aceh, i am new in steemit and not yet understand about steemit
Please helpHi @steembusiness, I'm @izwafauzi
What a day of Bitcoin!
Definitely. A rise of more than 500$... That´s awesome
I agree with you about steem. I'm in it for the long haul and I believe it will be extremely successful! Exciting times!
The whole Project is really exciting and I´m curious on how it will look like at the end of this year, let´s see :) But IMO we won´t be dissapointed I guess ;)
I thought bitcoin will fall after the fork, but missed the boat. I think from now on the prices for some of the stronger cryptos will go up, just like NEO. I am sure sooner or later same will be with Steem.
I actually thought the same and for sure didn´t see the current values coming. Big mistake...
But whatever goes up has to get down at least a little at some time ;) So maybe we get another good chance to buy back in :)
I sure hope so.
Upvoted and also resteemed!
thank you very much :)
Bitcoin is a growing machine. I need everyone in my family to have a bitcoin lol.
Lol, I´d like everyone in my family to have at least 10 Bitcoin :D
I'm new to cryptocurrency, and to me Bitcoins seems pretty useless for other purposes than "investing/gambling". Who would buy something with Bitcoins if it's value is 20% higher the next day?
Im not so impressed with stability of STEEM, it doesnt seem to track BTC in any remote way, it just slowly drifts lower. Not so happy with that behavior
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