Will Steem give some promising results
The markets are at a high and the BTC touching it's all time high of 40k is a big move. All the other Alt coins have not yet gained their full momentum but they have started picking up slowly, some are going at a slow pace and some are moving up very fast, like Cardano, has gone 4 folds almost, touching .30 from .08 in last couple of months. I find Cardano a very promising coin.
But the question comes to Steem, will it perform the same way and give some good results. Though till now it has not really shown any progress. It was at .18 and then tumbled down to .15 and now again slowly stepped up to .18, so there has not really been an upward movement here. If it would go with the trend, if nothing more, it should have been somewhere between .30 and .40. The BTC value of Steem has dropped down hugely. We had good times when Steem crossed 4$, I am thinking will we ever see that time again or that the whole dynamics have changed now.
What do you all think, if BTC touches 100K, will Steem price go upto $1 or we may not even see that. It is all very unpredictable now, and possibly this is the reason why investors are not getting confidence to invest in Steem, and those who have are possibly withdrawing and looking for other options.
I am in 2 minds, I am contemplating, if I should convert some Steem to ETH or some other coins. I need suggestions and advice. I understand that no one can predict here with certainity but then this is the chance to do it, if it has to. Else may be 2 to 3 months down the line, all the prices would be at a very different level.
I am feeling strong about ETH and ADA, both of these look very promising. I am already investing in these then BTC now, because I feel that BTC price is way too high and in this bull run now even if it goes to 300K, which would be too much to expect, but still the returns will be 10 times, whereas these other coins may give a higher returns then 10 times.
Hopefully Steem price should start following the trend, else it would be a big disappointment for everyone invested here, and moreover it will lose all it credibility for future also. I know many will have a different opinion, but then one should consider how the market is moving right now and against that the progress of Steem.
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Wonder...If Steem will ever be the same again...the whole dynamics has changed over these 3 years...some pulled out at the right time and earned big...some like me kept wondering as to what to do !!! Lol yeah...its still the same sense for me! The Queenbee flew away while the drones kept working hard !!! OMG ! That's so true !
Cheers!
Yes, I remember when I had just joined at one point Steem price went upto 8$ but sadly that time I had no balance and I had all started keeping a long term vision, so I hope now that long term vision creates the magic as expected. Anyways I am planning to convert half of my Steem to some other coin, probably Cardano and keep half, so that even if one does not work, I can gain from the other one. I just hope for the best for all of us, who have been so patient all this while
To be honest, initially, I too... do had a billion aspirations, but gradually realized its crypto and highly unpredictable and will always be...for sure! & then the other factors within...(you know! that !!! )
Only a few would get benefited...always...the crypto geeks..."rest the drones"...nature's principle always applies!
The hard fact would remain that the BTC is supreme and will remain forever as i envisage, for various reasons...& when I had just started it was $2485 and now it is $41259.24 (while i am writing this!)...interestingly, I was super ignorant about BTC then and even still now! How's that ! LOL !!! :)Probably scared of it ! yeah !!! :)
So now, for me the most relevant thing is to be socially present here ! observe, learn, assimilate and probably implement "someday" in the near future! though steem has climbed to $0.22 since your post !
Cheers!
Yes, some movement in Steem and feels good to see it moving along with the rising market. You have no idea this year has brought me such a major loss, I lost all my BTC, just don't even want to think of it, and it happened at a time when the market started moving up, so now I cannot even buy as much as I had it before. I had got it at an average of 2k and now 40k+...phewww....anyways with whatever little I have I can just hope for the best.
it is normal that these doubts arise especially if the markets are up, steem is more than a currency is a great project that proved to survive 2017 and that today is an excellent price to buy I am sure it will reach $ 1, as I am sure the BTC will fall in a correction as spectacular as the rise it has.
lol just popped in to see whats going on here...if it were me I'd put it in the place I can't talk about here :-P
I really didn't understand this :-)
Starts with H. 4 letters .....
I am clueless when it comes to investment. But just a thought. If ETH is so high now, surely it is not a good time to convert? You won't get much for it. You will get more ETH when it is at a low.
Whatever your decision is - good luck. As I said, I am not the most knowledgeable when it comes to investment.
Yes, I will wait for the price to go down a little. A lot of uncertainty for now, we need to wait patiently and see. I am hoping there is one downside in the market to make some moves. Let's hope for the best
Hi @nainaztengra although I'm not an expert in crypto space with the recent bull run I've been having such thought as well and I decided to convert some of my token to ethereum although did not convert my steem since I'm not having much STEEM on my wallet, check the maths if I was having over $1000 Worth of steem I will gladly make some conversion of $500 to ETH although this is my personal point of view.
Stay safe.
Yes, I guess it's better to keep it distributed. I am planning to convert some part of my Steem, but yes not full because this market is very unpredictable and you never know when steem will get the pump, but yes then you need to be powered down also to hit the nail at the right time.
I guess this is one of the big questions of a market based token economy. When and how will certain crypto assets (coins) rise as opposed to others. We all assume and are told that it has something to do with market demand based on the value added of a product. So I guess the answer will come down to how much value Steem holds for us and for others. The price will rise when demand rises, the more people that engage here I think will pump demand. I don't think we are there yet. But I think that time will come. Right now I think most people see BTC as out of reach and so they might be looking at crypto but don't know how to activate.
Yes, that is true, the more engagement here is going to boost the price to an extent but that's not a major driving factor for the price. The demand has to increase substantially for the price to boost. In the last 2 days the price of Steem has boosted up a little and that's a good sign against the complete stagnancy. Thank you for your thoughts @rasbas
We all know that crypto is very volatile. I remember when bitcoin crashed and many investors started pulling out their fund in 2017.
Today, it's another story. None of us knew Bitcoin and ethereum would go this bullish now, but it's happening. I can't guarantee that steem will moon anytime soon and vise versa, however, it is advisable not to convert to ethereum, now that it is on the high side.
Though steem is not moving as expected, it has its huge advantage as well because curation reward is a benefit. At least, the locked steem keeps increasing, and that's a profit.
SBD hits $3.25 today. Steem can also surprise us just the way it did in 2017. Let's just hope for a better steem bull run. If you like to invest in other promising altcoin, why not, but don't lose hope on steem. Nevertheless, don't put your eggs in one basket. I hope you tap a little from my sermon. 😀
Yes, I am not making any hasty decisions and also that I will evaluate other options also. The last time also Steem had one good pump and suddenly it touched $6 and I am hoping to see some similar trends, but then that's all is expectation, we do not exactly know what is going to happen. And I am going to be safe, after all it's my 3.5 years hard earned staked, can't just be careless or lose with it.
That's cool. Let's hope for the best.
Hello @nainaztengra.
As you say the market is at this time very unpredictable, that's why I in particular prefer to continue waiting for the steem to increase, meanwhile I continue to gather steem, is an investment that I consider long term, the best thing is that I'm getting steem at a low price, when it rises for sure I will get good profits.
Yes, it will for sure rise to some levels and give a reasonable profit. I am also going to play safe, may be some part of it I may convert to Cardano, as that is also one promising coin and way ahead on the charts
It does not seem to raise the price of the steem considerably, however everything is a question of patience and waiting for a bullfight in reference to its price. Greetings and thanks for sharing.
With Sun backing Steem, its likely that the Asian markets will continue defending Steem and supporting it financially. Many English speakers left to HIVE but I am positive that the English community will bounce back.