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RE: Markets Recovering - Green Thursday Which Is Still In Red

in #steem7 years ago

technically, we're still in red, but it's good to see $4 for a STEEM, instead of $3. But then again, I guess it depends from which side of the STEEM you're looking at it :))

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I'm looking at it from $0.5...which is what the price of Steem bottomed out at after many months of decline..

Very interesting. At what point did STEEM hit $0.5? I'll admit that I'm pretty new around here so I may not have been around when this happened. I know it went from $8 to about $0.07 a while back, or something like that -- so I understand that such low values are certainly possible.

June of 17

If I recall the value of my account went from a couple of hundred dollars to over twenty K....in the space of a few hours...

I got preettty drunk that night...watching it gain in value.
Didn't sleep for two days...glued to the computer..

wasn't it $0.1? Like in 10 cents?

my bad...I left off a zero...it was five cents..
there was discussion about what would happen if it dropped to less than a penny
all the data is on the blockchain I presume, for those who can access it.
I used SteemWhales..but that site hasn't been updated for a month.

Definitely. I watched David Pakmans interview with @aggroed last night, and he made a pretty strong point that, the last time BTC was at the $11,000 level, STEEM was at $0.91.

BTC has been around the $11,000 point again in recent days, but STEEM seems to have stabilized and rebounded (for now) hitting a low of ~$3 I think it was? Which is about 300% it's value last time -- seems like a good sign to me.

Based on what you are all saying about where prices were before relative to where they bottomed out now (so far), I like what I'm hearing. To Aggroed's point made last night, the base is shifting up. As much as I would love to buy some $1 Steem, I'm more inclined to see it rise.

Pun not intended. Okay, maybe. :)