Steem Dollar OVERSOLD - Are We At The Market Correction Bottom?? Things Look GREAT!
With the price of Steem Dollars at recent all-time low, and way below the price they should be tethered to ($1 USD), it seems that the market has oversold. Does this imply that the rubberband will pull us much higher, as shorts close, and FOMO strikes the hearts of many? Perhaps. Does this mean that we're at bottom, or close to it? Likely.
Let's explore the debate together, Steem friends, in today's early video!
Remember to Follow and hit Like, for more!
Join The Crypt0's News Group:
https://www.facebook.com/groups/crypt0snews
👍 Thank You Very Much For Watching!
😃 Please Remember To Like & Subscribe!
►🌐Find Us on Steemit (Decentralized Social Media Blockchain):
►🕹Crypt0's Live Streaming Channel:
💻FOLLOW US HERE:
►Instagram:
►Twitter:
►Girlfriend's Snapchat
minamarie0012
►Crypt0's News Official Site:
I think the price of cryptos will continue to increase until there are new people joining it.
LOL. Reddit will adopt this model soon for sure.
Best,
fefein
I wouldn't count on this happening, dinosaurs have a hard time adapting
Agree I don't see Reddit doing this. While I'm spending more time on Steemit and actually prefer it to Reddit I'm still wrestling with the question of whether money and the ability to get money corrupts everything ie is Reddit a better place for consuming content because the focus is content and not monetary gain?
Have you heard about Minds or Gab? I think they are trying to copy Steemit, apparently minds has a way to earn I don't believe gab does.
Personally, while seeing the little dollar signs next to each paragraph might make us feel greedy, I really do think that having them is good for bringing in new people into the STEEM market. No Joe-shmoe is going to give a crap about the number of Steems he gets with his posts... until he adopts into the community. And by that time, he's hooked.
Even though content creators on Reddit are rewarded directly with karma only, you think there's no monetary rewards indirectly to be gained in getting your content to the "frontpage of the internet?"
I'm not saying there's no benefits but getting a meme to frontpage isn't gonna do much. If you can write a great post, provide a ton of value and subtly drop an affiliate link you can make a bit of money but honestly I don't see majority of the content being stuff that is monetized. I suppose growing your account allows you to have more reach but I don't see people making money off Reddit as easily or in the same ways as Steemit.
No way.
That train has left the station.
Only steem to be seen.
Nokia failed.
Kodak failed.
Myspace failed.
Will we see the addition of Reddit and maybe couple more giant social media platforms here thanks to Steem and platforms built on it? (SteemQ, Steepshot, Steemit, Zappl?) What a day that would be! So the list would continue like this.
Twitter failed.
Youtube failed.
Instagram failed.
Medium failed.
Facebook??
One can dream ;)
Is there a blockchain based search engine already?
... then add google to the list.
the rules just have changed.
Steemify it!
What will happen to Steemit if that happens ? Will it become history ?
Probably
This is exactly my sales pitch to everyone I know.
Nice
I've been loading up SBD but when to switch my SBD to STEEM POWER that is the question?
I've been doing the opposite...
How do we know whether to buy Steem Dollars or Steem? Is it 1:1 so I just buy whichever is cheaper? Also stupid queestion I'm sure I could find this online but I'll ask anyway, does 1 Steem equal 1 Steem Power or is there a conversion there as well?
Liquidate your 401k for cryptos.....
I seriously just did this!
Its going back up today and tomo
and it did btc +500$, eth+90$
Waiting for aug 1st so the btc can take a beating and steem can get the deserved rep. Things are going to get really strange really aoon. Buckl2up and wait for the ride to the moon :)
Cheers and much love from me □3 Goldie
Steem and SBD should be the go-to cryptos when others tumble!
SBD Isn't a crypto
What is it? Im a little confused on the distinction between SBD and steem power
I think @rawpride is saying Steem is a crypto Steem Dollar is more a token just for this site, I'm probably using the wrong terminology but I think that's what he's getting at, I could be wrong though.
Someone still believes SBD will be valued at $1 again? With supply going up, I wouldn't bet on it
It will be, all things go up and down
Thank you for spreading a little positivity today :D
I think this largely was based on the hit BTC has taken. I don't see Steem going much lower either. If it does though I'm ready to jump in and buy some up at such bargain pricing!
BTC UASF, Eth bubble popping, Alt coin bubble popping, it's a combo of things. Low prices will entice the bulls back in and drive things back up in time. FOMO will shoot us higher for a new correction :) Rinse, repeat