Once STEEM Hits $5, I Don't Foresee It Dropping Below It Much Ever Again!
All ye faithful Steemians have been reaping the rewards and will continue to do so throughout 2018 and beyond, IMHO. Steemit has already proven it is here to stay and the price is finally beginning to reflect that. I think the recent bounce in price has a lot to do with the high price of Steem Backed Dollars. They are trading at about $15 per SBD right now, which leads people to want to power up, as the greater Steem Power you have, the more SBD you can earn. That along, with the recent inflow of money into the cryptocurrency realm in general has created the right environment for Steem to begin it's rally. It has been due for a correction for some time.
I consider it a top-10 Market Cap Cryptocurrency, due to sheer transaction volume, the devout following, and the established platform. It's also a no-brainer application for the Blockchain Ecosystem and Steemit doesn't really have comparable competition in this space at all. It has been lagging as other Cryptos have begun to make their run in response to Bitcoin's legendary rise. Steem is due and it seems to be beginning. Tips for this time include steeming regularly, powering up if possible, and increasing your immersion in the platform as a Social Media/Social Blogging platform. The more Steem you earn now, the more you'll have when it is worth $20, a price point I'm predicting AT LEAST by the end of 2018, and it wouldn't surprise me at all if it is the case by June 2018! Steem On!
Go to GainingSteem.Com for tips and tricks on how to maximize your Steem Power/SBD generation and how to promote your articles effectively and make the most bang for your buck as a Steemian. We are also doing a week-long sale of Booleancoin! You Can Buy With PayPal On Booleancoin.Com or GainingSteem.Com! Take Advantage Of Our Week-Long Steemit-Only Sale Posted Yesterday, details at https://steemit.com/steemit/@biddle/week-long-sale-200-booleancoins-for-1-sbd ! 1 SBD For 200 Booleancoins For This Week Only! Learn more about Boolean, our News Accuracy Platform aiming to combat Fake News and bring honesty, integrity, and ethics back into the reporting realm!
i hope your prediction comes true
I hope so too and I think it's likely! :)
:)
I like your prediction, and I agree on most of it. Steem has clearly been undervalued for quite some time now, and it is finally beginning to make a move. Clearly a top—10 crypto👍 Great post!
Thanks! :)
This just sucks! I sold all my Steem yesterday at an ATH of around $3.14 thinking I could buy it back at the next dip (WHICH I MISSED!). Went down to $2.50 then recovered and hasn't looked back since. Man my ass is sore!
Haha I have been there my friend! My new strategy is to have a certain 'go long' fund and then I can try to time the market with extra cash. It is HARD to know in Crypto-land when/if there will be another dip for a long time once a BIG run up starts! Personally, I'd get back in soon if I were you (and decide if you want to try and time on this one)! But, best wishes and hopefully it works out for you! :)
My timing definitely needs some work! Lol
I've been there. I sold 900 EOS a week and a half ago when it first hit 4.87, which was its highest since its inception. Its now at over 11 a piece. Hurts but you can get it back. Trade right, watch the market and you'll be fine.
Wow... That's a lot of moolajh! Lessons in crypto can get expensive.
well, you did something good for yourself as today, steem dropped to $2.6 . Again :)
And I absolutely sucked some up! It's A great day in paradise!
Indeed
To be honest i have a great feeling about steem, and now it's time for me to go and start saving up some steems and SBD.
Agreed! :)
I hope it doesn't! That would be great for all of us! Hope you're doing great my friend! I've been buying up alot of cryptos lately. @biddle
Agreed! Yeah, I'm doing awesome! Great to hear that; I hope all is well with you! :)
Yeah man. Things are looking up for me. Just working non stop. Getting in about 62.5 hours a week now. Man I need a break. Lol.
Busy man! I hear that! Keep on hustling and I hope you get the well-deserved break soon!
I appreciate that! Have a good Christmas if I don't catch you between now and then!
You too! :)
@good-karma asked for steem predition comes 2018 my asnwer was, $15 - 20. I don't know if mine was crazily high. Steemit has a way of attracting people into the system and people would want to invest more especially when it's promising.
Thank you for the post, You did well to share.
I think you're right on with that prediction! Hopefully we're right (I think we will be)! You're very welcome! :)
Thank you.... Steemit is changing lives, I see the future
nice one thanks
@ogacami
Sure thing! Welcome to Steemit! :)
Great points on Steem! I'm not sure the SMT factor is fully reflected in the price yet. I believe SMT's will be very beneficial to Steem in the future!
A very good social media plus platform that continues to move forward with improvements to the product!
Ah, yes, I didn't even think about SMTs this morning, but a platform for development and an ecosystem that branches out into other projects will absolutely be reflected in the price and it will be positive for Steem! :)
I'm convinced of your sentiment @biddle... I don't think Steem will be dropping back down this time. :)
Enjoyed your post and advice. All best
Thanks! :)