Steem and the SBD are just waiting around for Bitcoin to break out. This will happen soon. If you are looking to buy STEEM or the SBD now would be a GREAT time to do it. If I had the extra funds I would transfer them to STEEM. I am still looking for a $3 STEEM price this month, JULY. I believe all the crypt's will be taking off again here shortly. STEEM is priced so low that its a win/win in my honest opinion.
(image from google imaging). I added the words.
I am still pleased that the SBD is about at par once again with STEEM. I would like to see the SBD rally again, which I do believe will happen. There is an article out from JUNE, 2016 that I fully agree with. Since then the price of Steem has escalated upward. Even though this article is a year old it shows you how much it has grown in popularity and price in a years time. This article is worth a read if you are looking to buy STEEM.
Here is a quote from the below article. Cheers
"“We have worked so hard to perfect Steemit and give anyone an opportunity to make money by creating and curating good content. Based on reactions from experts and testing from our consumers, we knew that the reception would be strong, but Steemit is so much further along than where we thought it would be. In about a month, the market cap of Steem has increased two and a half times, page sessions have jumped by nearly six times, and the Steemit Blockchain is now seeing twelve transfers, posts or votes every minute on average. These are phenomenal numbers and we are excited that our growing community is engaging in a fun and potentially lucrative social medium.”
Good advice!
Thank you much.
Nice pic
There's just so much you can buy. This past week I took advantage of the Bitcoin & Etherium drop to rack up but I forgot all about the Steem! Now I'm trying to rack up on cash for Steem & hoping the price won't go up as fast until i buy some...... :(
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http://www.coindesk.com/press-releases/steemit-social-media-growth/
I'll take the other side of your trade. I'm tracking the bitcoin price using sentiment indicators, as price is a function of what anyone is willing to pay at any given time. And that is always determined by levels of fear vs greed. Bitcoin is going to trade below $2000 this month, probably closer to $1500. I imagine STEEM breaks below $1. A year from now this site might not even be here. That's how big of a bubble the cryptos are.
I hope bitcoin does go below 1500, so I can buy some more. Looking forward to the $5000 bitcoin before Christmas. I hope so anyway.
You forgot to add >>>"...unless it gaps right through $1500 to $1200. Then I'll be shitting my pants about the Bitcoin I bought at $2500." :-)
Interesting point of view. My eyes are on the U.S. Dollar in breaking confidence with the World. The economy is in such shambles I can see crypto's going higher, along with commodities. We shall see. Your reasoning also makes a lot of sense. I'm just a skeptic of the U.S. Dollar trying to pull a bunny out of a magic hat. Take care.
Thank you for "solidifying" my current view that teh dollar is about to stage a strong reversal. :-) It is one selloff away from issuing a short term buy signal by my indicators. I will likely post my buy on Mon. If you go to my blog you will see I am also following silver since you have an interest there. I currently am short the U.S. exchange traded ETF SLV. I think I posted the price target SLV must fall to before I would consider it a buy. If not here it is >>> 15.40. SLV closed at 15.71. I follow most of the markets. If you think the stock market is a bubble then you are correct. Trust me. I'm on it! :-)