So basically, as my bio says.. I'm a crypto enthusiast, soccer fan, musician and i speak both English/Spanish but i will be posting more in English. I'm from San Pedro Sula, Honduras and this is a country that is been having not such a good time lately due to a political crisis but i'm always positive that we will see brighter days.
I found out about bitcoin 3 years ago reading about forex when suddenly i came accross this cryptocurrency and i got really curious about it, then i have been reading a lot about cryptocurrencies, the blockchain and how we will never see money in the same way from this exact point.
I learnt about steemit just last week, while i was going through the coinmarketcap list and i found it so interesting, i decided to open a profile and i'm doing my best to learn as much as i can about how it works, learning about curation power, vote power, rewards pool and i'm getting there. I will be post later this week how i buy my first STEEM coins through @binanceexchange since i got really excited that we are listed there.
So.. WHY I BELIEVE THIS IS THE BEST TIME TO BUY STEEMIT.
I have both fundamental/technical reasons to why i believe it is the best time to buy $STEEMUSD but i will start with fundamentals.
So i have been thinking about big social networks such as FB, Twitter, etc.. These social networks have hundreds of millions of users and everyone is really excited about getting to share with their loved ones, family, etc.. But these social networks don't have the STEEMIT structure that i believe can bring equalitiy to our societies, these are basically designed so owners, investors, etc.. can make profits from it with sponsored content. I believe in the long term STEEMIT will grow to millions of users and the best part of this, that we work as a decentralized system, we all want a world that can be equal and reduce poverty, that everyone can have enough income to afford basic needs and i'm pretty sure STEEMIT will get there in the long term.
Now let's go to fundamentals.
For me this is definitely a double bottom that we are seeing and price was not able to break through the 0.786 fib level, even though the whole cryptocurrency market is being declining $STEEMUSD has been doing very good and inside the range, it is still not bearish and i'm only seeing up and up from here.
You can find my facebook page in my bio, regards steemit people!!!
welcome to steem ! have fun and keep sharing good insights !
Hello! I wish you the best on Steemit and thank you for following. I really like how you combine fundamental and technical analysis.
Thank you so much for the comment, i really appreciate that you took the time to read the analysis.. will be posting more analysis here every now and then, regards..
welcome & great to see you getting active here! :)
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