Article about the current fall of Steem by @doctor23
Definition
#Steemit is a blockchain-based blogging and social media website, which rewards its users with the cryptocurrency #STEEM for publishing and curating content, and is owned by Steemit Inc., a privately held company based in New York City and a headquarters in Virginia.
Source
We all quite know of the steem crytocurrency, as most of the contests on steemit espiecially the #Steemcameroon community rewards participants with steem.
Post rewarded in #Steem dollar and Steem Power can be converted in the cryto market and powered down to steem respectively.
Introduction
We have seen a persistent fall in #Steem crypto currencies, and this has actually placed somw fears espiecially to new comers on the steemit platform. It but normal to have such fears, espiecially seeing such a decrease and fall in ones accounts.
Some are so paranoid so much so that, they are thinking of withdrawing their funds or selling their currencies to avoid further fall.
Well, with all this worries, i guess this'd is the perfect time to answer all the questions from my Owen point of view and findings.
Plan of Action
Not just the Steem crytocurrency is on a persistent fall. Most famous currencies are on a fall as well inclusively the:
Bitcoin
Dogecoin
Litecoin
Bitcoin cash
Etherium
Amongst others
Bitcoin after touching a resistance at 65, 000 per $, had to fall to about 49, 000 per $ now.
Dogecoin fell to 0.2 per dollar
Etherium to 2200 per dollar.
our said #steem from 1.3 per $ to 0.6
With all this, it is evident that sellers are dominating the market.
Way Forward
Dry bones shall rise an acient wise saying.
It is evident enough that this is the perfect time to buy the steem currency, as we believe it will rise again to either bounce off its resistance or break the resistance to 1.5+ steem/$
At this juncture, investors on #Steemit are investing.
Join them.
Thanks for Reading, hoping for better finding in the days ahead.
@saxopedia
@booming01
@booming02
@fombae
@tjean
@blaisebass1
@steemcurator01
@steemcurator02
@steemcurator03
@steemcurator04
Great write up doctor23. I like the analysis. Cryptocurrency market is highly volatile and so its bit normal for such drops. Many enjoyed seeing their accounts skyrocketed, myself i liked it.i fall in the category off those who wanted to withraw but on second thought .where am i rushing to. Dry bones of course will rise again
Kudos
Keyword @lukong "dry bones shall rise"
Great write up really elaborate