My 1500 STEEM worth was almost 1.5 bitcoin!!!
I was sure steem will continue and go up to 10$ and was very optimistic regarding STEEM but the reality slapped on my face.
Today STEEM price in bitcoins is 0.0002575!! - it lost about 75% in confront of the bitcoin in only 3 month - my 1500 STEEM are worth about 0.386 bitcoins (lost 1.114 bitcoins).
It was one of my worst investments ever.
Yes, sure, I can hope that STEEM will go up 300% (4.$) and I will see STEEM at its all time high levels and beyond - in the cryptocurrencies world it is possible but for today i am 75% down :( and holding
I am wanting to get in on EOS also but when I see the graphs and your experience it causes me to hold off. The tech looks solid and there are not many people that have had multiple successes creating previous blockchains (Bitshares and Steemit) that have provided brilliant real life use cases and experiences to be fed into the next one (EOS). So why is the market pushing it down? The only reason I can guess is that the distribution of tokens being so fairly configured to release over 350 days has eliminated the FOMO that fuels the buy-ins on the exchanges. I feel in the long term EOS will be huge but I don't feel the urgency to buy in yet. I'm still a noob and trying understand this environment but I'd be interested to hear other's thoughts on this market trend to help this make sense to me.