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RE: 😎 Why I Love The Current Downtrend In The Price of Steem 😎

in #trading β€’ 7 years ago (edited)

Buying the dip is a good trading strategy and will work well with STEEM since we already dipping hard and well in the past few weeks. And with the two major announcements you pointed out, we could pick up and maybe this time just so high everyone want to jump in.

In technical trading, after every downtrend, with a strong support comes a trend reversal that suggest price to go up. Steem really need support and if it find it, with the two announcements coming, we might be up for something good.

But actually i think steemit needs more investors than users but we have people helping to get more users than investors. There are many investors out there wanting to get into crypto but don't know where to actually put their money. How do we target such people and make them realize the potential of steem that's about to be unleash?

STEEM price is about to pick up and this is not FOMO, FUD or a professional advice, this is just the opinion of a 19 old steemians

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well, you've got a good point of view. When it comes to investors, SMTs will be absolutely vital to that strategy. Dozens and dozens of business are going crazy and asking about it. Once ICOs start happening, this is where we will reach all time highs in my opinion.

Β 7 years agoΒ (edited)Β 

Yeah SMTs are going to play crucial contribution to the mooning of STEEM and the discovering of steem potentials by big institutional investors. And that's one of the reasons many steemians thinks they are game changers anyways.

The only scenario i can imagine that steem will not grow is if the cryptocurrency industry doesn't grow or stop growing. But the way things are moving now, it suggest that the cryptocurrency industry is sort of like destined to grow, so for sure STEEM will pick up too.

well, you've got a good point of view. When it comes to investors, SMTs will be absolutely vital to that strategy. Dozens and dozens of business are going crazy and asking about it. Once ICOs start happening, this is where we will reach all time highs in my opinion.

True. I believe the same. With the news of SMT investors would rush in. I am eagerly waiting.