AskSteemit: What are your thoughts about the recent uptrend in price?
Hey everyone!
Haven't been able to post much lately due to some personal issues and busy with a project that I'm working on for the Steem blockchain. It also has been quite a trading opportunity with the recent swings in Steem price, my sleep already hates me for it.
It feels like yesterday when the price was around 10 cents each for Steem and I was as confident as now that in due time it will turn around. I expected it to do well this year but I'm sure that the recent ridiculous uptrend has caught many by surprise and not just me.
I always knew that blockchain and specifically steem has been underappreciated and overlooked by many, even Steemians themselves. People like to often focus on the negative aspects and let it affect their investment decisions, but to this day Steem is still one of the most advanced and strong blockchains out there and has one of the best usecases and chances at mass adoption than most. The prices are reflecting to that now in my opinion and the upcoming new additions to Steem like SMT's and communities.
Can't wait to see what more this year will bring us, it started out with a real bang. :)
What are your thoughts on the current price, Steemians?
Hello, do you have any relationship with the tool asksteem? As you the wording are similar. As I have some opinion on the tool.
I cant say I dont enjoy it, but there will probably be a correction simply because its gone up too fast too quickly. People are probably powering down waiting for next week to cash some out. Just my opinion though. I also think the steem increase might be from people taking steem dollars and converting them back into more steem because the ratios have seem to gone down a bit.
Excellent point. I’m sure they’ll be people who will be cashing out. Is my opinion, but I believe Hodl is the way to go with Steem. Best wishes.
Yeah im powering down just a tiny bit just in case I think I can sell and make more later, but not selling it permanently just leaving it in steem so I can power myself up any time I want.
When you power down, do you get to choose how much SP to power down, or does it slowly just start doing all of it until you stop it?
Concerning the rise in steem, i think its going to contimue like this for a week or more but it may come back to normal when no one expect it..... Its rising every hour because i do the follow up. We just have to be careful about everything!!!
I agree, @splendorhub. HODL.
I agree. It seems to me that the high Steem price makes more sense than a high SBD price does
At first, I thought it was due to all the people who received a STEEM gift card for Christmas by steemgifts.com are now telling all of their friends and family about the awesome gift they got, who now buy STEEM themselves and tell their family and friends etc.
But clearly, it is thanks to the fact that when I added a link to my steemit blog in my description on the dating Apps that I am on. All the girls that have seen me there now obviously want to get noticed and so they are buying STEEM to make it more likely that I will notice their upvotes. But then again, the other girls also want to be on top and don't want the others to get ahead, so then they need to buy STEEM to, and so the cycle goes.
So there you go.
pretty frustrating really. How the hell am I going to buy more Steem now? I bought 100 today and paid 700 dollars for it!! Geez.
I was thinking the same thing myself. It must be difficult for new users to gain SP. However, there is a delegation market through MinnowBooster that you can use to power up your account. Check it out, might be of use to you.
It's okay, I will manage.
I can sell 50 steem .. if you want @sreepyeldarb @tarazkp
:D
Haha exactly how I feel😁!! Sbd is growing in my account and I want to power up, but not at these rates Lol! Wait for the dip ;)
HOLY COW!! I guess that is the downside of this upward steem tear... lol geez is right
I feel yah good sir. So, so much. Between a post dated check and then an agonizingly long time waiting on the coin itself to clear, I’ve put myself in a fomo vortex of hourly price checks. Sitting with fiat in hand at $2.40 and waching it go up 50% per day after becoming completely enamored with the site for a month has proven to be insanely torturous.
That being said ... I’m making my #introducemyself and trial dtube post tomorrow, I’m completely proud of it and I can say with absolute certainty I would never have done the hours and hours of legwork making a multicam synth and live drum video without the push to get on steem before the train left the station. Here’s hoping there’s at least one late train left at the platform. :)
Poor taraz :(
I feel like a kid in a candy store so captivated by steems performance!
Next week is going to be a drop in price for Steem due to its rise so quick. I bet many people are amazed at what has happened!
Hopefully this year will bring higher highs!
Here is how I feel ;)
haha
I lOVE IT! HAHAHAHAHAHA! PERFECT POST OF HOW I'M FEELING! :)
The price increase is exciting. Really caught me off guard because I thought we’d see an increase with the launching of SMTs. Great to see you back posting 😀
It is very, very difficult to estimate a "fair" price for STEEM in the short term, mid term or the long term. Out of the existing features, the fact that Steem incorporates a very robust payment system into social media is a crucial value proposition. Imagine 70% of everyone you know using Steem, including most businesses in your local area. Your need for banking would be drastically reduced.
Hello @acidyo
Thank you for this post that bring me to look more closely into numbers :)
If we look closely the activity on steemit, active members, posts and comments,as well have never been higher like now, so all is related and I can't see anything that actually could stop that, they will be not only one correction but many in the future.
I believe that the growth for the long run will keep up, the story will repeat it self and peoples selling now will regret later.
Since I joined it's the first post I read from you, It will not be the last.
@tradewolf
Now i'm so happy looking the prices of steem and sbd some months ago i was sad of see how some shitcoins got new highs and steem continue with a low price, but i do not despair and i kept blogging until now where i see our coins taking an excellent price. Regards