Will Steem go below $1

in #steem6 years ago

It looks like the price of Steem just keep falling and falling

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I was thinking how much lower can it go.. do you think it can fall below? And what could be the reason behind it.. is it because the overall crypto market is on a bearish mode or could it be because recently we saw Steemit.com added some terms and conditions which also included the features to ban accounts which was one of Steemit's biggest advantage against other platforms like YouTube where they would do regular account suspensions..

Anyway do you think Steem can go below $1 with all these negativity surrounding regulations and all

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Maybe but I think $1.10 would see several big buyers

Nothing is impossible!
Bitcoin call fall below 1$, it also can go above 100k

steemit has enemies: the profiteer and expediency who don't care about the essence of the ecosystem.

I prefer to arrange my longterm crypto investments on steem and ETH
they are fundamentally right

what exactly does it mean when people say long term? a month? a year? 5 years? or 10 years.. please clear my confusion about this "long-term"

I know you are a pro :D
so I express my own point of view:
long-term is not a solid term!

  • for a service business, it's 2 years
  • for stock market it's 3 years
  • for a factory it's 5 years
  • for real estate it's 10 years
  • for forex, it may be 6 months!
  • for crypto it's one year

when I look at the crypto charts, fundamentally right coins always gain in a one year period; better than fiat money rates (without leveraging)

Yes I think it can get as low as 80ct's if the markets keep going like this but thats alright IMO. More oppertunity to buy!

I think there must happen something radically and then all markets can go up in a healthy way. It was way too overpriced last months. Especially the end of last year!

I think it may. I also think in the next 6 or 7 years cryptos will increase a lot and the DOW may reach 30,000 or 40,000. My hope is that Steem can get in on the ride!

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