The last time Bitcoin bid to buy Steem Numbers were this low the Steem price was $0.08 cents

in #steemit7 years ago

🐒 The amount of Bitcoin bid to buy Steem at Bittrex and Poloniex this morning when I took this reading at 7:00 AM EST and the combined figure was only 70 Bitcoins and the Steem Price $1.21. The highest combined figure before was 932 Bitcoins bid to buy Steem and Steem Price $2.60 on June 7 , 2017

🐒 The lowest combined figure Bitcoin bid to buy Steem was 60 Bitcoins and the Steem price was $0.11 cents on March 2 , 2017

🐒

SUMMARY
The last time the Bitcoin bid to buy Steem on Bittrex and Poloniex combined was this low the Steem price was $0.08 cents and that was on March 10 , 2017

DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .

Please voice your opinions in the comments below.

Sort:  

SUMMARY
The last time the Bitcoin bid to buy Steem on Bittrex and Poloniex combined was this low the Steem price was $0.08 cents and that was on March 10 , 2017

Interesting, but what could that mean? I don't see you mention what could happen now, do you have any ideas?

I was kind of thinking along those lines too. Is it going to be parallel and do the same thing?
I have been watching the price of steem for last month or so and it bounces between $1.20 up to $1.50. It just needs to break through somehow and hit the next level.

Thanks for the information. Hopefully will improve

so is now is a good time to buy steem? sorry i don't really have anough knowledge to understand the point -thanks for your insight and experience

As a long term holder, certainly the pullback in Steem is strong. There is support at $1.03 so that should act as a floor. Steem was at $1,60 the end of last week.

Long term holders usually look to add to their positions during pullbacks in the markets.

I am kinda lost here..What exactly are you saying?
Meanwhile get upvote and followers with no stress
See how:
https://steemit.com/steem/@mickyscofield/need-free-upvotes-and-followers

Thank you for sharing that. I am looking to add more steem to my account. I am waiting for funds to clear. It is nice to have a pullback while waiting to load upon more powder.

I am looking for the $1.03 support to hold if it gets that low.

👍👍👍👍

very interesting thanks or sharing

I think it's because you still can't get Steem or SBD out of Poloniex (not sure about Bittrex) and therefore, you can't actually do anything with the Steem or SBD once you've bought it.

From Poloniex:

STEEM is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the STEEM team. Any updates must be tested and audited before enabling.

i cant believe i steem was low as 0.11 cents before. I knew about steem at 1usd.

Thanks great share!