We have heard a lot of comments on steem for the past month and a lot of it were negative. Steem is a pyramid scheme disguised as a blockchain based socialmedia platform, poorly distributed, a caste system only for whales to name a few...
I was among the hopeful investors who jumped right in only to be disappointed by a sustained downward pressure cutting my portfolio in to half before i decided to quit.
Three weeks later, Im beginning to see a change of perspective, we now seldom hear bashes now and could see a growing change in investor sentiment. Looks like the whales already got their stash of the coin at a cheap price and ready for the next surge.
I have yet to see other indicators that will prove this. I havent seen a price action quite convincing enough but here is the latest market depth. Looks like nobody wants to sell steem at a cheap price anymore.
I think that compare steem to other crypto currencies is not the right way to go. But I'm not expert- far from that. I'm still learning about all this.
Steem is in price discovery... near 0
just wait for the next pump and dump
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