I dedicate this post to all, specially to crypto currency traders. Read this, I'll prove to you that Steemit is a gold mine. Last year of July 2016 was the highest price entry achieved by Steemit.
According to Poloniex's Steemit chart it was wooping .0065BTC, while at that time bitcoin was only $671 per piece. Until Steemit's price started to climb down day by day until it become 0.0005BTC of today's price. Thats a huge 1300% price drop.
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So basically it sounds like a bad news for non traders, so whats cool about 1300% price drop?
In crypto currency every coin has their own chart pattern. Some coin started from a very small price then become huge like Bitcoin, Ethereum, Stratis, etc. Some coin started from large price, then price slowly drops until it reach the lowest support level, then start to climb up again to reach its previous top. An example to this is Pesobit (PSB) and our hero coin (STEEM) :)
Get my point? Now that Steemit is on its lowest price this is your very chance to invest from it.
If you are a trader I encourage you to Buy a lot of $STEEM as much as you can and HOLD it for several months.
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Imagine if bought worth 1BTC of Steem now, ( 1BTC X 1300% ) I can be 1300BTC to 1400BTC in the next 10months. You can buy or trade Steem at Poloniex, Bittrex, Livecoin, HitBTC, and Alcurex.
Wait, is it safe to invest to STEEM? Absolutely YES! Steemit is now the 11th Biggest coin in the crypto world with over $236,830,056 USD of Market cap.
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So you dont want to invest money? What you can do now is register on Steemit.com. Make quality blog post. And start earning STEEM. Because what ever you plant now will reflect in the future.
Remember the trader's top commandment. "Buy Low Sell High".
If you like this post. Please Upvote. Please share to your friends. Dont forget to follow me :)
Thank you very much!
hey pinagpala really like ur article. I have been loading up on Steem in the past few days. Its the most promising crypto out there. Its the only crypto that has a direct us on an industry, such as writing articles. No other coin has this.
Lets make some money.
Sir thank you. Yes in the next few days and month Steemit and $STEEM will shine.
Gonna buy steem now
Yeah thats the right thing sir
very true
Price can only drop 100%. So not sure what u mean with 1300% that is not possible.
Also highest price of steem was $4ish ans now we are at $1 so jot sure where u get hese numbers from.
Also what makes u think the value of steem could be 1300% higher?
Hello, :) I am talking about the previous 0.0065btc price of Steemit last July 2016, down to present 0.0005btc (May 2017) , that is -1300%. Values are taken in Bitcoin price not with USD.
My point is: $STEEM is moving forward again to reach its previous highest .0065, ofcourse the +1300% will not happened overnight it will take months or less than a year.
But an asset can only lose 100% of its value.