BTC has marked a low for 2019. Analysts are predicting that $2500 a BTC pretty soon. Some are prediting as low as $1000. However, it may be too much of correction to $1200, considering how much BTC has come along in last five years from ATH in December, 2013.
Nobody can predict the low for 2019. However, conidering, it took three months to break $3K during las bull run. Considering also that BTC stays above $6K for 8 months. Therefore, BTC can move sideways and stays above of $3K for another 6 months. However, if it stays at $3K's for longer time and no big positive news happen in the meantime, $3K support can be broken violently. Then $2.5K suuport or ATL can be setup.
Even possibility of halving in May, 2020 can start another bull run on the onset of 2020. Before that raising BTC above $5K requires steong sentiment. This can come from ETF approval which looks like a long away or as soon as Bakkt approval or any wild card event that we are not aware of.
In the meantime, people who want buy cheaper Steem may get several chance. I have my own plan of accomulating 100K if price lower.
To decouple Steem needed USD pair in Binance and Bittrex. Coinbase and fiat pairs in other big exchanges are essential. Once most of the trading of Steem are taken place with fiat rather than BTC, it will decouple further from BTC. Finally, Steem need a killer DApps that will bring 100s of millions of people to Steem chain, then it will truely decouple from tyranny of BTC fluctuation. For that to happen, we need talented people who will bring 100s of DApps. Most will fail, few will become next Amazon or Netflix of DApps.
I just got filled on a buy at $3325. My next buy is at $2950. Looks like I might need to but in some buys in the mid $2k level.
Posted using Partiko iOS
you are right but BTC is like USD if you want to know how your currency is strong converted to USD
Fiat gateways will definitely help the decoupling but also add substantially to liquidity which would be needed to really increase adoption and open the door to more investors becoming interested in my opinion.
Posted using Partiko iOS
Hi, @riseofth!
You just got a 0.19% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.