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RE: Why is the price of STEEM pumping, and what is the effect?

in #stats8 years ago

Yay for Asian countries! I'm especially happy to see that growth seeing as I'm living in one. :-)

I've learned to be skeptical of Steem pumps and tend to stop all buying activity until prices subside again, but I have to admit this is starting to look more promising than it has in a while. I would like to see a bit more consolidation in this range without any more sharp upward movements. The longer Steem trends sideways, the greater the chances of actually seeing a sustained uptrend develop. At this point, I've accumulated enough that I'm pretty much immune to FOMO, so I'm taking a wait-and-see approach and will probably buy any further dips down toward the 15k area.

I have faith that we will eventually see $1 Steem again, it's just a matter of how long it will take. And I'm a patient man.

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Much of my sentiment expressed here, I don't think $1 STEEM will take too long and by next year this time, who knows but I think $ double digit steem is on the cards within a year or three.

Double digit Steem... oh man, one can dream. All I know for certain is the future looks bright, and lots of good changes are coming down the pipeline in the 2017 development roadmap! It's going to be quite an exciting year, will be fun to see how it all plays out.