Is today a day we will look back on and say wow remember when the price of steem was $1.11?
Steem price has taken a hit while some altcoins have seen an upward trend. According to coinmarketcap.com steem is currently trading at 1.12 USD with a market cap of $267,541,492 which is a decline compared to few weeks ago. This is not the first time and thus we should not panic rather see it as a once in life time opportunity to buy more steem and power up due to the potentials of steem ecosystem and its solid future value (FV).
This low price of steem has caused some people with low faith to start panicking like a baby and even powering down their steem forgetting that steem ecosystem is the best in social media segment and thus has the potential to rise to $1000 when it penetrates mainstream in few years’ time.
In addition steem is highly undervalued (which was analyzed handsomely by @hedge-x in his post : 5-reasons-why-steem-is-highly-undervalued ) and the true value will be seen in its price increase when investors start seeing the true future value . Conversely, steemit has seen amazing growth in recent weeks as reported by @penguinpablo and @stephenkendal via their posts, which indicates a positive upward trajectory -this assertion is supported by steemit rise in Alexa ranking and its steady growth in market share.
Some steemians , examples @trafalgar , @jerrybanfield , @hendrikdegrote , @stellabelle , @joshbreslauer , @jacobts , @ats-david , @xaero1 and @aggroed ( to mention few) have showed their support for steem by showing us the importance of buying steem at low price and powering up :
- Ability to have more power in future of social media
- Ability to reward good contents and reward yourself
- A form of safe life insurance
- Secure powerful investment for your future growth
Furthermore, another good reason to buy steem now is that the fundamentals look great and steemit is seeing more success especially through eSteem project lead by @good-karma plus other projects that are launched Via Steem blockchain examples: @zappl , @Busy , chainbb led by @jesta and the amazing DTube: a decentralized video platform using STEEM and IPFS led by @heimindanger .
Conclusion: Steem price is currently low, however we have to see it as a once in a life time opportunity with great future value-as explained in this article . Importantly, steem should be seen as a long term investment opportunity and not a HYIP or get rich quick scheme.
What do you guys think?
• I am all in in the long term: I love steem and steemit
• I am skeptic about steem potential
• Shut up @charles1, you are talking nonsense again!!!, I am done with you, steem and steemit .
Send in your comment, please resteem this for others to join and up vote to send your support.
Are you addicted to steemit? pls read my former blog: Steemit Addiction: Destructive or a means to success?
Oh, boy, I remember when I made a mistake and sell all my steem when it jumped to fantastic $0.4! Good old times… almost three months ago :)
Hahaha you sold all at $0.4? buy more now and power up
No, I will buy again when it falls under $0.4 :)
we are waiting for 10 USD +
Well, it will be. First drop to $0.15, and then jump to $10 :) Standard whale pump&dump scheme ;)
Noooo hahah keep waiting
Sorry my friend
Even a decent drop 💧
It's not going to .40
wow, you might be right bud!!! steem price is free falling
You just have to follow the events 😉
https://steemit.com/comic/@lighteye/6ywdpv-b-c-stands-for-blockchain-apr-23-2017-borrow-advice
haha, good point
See my last 2 posts as they explained issues that are holding steem back ie scam and excess suppply
I also believe steem is undervalued !!! And right now I sure wish I had the money to buy up a bit of steem !! I might be able to buy some on Tuesday !?!? I will have to figure out how to do it !! LOL I always just bought on the internal market with my steem dollars !! Im signed up with quadrigacx and bittrex where I have sold steem for Bitcoin but never bought !!
Thanks for entering #popcontest with some positive steem news if your a buyer ! !! Thanks for all the info , one day we will be rich my friend !!!Upped and resteemed👍👍👍👍
I WILL KEEP WISHING AND DREAMING !!! LOL!!!💙💙💙💙
I sold all my altcoins to buy STEEM and may get rid of some more BTC soon to purchase even more!
Awesomeness !! Im really hoping to have some money left on Tuesday to buy some steem!! Fingers crossed !!💲💲💲💲👍👍👍
This post received a 3.3% upvote from @randowhale thanks to @charles1! For more information, click here!
Thanks bot
For me...its steemit all the way...will keep powering up and storing steem for future...nice post @charles1 worthy of my upvote!
welcome and more success to you.
thanks
welcome
Steemit is very helpful and continues to be @steemboad
@steemit is more advanced and more okay. MILK AND SP hopefully we are in this steemit can share vote capawan friend all.tapi most important do not bring other people post for our personal post. Very satisfied with his steemit we can share steem dollar To our friends and all circles who are In steemit. Do not forget to follow me and participate in voting in the post you see worthy to show in steemit
Great, thanks for your comment.
wow nice post.....
welcome, keep steeming.
Thanks!! Great post! Lets buy Steam!
@fael
Nice comment... Good to buy steem!
Good point, buy and power up
Great post and I am no expert at all but I feel it is undervalued and will invest a little more in it
But what I really like on Steemit is the sense of community which I have never seen on any other social site so I am here for the long run
If down the list me it becomes a good investment then that's a bonus
@tattoodjay
Sure...nice comment...
We have great sence of community...
I think it the site can stay this way soon more will be drawn to it and it will grow which is good for Steem
Actually I hope the price stays low for a week or two at least when I will have some spare cash to invest :)
hahaha... nice one... let your wish come through ...! but are you sure after 2 weeks it will start rising?
