Hello fellow Steemians,
It has been a while since I wrote anything crypto related but the sharp correction of the past few weeks might be just the perfect time to give out some thoughts on the topic and to hear out your opinion as well. The whole cryptomarket has lost hundreds of billions of dollars since its January highs. Such a correction was expected but in all honesty, I was not expecting it to go this low. What I was not foreseeing at all was to see the price of Steem under 2 bucks ever again. And here we are, Steem is trading at 1.54 USD at the time of writing. Anything is possible in this space.
Even though we can still go a bit lower from here, I personally think that Steem at this price is a real steal and gives a great buying opportunity for those that have not had a chance to get in. I have said it on numerous occasions in the past that it is a shame seeing many of you spending a lot of time and effort on this platform and not investing a single dollar to buy your stake in this wonderful project that has the potential to make the Steem holders very wealthy in the years to come. It is the times when the value of our crypto portfolios are shrinking when I appreciate my Steem investment the most. No other crypto in my portfolio is giving me regular payouts besides the Steem. So even though the price is plunging I am still making money on my investment for being active here. So why not you? It would be shame to see big institutions or wealthy individuals snapping all the available Steem at those levels. Please, do not take this as a financial advice, use your own diligence, I am just saying my thoughts out loud. This market conditions might last a while but there will be a time when we hit the bottom and we will start reversing. I still don´t see a reason why the price of Steem shouldn´t be worth hundreds of dollars in the years to come. In the meantime let´s blog, have some fun and support each other while we go through those unfavourable market contiditions. In all honestey, I do not really care for this price drop since I am in this for a long haul. How about you guys, what are your thoughts?
Please feel free to check out some of my other recent posts.
International Women´s Day giveaway: special “flower photo contest” - 30 SBD winner announcement!
Price of 20 SBD/60USD: 7 World's Continents photo challenge WEEKLY WINNER announcement #23!
8,000 followers: huge thank-you to all of you for your support!
Steemit hitting 1 000 000 accounts - 30 SBD giveaway!
Tomas
CEO & Founder of CGH
Awesome sale at the moment :) I will switch some ETH for steem and Bitshares in the next few days. Let's see how the asian traders react tonight...
A trading Tip from me: On the Bitshares DEX is everything cheaper ladies and gentlemen. Steem currently 1.39 $, Bitshares 0.11 $
Good tip!
Your very correct I’m seriously thinking about buying some more coins not just steem, cheers mike
I think it is a perfect time to start accumulating! Good luck with that. tomas
Thank you very much for your reply cheers mike
I agree with your observations but I think that most of the true believers already bought steem at much higher prices. The majority steemians are without money to invest. Speculators are still waiting with cash on the sidelines.
If they wait too long they might just miss out:)....... Have a good one. Tomas
I couldn't agree more. I have been taking advantage of this opportunity to set me up for my long future here on Steemit. I have only been here on Steemit for 48 days now and but I have taken this time to pick up some Steem because I see this platform becoming massive in the future.
I am very pleased you did take this opportunity! It will help you a lot to make your way here. I am glad users just like yourself are seeing the potential and acting upon the opportunity of a lifetime. Have a great night Wes.
I am hoping to get 500SP as soon as possible so that I can upvote more people because having limited voting power is annoying.
I also think most alt coins (including Steem) are at a great discount! I think it is a perfect time to either add to an existing position or jump into the space for the first time! I think we are finally close to the bottom and we will see a massive upside in the second half of 2018! it was a much needed correction after that incredible run we had over December!
Yep, we are on the same wave:).... I think we will see another epic run at some point later in the year!
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I have been buying bitcoin and Etheruem. It is a great opportunity as the prices will reverse soon. I would love to but steem dollars but not sure which wallet will be best as bitrex is not taking on any minnows and polonix has me waiting for 2 months now to verify. If there is any advice as to a different wallet please let me know. I'm new to all the crypto currency so still a a bit of a noob😀
I am bying at Bittrex and powering up straight here on the platform. Works perfectly!
Newbies can't join bittrex any longer. We have to wait for polonix
Yeah, killing me right now that I don't have the money to be buy...because, seriously, Steem pays for itself so quickly...between the community and other people, it's a self-reinforcing crypto. It's not going away no matter how hard the mainstream tries to get rid of it. Keep on doing your awesome thing! Love the ways you're helping to build and strengthen the community :)
Thank you so much for your positive feedback! I hope you can get some funds to take an advantage of this drop! Have a great night. Tomas
I'm waiting for sub-$1 Steem 😎
It might come but it is very unlikely.... I would be happy to accumulate at those prices:)....
For a past month with ever passing day the crypto world went down down down but yu know what i was thinking for past two weeks to buy some steem at this point because you too mentioned above
I was actually looking for the second opinion to invest in it and i got my answer. I am more than 100% confident that it's gonna bounce back even more strongly as i was reading an article of @stephenkendal in which he mentioned you will witness the highest price of Steem after the mid of June 2018.
It is also true that it is a tough period economically but we should support each other through our kind comments/upvotes to enjoy the situation in a more brilliant way. Thanks for the detailed advise Tomas
My Support is always with you :)
Thanks ever so much buddy! I am sure there will be an epic run sometimes later this year... Tomas
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Oh I agree this is a good time to be buying! I haven't bought since November 2017 until this past week. I started adding again when it dropped under $2.50 and may just have to buy more today.
