Steem trading at 1.21 USD as market dips due to possible Chinese ban on exchanges
Hello guys,
We are back here again at the uncertainty of Chinese ban on exchanges with market reaction taking a dip into red numbers. In my opinion, this might negatively impact any Chinese based crypto in the near short term as well as possibly long term but established cryptocurrencies are just giving us a buying opportunity as they are way below their potential levels. I am a fan of few projects with huge upside potential with one being Steem as of now being traded at 1.21 USD. Great post was written by @fyrstikken (Each Steemian can own 714 STEEM to their name TODAY, and then we have run out of coins!) some 3 days back where he gives his reasoning why Steem will reach 1000+ levels in years to come. That certainly is a very high target which might or might not be reached. That price seems kind of high and insane right now but if/when steem goes mainstream it certainly is possible. Nevertheless, if it only goes to 10, 20 or 30 USD the profits to be made can be quite enormous. However, the real wealth building starts if you add the rewards from your posts, powering up and letting the compounding effect to work on your behalf. There is no other crypto that makes you money that I know of besides NEO and its "dividends" in form of GAS but considering the Chinese ban I would definitely stay away from that one. The choice is yours but do not get left behind. Please trade at your own diligence and proper research. This in in no mean an investment advice.
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Even if they ban them whats stopping someone from just using another exchange not based in China to buy more lol. It literally makes no sense at all and the market honestly does not care that much. In fact I am using this time to pick up massive amounts.
Love your way of thinking:).... Like I say, buying opportunity... especially for those that are not in yet!
Although it probably has storng grounds. I dont think it will happen, I dont even know how many times they have announced the ban on cryptos?
buying opportunity:)
I can very much agree ;)
Crypto is the future and everyone knows it...... don't worry it's just temporary
I am not the one that's worried, I am not the one that is selling:).... adding the dips:)
what app is being used for your screenshot?
I have samsung so I just swipe it with my hand....
This isn’t the first time China is banning exchanges. Back in 2013, bitcoin dropped more than 50 percent as the government asked BTCChina to stop accepting deposits in Chinese yuan. The government changed its mind later on.
Never ending story and market manipulation which for regular people like me just gives buying opportunity as the market dips lower...
i thought it would rise so i did bought some steem :/ now its going more lower @czechglobalhosts what to do sir ! :/
fb and google both managing to grow more while being banned in china, then bitcoin and other crypto can still manage to grow without china.. beside I hear rumors of Japan buying bitcoin and also investing heavily on mining technology, but all these time it was banned in Japan before.. so I wouldnt look at regulations but my sight is on the technology itself
They cannot stop crypto. All this speculation is for nothing. They are just trying to intimidate. They see the future of crypto is bright and this will happen when more governments try to get their piece.
Thanks for sharing this..
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