STEEM taking a nosedive! What's going on here, and what does it mean for our future?

in #steem8 years ago

Noticed STEEM coin taking a rather sharp dive lately, as is the SBD...
https://ipfs.pics/ipfs/Qmc6XGgBwt9oGxw3NV4BTYmTRjCDDwntR71tAPjLW9qRTZ

https://ipfs.pics/ipfs/Qmd3EoprZ9neFoRGLrw6RYmWakMDbhnE5Bv5rGQ3TMAzTE

I'm no expert here but I wouldn't mind someone explaining it...
Is this the perfect time to buy in or should we be jumping ship too?

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Buy in!!

That's pretty much why I'm asking, a lot of people are saying it's a great time.
I actually think the market pricing is mainly coz it's being made and sold out of thin air so to speak.
A lot of cashing out lately perhaps?

I don't know, I have been watching it for a couple of weeks and it has bounced up and down. Depends if it carries on down!!!

Yes I think it is the cashing out, I even wrote a post about it. Too many people selling STEEM and not enough buying.

Success in crypto is all about dollar cost averaging. Any other investment strategy will cost you.

Thanks for your reply. I'm very interested in it and I watch it a lot.
Just put this up to get people's opinions of what's happening here, and what they'd do possibly...

you have 160 SP, what kind of jumping are you to make?
Your faith is shaky, my friend...

You don't know if I'm waiting to invest a buttload of coin into this, or not?
I was asking for advice, not judgmental snooty elitist attitudes!

is that what I did? I was just wondering what kind of ship do you want to jump. Forgive if I came as " judgmental snooty elitist", certainly not my intention.

So coming here and looking at my wallet before passing judgement, and taking a shot at me for my low power, isn't being elitist...
Mmmmkaaaay! Good luck with that "persona" and shit...

This is how i look at it, it is a natural drop that can enable many more to buy steem cheaper and power up for the bright future this platform can bring.