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RE: STEEM Price Analysis – July 19, 2017

in #steem7 years ago

I could be super optimistic and say that we'll be back up to $2.50+ by next month, but I think the recent sell-off may have done some damage among the new crowd of investors that were piling into cryptos recently. It may take at least a few months to get back to a steady increase in prices.

But what do I know? Other than this is not very predictable?

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Yes, exactly. In the end it's probabilities that we aim to put in our favor. I do agree about the recent pullback shaking the interest of the larger crowd.

It kind of ruined that bandwagon effect cryptos had going in their favor.

Yeah, I blame all of those Bitcoin clowns. They're always causing unnecessary drama for the entire crypto space. It's unfortunate, I guess.