The price of Steem is down terribly the last few days.
It should be noted though that there's little evidence of a Steem dump. Like most cryptos, Steem is primarily traded in pairs against BTC. The Steem/BTC chart on Bittrex is a complete non-event. People are fleeing Bitcoin. It would be nice if they fled into Steem, but alas it can't always go our way.
Poloniex is not that different. It has more volume overall and has gone a little lower, and it's complicated by the fact that withdrawals and deposits are not possible. Still, no real story here.
I think steem has proved that it has value. I know it sucks for investors that the price is low, but in the long run it's better that it's undervalued while the markets are volatile.
I was invited to steem by two friends, both of whom are investors and I've built up from 0 as a minnow, so I see both sides of the coin.
Steem needs investors that believe in the platform. I'm not earning enough to make a living, but I've worked hard and in time I could see that becoming a reality. If steem is overvalued it brings in the kiddie investors - buy, sell, panic, overreact, fomo, fud, etc and that will hurt the platform in the long run.
agreed @deimus! thanks for being balanced and seeing both investor side and minnow side. steem needs more talk like this!
I'm in the process of doing my first 'Buy teem" right now. Just waiting for my price to be matched. This is nerve-racking to say the least.
Good luck!
hey @demotruk, hope all is well with the amazing car! Did you manage to pick up more cheap steem? one of these days it will visit these low prices for the last time, never to be seem again!
I am working with the #promo-uk team and @stephenkendal to promote steemit on a UK tour around 22 universities during freshers week! As a promonent UK steemian, we would like to ask for your support and if you have time, even to come and join us for whatever time you can spare at your nearest university!
The tour started in Manchester today, does a trip around the country and ends up in Lancaster on 07th Oct.
THIS link will show you the tour route, meeting times and meet up locations.
THIS link shows you our success around Manchester today!
It would be really great if you could make it to one of these promotional events to have some fun talking Steemit and letting people know how great it is!!
Please reply to this or contact me in steemit.chat if you are interested!
I would really love to, but unfortunately I'm not actually in the UK. Getting to the UK won't be easy in the next few months, I don't have an opportunity to take time off work other than for Steemfest.
My plan is to build my vote back up, my Steem Power being delegated away now, and hopefully after December I'll be able to commit more of my own time to promoting Steem as well as a larger vote for others doing the same.
Ah, situations that life presents!! Well, I plan to be at steemfest, so I will catch you there! are you bringing blue paint for branding the taxis in Lisbon with the steemit logo? ;))
I bet some taxis would have no problem with that if they were paid...
@demotruk before I laugh first ,, hahaha,
I'm losing a lot these days
I keep it in the steam, but a few days down very quickly.
thanks and good post
that awkward moment when steem prices are lower than SBD :O
LOL, that was how it was for most of the time I've been here!
ooh noO!!!
LOL, ok I guess one person might panic :-P
The whole market is red now is time to load our wallets with many alts
This!
theoreticalupvote (recharging)
Steem has back to their track today. No worrie my friend. Steem is better! Regard from Aceh. Indonesia.
Seems like the perfect time to buy steem ,in my point of view ;)
I'm just a little bit raging I changed my SBD into steem yesterday when the price was about $1.15.
I actually bought steem yesterday... I guess some people still panic and dump, more chance for us to buy cheap... Its their lost...
These temporary sentiments are not gonna change the love for steem and steemit. Bitcoin will restore its value soon and China will regret its decision very soon.
@demotruk its really intriguing data..excellent submit preserve it up. Resteemed.