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RE: Let's Talk—Bitcoin Dives and Creates an Incredible Opportunity To Buy Some Cheap Steem!

in #steemit7 years ago (edited)

At 90 cents to $1, in my opinion, Steem is still relatively higher in comparison to March, 2017 but let's remember how Steem rallied upwards and held it's own at over $2-$2.5 until the BTC correction started pulling it down a month ago.

the BTC upswing is what brought the price briefly up in the first place. the positivity is good, but you can't have your cake and eat it too -- which is what youre trying to do when you attribute downswings (but not upswings) to btc volatility.

buying steem at a buck (or 87 cents or whatever it is now) is a bad deal, IMO. I don't think we hit the true bottom in march, and I still think we're on the way to $.01 - $.03 before theres any potential for a real recovery and sustainable appreciation in value.

There were posters just like you saying steem at $.9-$1 was a good value in sep-oct of last year, on the way down to 7 cents in nov-dec. They were being irrationally optimistic then (and i told them so) just like you are now.

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I get your point but when Steem was at 7 cents, people were still FUDing and expecting it to tank further, and we know how that went. People felt it was irrational to buy Steem at 10-15 cents and felt it was worth lower. I don't recall any experts here expecting the price to pump as high as it did. Ofcourse BTC pumped a lot then but then BTC had been on an upward swing for a while and Steem was really late to catch on with it's own rallies.

Do we know for sure that Steem will get any lower or higher. No we dont! This is as good a time as was in June to get some Steem, and even then people were hyping up BTC and other cryptos and look where we are today. :) Just gotto get in with both feet and ride the wave or the dive as it comes. That's crypto!

I must add, it's great to see you stop by on my blog.