"I believe the fundamentals are not looking good today, so the bearish scenario is very likely."
Isn't that usually when the price goes up? ;)
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"I believe the fundamentals are not looking good today, so the bearish scenario is very likely."
Isn't that usually when the price goes up? ;)
Not really, it all depends on the "future". If fundamentals are not good today but might be very good in the future, then the price might go up. Like it did with the internet bubble and still does for a few companies like Amazon and Facebook. But Steemit and steem are way too young yet to draw any conclusion and investors are in the sidelines.
What specifically about the fundamentals are you seeing as 'not good today'?
Bad user retention, a lot of whales powering down, a lot of users cashing out instead of powering up, potential problems with governments because you can't censor content. Etc etc.
I would argue that your last point about censorship will be a positive fundamental, not a negative. At least in the short to mid term timeline