Nicely done, I think your analysis posts are improving each time. Level-headed approach. I think the probability is high that powerdown supply increases.
But steem is a much more attractive buy after the hardfork (long run). Bulls will be able to get long knowing that the supply won't hyperinflate and the power downs won't increase by 3% plus per week.
Starting to look a little more attractive on the charts.
Anyone's guess, we'll have to see the markets reaction once supply comes in. Exciting times!
Indeed, looking forward to seeing how this all shakes out! Since we've seen a nice little bull run up to the hard fork, my prediction is we'll see a sell off afterward in a classic "buy the rumor sell the news" scenario. Which would make me happy as I can then gobble up some more cheap Steem.
Or I could be wrong and the price could keep shooting upwards after the fork. Which would make me happy as I've accumulated a decent sized SP position already and plan to hold long-term. So it's a win-win! Either way I'll probably buy more Steem after the fork.
Time to grab my popcorn and settle in...
The way I see it, price went up with a limited supply. That changes with powerdowns. The changes are definitely bullish in the long run.
But holding liquid steem is also more attractive. I wouldn't be surprised if the power downs were held as liquid steem and not sold. So many variables, popcorn time indeed!
Wait a second...
Are you saying that my first posts sucked?
Biiigg time!! I could barely read them.
Just kidding :p
They're getting better and better... Honing of the glorious analysis skills :)
I've been out of practice for a few years and I want to keep it fairly easy to follow for the average, non-day-trading user. I might throw in something thrilling once in a while - like talk of a V bottom, or head-and-shoulders, or even Williams%. How exciting!
Lol, stop the madness!