Trend is likely to continue into tomorrow and hit something like $9500. Might be a good idea to pull some coin out and put it into something stable since things are looking like a breakdown for the time being. Of course, no one can say for sure and we could be at $14,000 tomorrow… but that's highly unlikely.
If Bitcoin continues to do the whole rise and fall thing it's basically going to hammer the altcoins way way way down. Not only that, but a breakdown to $8000 could mean something like $3 EOS and $0.10 Steem or lower.
Waka waka.
The market demand is what it is. At 10c, it would allow a lot of people to power up if they choose to. There's clearly a glut of steem right now. Atleast there is a reason to buy it and power up (to some extent).
This.
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Yeah, we are thinking 9k is a buy point... but will watch closely.