Why Steem will rebound to $4 in the next weeks.steemCreated with Sketch.

in #bitcoin7 years ago

It has been concerning to see steem make a 60% drop in such a short time. We also see the bitcoin drop has not been as dramatic. What does this mean to steem? Is the entire platform in question? The answer is yes. While initially Steem shows many promises it is nothing new. There are already similar platform such as Patreon and Twitch. I sold half of my steem dollars at $6 and made a good profit, but I don't see any future opportunity for Steem. However, in the next 2 weeks we will see the price go back up $4, which I'm preparing for a mass sell out. (this is a parody analytics )

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For future viewers: price of bitcoin at the moment of posting is 7521.10USD

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