Not at all sure
Or to put it another way I haven't a clue what's going to happen
Good point, I agree...
Amazing
Thanks
I am all in in the long term: I love steem and steemit and I love Steem dollars also!
Same here buddy, haha
Steem on!
Same here, more success to you.
Same to you buddy!
@charles1 got you a $1.63 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Thanks bot
Bad news
why bad news?
People must seized this opportunity to buy steem when it is still at low price because i think that the price gonna skyrocket in the coming weeks.
@andr1an0
Your comment ...you on point... Good to invest now...
I agree, thanks for sharing
It's interesting because even powering down takes two years. By that time, STEEM's value will have no doubt increased and anyone still receiving powering down payments they put in motion two years ago would be seriously regretting it.
2 years? haha I thought its 13 weeks....
I think it depends on how often you "claim" the STEEM as it's given back to you. IDK how it works, haven't powered down yet and I don't plan to.
Ok, however it is 13 weeks
13 weeks.
Thanks , you are correct
@charles1, I am all pumped up now. waiting for the BTC to just rise a little bit so that I can buy more steem.
Haha good strategy indeed, more success to you.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by charles1 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Thanks bot
nice post ...i upvoted you plz upvote me ??
This post has received a 0.78 % upvote from @drotto thanks to: @banjo.
thanks bot
I think is a great time buy into steem if you love the crypto game
Good point, I agree
It seems to me that now is the time for new client since I as a newby can see a very strange content at "new" page and it took time to find some guys to read.
I do agree that without friends I would see not a better picture in Facebook or any other place. But I still think that home page and tags are not enough to arrange it.
So presuming a new client or different clients at the same platform on steem and steempower base means it can cost quite a lot.
I wish you more success here , thanks for your comment
nice post.
and thank you for the references
welcome, keep steeming
buen post, espero tu apoyo.
Danke schön
Long term hodl!
Same here....thanks for your comment
Hehe I agree. I'll say you called it in 5 years when steem is worth 1k! 😀
Good point, now is the time to buy steem
This post has received a 5.86 % upvote from @booster thanks to: @charles1.
I am all in in the long term: I love steem and steemit...
I've been buying small increments ever since it dropped below 0.0004 BTC-STEEM. My last buy was yesterday and it was my second this week and I used the STEEM that I bought to power up immediately after it hit my wallet here. I'd planned to match my earnings from my blogging rewards with my own money but with how cheap STEEM is I've added more than I'd planned this week because I see this as a long term investment and, as you say, potentially a once in a lifetime opportunity.
It is a bit disheartening to continue to receive rewards daily but see the dollar value of my account stay about the same (except when I make deposits) since the price has steadily declined but at some point that account value figure is gonna start increasing tremendously when the price rebounds....just a matter of time. I am treating this as a long term investment of my time and money and I see the returns as sort of a "dividend".
Originally my next target was to hit 2,000 SP by the end of September but with my additional buys this week I'm probably gonna hit that target by the end of August. Maybe I can set my sights on 2,500 SP by the end of September. I think my target for my 1 year anniversary here is 10,000 SP.
wow, you are correct. I have the same sentiment and target by year end. Hopefully, we will make it asap. Thanks for your comment
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STOPThanks
For nothing we must enter panic, is more if there is a saving capacity now is the time to acquire coins and save the price is going to shoot, a few months ago I read an article that foresee the price of steem u $ s 5.00 dollars and Some years u $ s 20.00.
I bet for a steemit in the long run.
Many thanks dear friend @ charles1 for this material
Good point, I agree
nice post my friend thanks alot for sharing ths post I would be happy if you like to follow me and give your opinion about my posts
welcome
Less steem price more streams in payout I love it
Good point
I truly see this as a opportunity to buy more steem and invest in it for the long future I think it haves the potential to rise sky high.
Good point, I agree.
Damn, I saw Steem at 0,93 $ and I was like:
Haha , I saw it yesterday too at such price however bank takes few days to send money to wallet hence why I missed the chance...
Lucky you bud.
It was like $1.80 a couple months ago.
I think hell would have to freeze over for me to power down!
No need if you think long term as its price i undervalued. Feel free to see my post on steemit and send in your thoughts
That's what I was saying. I'm long term here so yeah...... and I did read your post....?
Good pont, both of us are in long term and thus need the cheap price for now ..haha. Thanks
This post has received a Bellyrub and 8.65 % upvote from @bellyrub thanks to: @charles1. Send SBD to @bellyrub with a post link in the memo field to bid on the next vote, every 2.4 hours. Be sure to vote for my Pops, @zeartul, as Steem Witness Hope you enjoyed your bellyrub!
Thanks bot
beautiful photos
what is so beautiful there?
Steem will make a move up above $3 by year end. It's growing fast.
@geneeverett it will even reach 1 K within 3 to 5 years but we need time to buy enough steem before it start climbing up haha
Vote: strategic opportunity for wealth. Question - is there a "suggestion box" where users can make recommendations on user-interface or site functionality ideas, in order to continue to streamline it for mass adoption, optimized utility and user retention?
I dont know however there are groups in discord or steem chat...and an official email however I have not requested for it before