The Price Of Steem Rose Like The Foam Of a Beer But Fell After Drinking It
Hello friend, I hope you are well. Not long ago, some discord user was happy because the price of steem was rising at an incredible speed, reaching 0.32 cents of a dollar, having an increase of 0.104 cents in a matter of hours, but the joy did not last long.
.gif)
The price of steem rose because an anonymous user bought 1.68 million dollars on the huobi platform according to what I read on coinmarketcap in the comments section, without a doubt many users were encouraged since steem remains neutral at a standard price that was around 0.19 to 0.21 cents.
I remember a friend told me that he bet 10 beer that the steem reached 0.400 cents, luckily for me I won the 10 beer but I would have preferred to lose it because I would like to see the price of Steem again at 500 cents since I think that should be the fair value of Steem.
We don't know if the anonymous user made a similar movement again in the course of the next week or simply invested, took advantage of the fury of the steem price and then sold and left with his hands full, I really don't know what movements he made and why he bought 1.68 million in steem, only he knows that.
Although it is not surprising, the whales tend to make this type of movement not only with Steem, they also usually do it with low-value cryptocurrencies to obtain a profit margin, taking advantage of users who are encouraged to buy on the rise and then the whale sells everything. in one movement.
In my life I have done trading but with a low amount of money most of the time I used to lose money since I am not very patient when I see the price collapse and from dollar to dollar I was losing money due to my insecurity when I stood firm with the coin he had bought.
Trading is made for people who do not have the need to touch their investment in their daily life since trading is about patience and knowing how to wait for the right moment to sell or buy, that is a virtue that many do not have.
Thank you for reading my publication, I invite you to support me and give your comments, I will read it with great pleasure, it is a pleasure to greet you and may God bless you today tomorrow and always.
