Then I am glad I bought a few hundred dollars worth of STEEM earlier this evening. Am using it to get a bit more SE tokens...loving me some LEO these days.
In all seriousness do you think the bottom is in for STEEM or we see lower? I am not sure other than whacking everything, that Bitcoin has much impact on STEEM. The token is so far down, I dont think most are paying much attention.
Yeah this is the signal I was looking for,
a time when the market crashed slightly but steem went up.
It's also perfectly in mid-October which is nice.
Really right around the time I expected the summer pullback to be over.
What I didn't predict correctly was how little Steem would gain during the summer, then I went on tilt and convinced myself that we wouldn't lose value during the drop. Wrong on both counts. Lesson learned.
It is still very dependent on Bitcoin at this point.
These trading algorithms/bots will automatically sell Steem preemptively if the rest of the market is bleeding. Self-fulfilling prophecy. You can't really avoid the tether. Hopefully it stops pulling as hard as the network matures.