The morning commute usually calls for some distractions and Steem price watching is defiantly one very good distraction lately... too good.
As we all know the price has been falling consistently for a week now (chart below)
Has the floor finally been hit? As of yesterday at 12:30 the low of .0041 was hit and we have been slowly recovering, but is this really it or should we be prepared to go even lower?
I was never good at telling the future, and when it comes to crypto, I have made several stupid trades trying to predict the candlesticks. Resulting in small loses but loses non the less. My recommendation would be for everyone to just relax , convert to steempower, and let that price skyrocket :)
Blue
Let it rise
It's still very early days and very volatile. My hunch is yes, it's probably going to stabilise at ~0.0045. But it's going to skyrocket the next time there's some big news. Perhaps some new feature, an announcement, a large uptick in registrations, or maybe, heading out of Beta. On the flipside, if there's a hack or something wrong, it's going to crash as well. Remember, the last downturn was simply because one of the founder's cashed out 1% of his stake.
Such is trading, especially for nascent tech, it's based on fear and panic rather than much logic.
what do you think the price will be in a year ?
Zero.
I think there is a good chance we go up again, the 2nd top the 20th of juli was just higher than the firs one on the 15th and yesterday the price bounced back up, just higher than the low on the 18th (about the same difference). You can draw 2 lines along these bottoms and tops, this will create a rising channel. Additional, the fundamentals are still good right?
Yes, I feel the fundamentals are solid.
From here it can only go one direction.....moon :D just wait until the mainstream finds steemit. They will all ask themself what they did all the time on other networks.
I think it should rise. Steemit is still in its infancy and A LOT of people are going to come in soon. When they do, demand for Steem will increase, thus leading to increase in its prices. Trust me we haven't even come close to noticing the full growth potential of Steem.
awesome
May be down.
let that price skyrocket!
FOR THE STEEMITTY!
Nice post, @blueorhy best developer of soft for Steemit :)
see my last post for quick bucks in steem trading ...
https://steemit.com/steemit/@vijaychaudhary09/steemit-trading-tips
dont worry about money, just keep posting great content!
Excellent! Good luck to you
Best thing to do for anyone who is here for the long run to buy some steem and convert it to steem power. Today is one of the nice days to buy.
I think the price will vary depending on the decisions Steemit will take. I feel like for now there are only a handful of believers and the others are just doing pump'n'dump or moving the money to other platforms. Steemit will probably reach a point where it needs to have a nice UI to retain a lot of the people using it. If the only advantage it has is "making money out of your posts" and people realize a lot of posts don't make it to trending, you'll have to give them something to stay for, versus other more mature and well-known medias.
Whales have the answer to this question @blueorgy
Thank you @blueorgy What is that website you're using? It looks beautiful!
https://poloniex.com
I've never seen the yellow bar with the price before. I'll check it out
Isn't a pricefloor when you have buy orders worth the whole supply there? It would be truly hard to make a pricefloor for steem since all the supply growth.
It will probably hover around the $3 mark
I foresee Steem rising greatly, simply due to the platform we have here and the potential it retains. Here's to hoping! :)