Sound like a solid plan! Good luck to you. Tomas
You are so right, time look ruff right now but it’s the best time to pick up some Steem! 💪🏼🙌🏼💯
Not now! Downtrend may continue for some more days. Buy in dips when uptrend starts.check my post here
https://steemit.com/cryptocurrencies/@kpreddy/crypto-bloodbath-continues-for-further-months
Yep, time for some stackin:)
Well said and captured here
The price of steem will definitely rock
Only those with long term vision will reap well from it.
In this bear market a game can be great to lighten the mood :) Come check out Chibi Fighters. No levelling required.
https://chibifighters.io/
We are already in Alpha 0.3 and things look fantastic
right now is a good time to invest in blockchain technology
you are right in the all the crypto prices are going so down its really making is so panic at the same time it's also a great opportunity to buy some so steem..
i was also not expecting that steem will go below 2$ , im afraid about what next on this path .. just wait and see @czechglobalhosts
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When prices like this, whether masi anyone want to invest
Great post..Yes now days steemit SBD value has got a lot down than expected and bitcoin is now days stable not so much increasing nor decreasing, it's constant in my view. but it is perfect time to invest you money as it will surely going to be higher and when it will you will get a lot profit.And i am going to stick with it and i also agree with your thought Tomas..Thanks for sharing it with us..@czechglobalhosts
This is the best time to buy steem or bitcoin cause the prices are really low . If i had I would have definitely spent on steem now cause this is a steal deal and i know many of the investors are flooding in.thanks for sharing this post.
Very nice steemit work i love steemit
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When there is no support, I'm sure crypto will not last
In the case of steem, while things are looking shaky I still see a solid foundation ahead. Why? Because irregardless of the price, there's still a use case attached to this.
For people who want a breather from Twitch, Youtube, Twitter, Facebook etc. and their stifling policies, this is still one of the few viable options and one that has the potential for major expansion. There's also smart media tokens on the horizon as well, so it isn't like this place is stagnating either way.
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Yes most of the market is down every alt coin is at sale buy as much as possible.
the price of SBD down is not affected for me. I will continue to write on the blog steemit
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talking about the value of the currency always hear several comments, opinions and many speculations about what will happen to the value of the currency, I read in several pages that the value of the dollar steem must be at the same rate of USD dollar.
The intention of its creators was that its price was the same.
(1SBD = 1 USD)
and Many people that we want to raise since this is a job we think it will have another rise to success although we do not know the reason why it increases.
Everything you said is true, when things are worse is when you have to invest more, and when you go back up it will be time to harvest what you have sown today.
Investing in steemit if you have the possibility brings only benefits since apart from a daily profit (profits) your capital when it takes value can be liquidated.
I hope the steemit project is something long-term for everyone.
Well will sure get as much as possible ;)
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crypto going to down & down. we hope crypto will be back strongly as soon.
In the meantime let's blog, have some fun and support each other while we go through those unfavourable market conditions.
Rightly Said. Let's cherish and hope for the best :)
All coins are currently on the decreasing side. Fir steemians, it's a great time and opportunity to buy as much steem dollars as possible and build your steem power.
I am in this for the long haul as well as right now as a newbie I am just enjoying the platform and all the interesting posts.
People can do everything they want. Everyone in this steemit is like a family. So, helping each other, working on the shoulder can make everything possible.
Hello @czechglobalhosts,
I think it is just the FUD on cryptocurrency, that is making the steem price to come down, which I believe will die down soon and the steem price will go back up.
About investing in steem. A lot of people don't have the cash to invest in steem, like me, if not I would have invested in steem because I really believe in steem. 😎
In affirmation of what you've said, acquisition of steem now will be one of the wisest decision to make. Especially with speculation that steem will rise as high as 60 USD before the year runs out is so priceless I had doubts at first but lately I've come to believe. Investment is so much necessary now.
So, lets just take advantage of the low price and amass STEEM
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It is times like these when it is best to focus on the things that are in your control. Yes if you can purchase more this is a great buying opportunity. But even if you cannot you can use this time to work your posts and understanding of the marketplace. Do not drive yourself crazy over it though or you will not be able to sleep. I hope everyone had a great weekend and I look forward to our all reaching our dreams.
Downtrend continus for some more days! wait and buy in dips when uptrend starts...Don't buy now. check my post
https://steemit.com/cryptocurrencies/@kpreddy/crypto-bloodbath-continues-for-further-months
Irrespective of the fact that the price of Steem has steadily been depreciating in the recent past, I am hopeful that one day, it will surely bounce back with a bang.
Meanwhile, let's Steem on.
I belive cryptocurrency is future! :)
Man, seeing STEEM at such a great price and not having any fiat that I could invest in makes me really sad.
I agree, this price is definitely a great buying point.
I agree with you, I can't follow your advise because I am short on funds but if I could I would buy a nice amount of Steem, remember last year around this month hit its lowest ever and actually the price it is at today is better than what it was for most of last year. And reading the news I see there is a lot of questioning about Facebook's handling of personal information, this could increase the number of Steemit users, which I think could make Steem much stronger.
Every down has a rise and every rise has down.
So not to worries.
Our life is also going on this principle, but it takes some time.
WEll yeah it's a best time to buy steem.
Ill wait a bit longer but indeed great time now.