All that steem stored on exchanges is not in order books, they are waiting for better prices, then you will see hard resistances all over the place, my guess the first huge resistance will be at 1$ steem which will be very tough to crack.
I agree liquidity is very low compared to other coins, I just don't want to see that black swan event where the price of Steem goes down to new all time lows.
First we need to create positive investment attitude for big speculators to come, but I feel we are not even close to that attitude, nobody writes positive articles on Steem, only we are. We shill steem to ourselves. No marketing still, no changes. That is how I see things.
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I can tell you if you go to EOS telegram people say the same thing. The bear market took a big bite out of everyone. And EOS has billions. More people know about us then a lot realize. We just need to keep marching, that oasis on the horizon is not a mirage.
Staying cool trough this altcoin bear market truly requires balls of steel. Let's see how it goes, HF21 should make things more interesting for everyone.