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RE: Markets Recovering - Green Thursday Which Is Still In Red
I got all excited when I saw that many coins were showing signs of recovery -- then I looked a little bit closer at the details of the downfall over the last week, and there were quite a few 'mini' recoveries before it went down further again. It's hard to say what it's going to do in the near or long term, but right now, I'm just excited to be earning STEEM a little bit faster than when it was $8USD/1STEEM a few days ago.
technically, we're still in red, but it's good to see $4 for a STEEM, instead of $3. But then again, I guess it depends from which side of the STEEM you're looking at it :))
I'm looking at it from $0.5...which is what the price of Steem bottomed out at after many months of decline..
Very interesting. At what point did STEEM hit $0.5? I'll admit that I'm pretty new around here so I may not have been around when this happened. I know it went from $8 to about $0.07 a while back, or something like that -- so I understand that such low values are certainly possible.
June of 17
If I recall the value of my account went from a couple of hundred dollars to over twenty K....in the space of a few hours...
I got preettty drunk that night...watching it gain in value.
Didn't sleep for two days...glued to the computer..
wasn't it $0.1? Like in 10 cents?
my bad...I left off a zero...it was five cents..
there was discussion about what would happen if it dropped to less than a penny
all the data is on the blockchain I presume, for those who can access it.
I used SteemWhales..but that site hasn't been updated for a month.
Definitely. I watched David Pakmans interview with @aggroed last night, and he made a pretty strong point that, the last time BTC was at the $11,000 level, STEEM was at $0.91.
BTC has been around the $11,000 point again in recent days, but STEEM seems to have stabilized and rebounded (for now) hitting a low of ~$3 I think it was? Which is about 300% it's value last time -- seems like a good sign to me.
Based on what you are all saying about where prices were before relative to where they bottomed out now (so far), I like what I'm hearing. To Aggroed's point made last night, the base is shifting up. As much as I would love to buy some $1 Steem, I'm more inclined to see it rise.
Pun not intended. Okay, maybe. :)