As optimistic as I am and as confident (so confident) as I am in the long-term future of Steem, I do want to consider whether or not Steem will drop below $1 during this downtrending market (one of the catalysts that I've always said could cause a drop in Steem Price). The reason I want to consider it is because it will mean an amazing opportunity to buy more Steem while the price is low. Once that is considered, if I decide I think it will, I will consider just how low I think it could go before the next rally and the long-term positive trend continues. I think that once SMTs are out, if successful, there will be a huge price surge. Knowing that, but also knowing that many whales are dumping some Steem (likely out of Fear), I think it may be a prime opportunity to shift the balance of power across Steemit. I think that this is the greatest time in the last 8 months for someone trying to move upward in the Steem Power Hierarchy. The cheaper Steem is and the more whales that sell off, the more opportunity for Minnows to become Dolphins and Dolphins to become Whales. So, if you aspire to become a Steemian Whale or Dolphin, consider if this is going to happen! I know I'll be buying as much as I can if it drops below $1!
That's why I bought 1.3K steem yesterday.
Because I also think that this is a great opportunity. Actually this is the lowest price I've witnessed during my 5.5 months in this platform. And I will continue to do so if the price keeps going down...
Yes!! That's what I like to hear!
That is what everyone should do ... if he plans to stay here long.
Of course not everybody has the money to do it and it is totally understandable but hey...that is just me and my thoughts mate
Yeah, of course. For those without the startup capital, only option (and a good choice in my opinion) is to grind away! :)
Read on my articles on Boolean. Just finished them..
we are close to make a bottom, you have made the purchase at the right time. Cheers to Crypto
I do not a situation that it's will go that low
It takes guts to buy dips and sell the rips. Only people who can hold their nerves make money in the long run.
When everyone is bearish, that is the moment when market takes a u turn.
I am adding to my portfolio, hope you people do the same.
Lots of people will be buying!
What goes up must come down! What comes down must go up! This is an old Chinese saying!
For old Chinese businessmen, they always get very worried when their business reaches the top of the curve, because they know it’s time for it to come down, but by how much and how quick; that’s the question.
When their business hits rock bottom, they starts to be very cheerful, they know it’s time for business to pick up! They would start to make plan to increase the speed of progress. Well, assuming that their business is legitimate and relevant.
So, as a contrarian, I think by August things will make rapid improvement in the crypto world! The fiat system is regressing every day! I am not looking forward to a world wide collapse of the fiat system!
Great thought
Thank you!
Cheers.
Hi there, I am a bounty hunter.
Have written the articles, waiting for the bounty.
It might ... It currently is at $1.24 and if it drops a little lower a $1 may not be far behind. I certainly will be buying if it hits that $1 mark. I am thinking about investing a little at todays price but I will wait. If it spikes and I miss out then so be it.
I am not an Investor but whatever earnings i am getting on Steem, i am powering up 60% and for sure we will going to see great phase once SMT's are launched. In my opinion currently we are experiencing the phase of weak hands and Buy Dip and Sell High situation so in my opinion soon we can see some uptrend.
Good to know that you are waiting for the dip so that you can you can power up more and that's really productive because every situation is an opportunity and we have to use that opportunity for sure.
Wishing you an great day and stay blessed. 🙂
soon steem will rise again have full faith
Espero que no, creo que todas las criptomonedas tocaron un fondo asi que en mi opinion lo mas probable es que inicie la escalada. Un saludo
Mi amigo, hola! Mi companero por practicando mi espanol! Gracias para tu opinion sobre este posta! :)
mi vocabulario es pequeno ahora mismo, por lo que 'taza' es la unica palabra que yo se por 'cup'. lol
Hola @biddle the word taza or taca is used in Portuguese in spanish you say " la copa del mundo" very similar as you say in english " the worldcup" anything you want to know in spanish i would be open to answer you friend :). Regards
haha Bueno bueno! Gracias, mi amigo! :)
Como se dice 'World Cup' en espanol (colloquial)?
Es "taza tierra"/"taza del mundo"? lol
I don't know about this, because I haven't had any idea realated to it. But I'm hoping for a best results that the price rises up soon. ☺
Thanks @biddle sir for sharing this post.
Have a wonderful day!
I ain't an expert but the way things and the way we are seeing things hoping that once SMT's are launched it will take a surge in the price but who knows no one has seen the future but lets hope for the best and hold onto the crypto that we have with us !
The price of the steady dollar is very frustrating, and in other words, a steemit dollar has come down a great opportunity to buy and hold it because of reduced prices. I'm buying some steemit dollars today. Hopefully the prices of Steemit will increase soon.
I think Steem will drop below $1 in July. It's kind of depressing, but not if you're thinking long term.
And I am! Agreed, it is definitely unnerving/depressing for Hodlers, but I believe that it will rise again, so I just see it as an opportunity. :) and yeah, if i had sold at the high and then bought in now, i would multiply my steem, but no one has a looking glass and I could have just as easily been wrong, so holding and averaging is the best call for my situation!
Well, it all depends on Bitcoin really. If it goes further down, then Steem will go down as well. And I think that the whole market is still going to go down a lot until it finally starts recovering. Steem will probably reach something like 0,80$ or even lower at some point.
I'm honestly leaning your way right now; it is definitely contingent on bitcoin's price movement.
Is the bounty program active?
Hi @rajusisai, it absolutely is, thanks for the question!
I will write for it then.
Great, glad to hear it! Thanks for the support!
I don't think that steem can go under 1$, but i have purchased some of them yesterday as i think this is a great buy. i'm also ready to buy some more if price drops little more as i know in long-term i will be in benefit.
nice posts @biddle keep writing. I like to read your posts and this could really help me to grow up here.
No
I have shared my adress, expecting to receive it soon.
Hi @rashmitasen, your bounty has been sent and the transaction ID has been provided in one of your articles! Thanks for the support!
The other's mind does not really come with your mind! you have good confidence!It was great blog!
Waiting for bounty to be sent.
Hi @cryptoankit, the bounty has been sent and the transaction tracking URL has been provided in one of your articles! Thanks!
Thanks for you and most welcome sir.. upvote done sir...
Do not raise the price?
Fantastic post friend
Congratulations friend