Bull trap or Bottom? Thats the question here! Some say the market goes down until the end of the month because of BTC's Fork, others saying the Bottom is reached and the correction is over.... I am not very sure where we are today... at least Steem price is up :) So whats your opinion? I think there is still a lot of fear about BTC and people are cashing out to FIAT until the Fork is done.... on the other hand would you cash out right now after it went down so much? I HOLD, sold nothing at all....
The price will drop till the end of the month. This is just a rise after the weekend but it will be red soon enough
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Thats my opinion too !
i am looking for monthly active user. Any idea?
https://steemit.com/steemit/@knircky/looking-for-active-monthly-user-stat
Upvoting for visibility
https://steemdata.com/charts
https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-july-17-2017
Thanks for the report. I will be holding. I've seen this story before!
And I guess it is not the last time we will see it :)
HODL Steem but we have not seen the big pull down in cryptos yet, I see it coming in the next two weeks, get that cash ready to go in :)
yea, fasten sit belts at least until 1st of August (then if bitcoin hardforkers mess up.. god save us all, lol, but if they don't there will bull time again)
Guess time will tell...
From an elliot wave perspective, BTC is very likely not done with the correction and it is a bull trap. So STEEM is likely in a bulltrap, too...
I think against common belief that the fork will push everything higher.
Actually, I also thought this might be the case. It's possible that the market might act contrary to expectations and go down still after Aug 1st. This is more in align with contrarian thinking.
I seriously hope it is not going down much further after Aug1. Because if this is not a corrective double ZigZig but an impulse, I have to favor targets of 1160 to 660$. That would wipe out 80% of the marketcap. Not good.
I actually don't think it'll reach $1,160. I think even before it hits that price people would just start to buy in since it would seem to be a good value.
This is what my indicators also tell me in weekly timeframe.
What exactly do you mean? 1160 or just bulltrap?
I wouldn't call it a bulltrap rather than just shorts reloading before final push to find a proper floor to this bear market.
Please read my last article. The situation has changed. There is not need for a new low anymore. This is an impulse wave so therefore no bull trap is expected anymore...
Always link your article if you want it to be read. Monthly indicators still high, wouldn't be so sure myself.
I just moved all my BTC into altcoins rather than holding through the fork. I'm not convinced the miners and competing interests are willing to loose a little short term to gain alot long term.
In the event the competing interests can actually get their shit together, history has shown altcoins will generally rise in the wake of a rise in Bitcoin, so it would seem altcoins make more sense than BTC for the moment.
My $0.02 anyways.
Thanks for your 2 cents :)
it is very scary market
Thanks for your up date. Always watching for it.
we're on bottom
Thank you for the daily information. :)
Down on new accounts, huh? I bet that number doesn't recover to 2,000 per day for quite some time.
Wanna bet?
I'll make a little bet for fun. What are you thinking?
I suspect after the drama of the 1st resolves there will be a rush back into crypto. In every past rush, major exchanges have gone down and I haven't been able to buy on the way up. I'm just going to HODL.
Just HODL :)
Buen post! Visita mi blog cuando tengas un rato libre!
Bendiciones
Te voté!
Gracias
holding LTC and STEEM until 1 AUG!
Holding I guess is the best option, LTC is for sure a save option
nice sharing about steem. i think the pricewill increase in the soon
Youre right. As LTC a few moment ago succes. Bitcoin is really succes too. That bad issu about hard fork bitcoin. I really sure. Bitcoin is the king of crypto forever.
If BTC's Fork is a success everything will go up to the moon!
What if it not a success and bitcoin goes down? will other coin follow and go down again?
We will know it soon enough....
If it's not a success, say hello to the ice age. For years.
I HODL also.
But also not buying atm.
So nothing left to do except riding it out
True...
hold and wait for glory!
Yes!!!
It is difficult to judge what will happen after the HF of #bitcoin but I am holding onto it. Trying to be patient and see if my patience pays in the end.
But it is really nerve breaking :(
Agree with you on the nerve breaking ...
Madness in polo .
I think it will still be volatile until the BTC hardfork on Aug 1st. I'll hold everything, and see where we go from there ;)
Guess thats the only option anyway, selling at the moment makes no sense at all....
Hehe, that's a good point! ;)
thanks for help.
no problem :)
I think this is just going to be another bull trap.
This is probably just a resurgence of investment from the cheap prices but as the days pass the markets will go back to their downward trend until the coming months.
Thanks for the update @elyaque
Looks like the most of the people are thinking the same way, market goes down until the end of this month....
I also think the down trend will keep on until 1st of August, when there is Bitcoin fork. Thereafter (if hard forkers don't mess up too much with bitcoin) the prices will soar again. Sit out ot HODL (maybe now it' too late to safely sit out though, so just HODL on).
$1 would be a very pleasing floor for STEEM, and there seems to be decent support present around $1, but I still feel that the prices will shrink on the way to August 1st.
A successful hard fork for BTC would bring optimism to the market, and we might see prices surge, but a failed hard fork would send us to the dark ages for at least a few years.
I'd be lying if I said I wasn't nervous.
All depends on BTC.... the closer the date the more nervous I am....
Yea, come on steem.
Great update indeed , thanks for sharing.
See my latest blog pos for reasons why you should buy and hold steem
Actually, it's been hard calling a bottom on this market. I would prefer it's a bull trap so I can buy more but it actually might be a bottom this time. Let's see in the meantime. I have some funds left just in case it goes down again.
Yes, I missed the bottom, but bought on the way down anyway. :)
Same here but I wish I had some more time to buy.
Congratulations @elyaque ! You've been featured in my Daily STEEM & SBD Price Report !
Thank you for your post! Upvoted as always :)
in how much time it can recover ??
BTC Fork is key, just HODL and wait until the 1st of August :)
Holding, waiting for payday to put more money in. :)
Its only a loss when you press that 'sell' button!
Guess things are more clear by that time :)
Agree with HODL! Think we have not seen the very bottom just yet :)
I guess Bottom is in a week or so....
I Hodl everything too. Market will be ok. Fear is the worst advisor :)
Agree :)
thanks for posting everyday
you are welcome :)
Thank you for the report
you are welcome
Still good stats, hope we won't have under 500 accounts daily
thinking bull trap
Activity right now..
Activity when total accounts was almost half of the top.. But price at $0.07.. People need to be more faithful :)
True!
Ironically one of my last posts were about this very issue of people leaving when Steem goes down.. I suppose it's just apart of human nature at the end of the day for most people..
I was impressed when scrolling through your feed, and seeing that you stuck with things through thick and thin. Really inspiring! I wish I was on Steemit at the time too! Respect.
It's now up to $1.12
Nice Pic :)
Thank you! Its from Coin Telegraph.
Yip, it is a roller coaster! :)
This post received a 1.8% upvote from @randowhale thanks to @elyaque! For more information, click here!
I got some more Steem and Bitcoin on the way down, but missed it at the bottom. I am buying more with all the big dips. Steem for ever!
https://www.steemus.com/index.jsp
did you use this?