I think if we continue like that we will see $0.001/steem very soon, We shouldn't lie to our selfies.
If the situation continue like what happening now, this project will drown.
I have bought 10,000 Steem 4 weeks ago with $30,000 , I have just withdraw them to prove my investment (check my wallet history ), But now they worth only $11,000 !!!
$20,000 ! about 60% losses !!
Who's toke my money ?
I think my money goes to a user post who never bought steem before and maybe he did't wrote any useful content, but just because he Is famous before he came to steemit.
I have Near 1000 steem power and look to my last 3 articles only few cents!
Sleeping Early Vs Sleeping Late
What's make any one now want to buy steem ? or power up ?
Any one can answer me ?
You are holding steem outside of steem power? That is dangerous in this inflation period. Coin count increasing 0.9% a day.
You are right it's dangerous but why this mass failing ! there is no chance to sell with good price.
I am talking here about the entire situation and the future of SteemIt
Do you often invest 30000$ in something you don't understand?
If I'd gotten here all of 3 minutes earlier, it would've been my post here that you found, rather than the reverse. Same exact thought.
before the whales issues the situation was great.
but now it's totally different.
BTW you have Approved that I did't understand from the be gaining that Steemit have no future.
You are exactly the type of investor I was speaking of in this post: https://steemit.com/ponzi/@gmalhotra/2aqyhg-ponzi-vs-stocks-vs-bitcoin-vs-steem-my-opinions
Scroll down to the steem portion. Sorry for all you money loss!
Great article
A true investor knows this is a great thing. The whales are trying to buy dirt dirt cheap before it starts to really take off. Mark my words. Buy low Sell high is the song we sing :)
Steemit is still at 5 times what is was at the beginning of this thing . We are at the low. The charts are looking up. If you don't like this you can give mark zuckerberg all your up votes for free I Love Steemit !
@andre-ager I love steemit as well. I post like crazy, but at the same time I'm watching the Steem/Btc chart and we are clearly in a bearish pattern with the next target of .001 in sight. I'm not going to try and catch a falling knife. Once I see the price stabilize and turn then I will look to buy in.
Obviously some kind of change to the platform that brings in $$$ will help STEEM price explode.
I think 1.00 is the low . Lack of liquidity drove the price way up and now it is settling in. The next low from here would be .39 but I think it is stabilizing here
stabilizing !!
actually I don't see any stabilizing here.
The price is just going down and down without any resistance
@ashold882015 agreed we do not have alot of price history yet. I actually posted that comment for @andre-ager to look at based on his price talk.
Please look at the charts in my post today. I've been charting for over 10 years as an equity trader. Steem just confirmed another bear flag pattern today commencing another leg lower.
https://steemit.com/money/@scaredycatguide/steem-btc-downward-pressure-continues-with-another-bear-flag
You are right about technical analysis But this is not a 10 years chart .
So fundamental analysis still leading any move.