The Price of STEEM - Destination 10 Cents
We get so caught up in the day to day that sometimes I like to zoom out and look at a monthly price chart of a crypto to see what my broad guess would be for future price.
Boy I Wish I Wouldn't Have Looked
This monthly chart of steem seen in the post. Well, it definitely doesn't give you the warm and fuzzies about future price action.
25 cents is a key area on the daily chart and price just bounced off it today. It is important to hold that level because otherwise we are likely going to see 20 cents which is the most recent bottom on the monthly chart.
However, for tried and true support from the past though, we are looking at 10 cents steem. TEN CENTS! I really don't want to experience that again. I was here for it the first time and boy is that ride depressing.
Here's hoping we see an uptick in alts, steem included.
The Sell Programs Need to End Already
I can say this, until these sell programs from some whales (not to be named) end it will be unlikely we see good price appreciation. So many good things going on in the steem community and on the blockchain, but damn if that selling pressure just won't let up!
Hi SCG, You are probably be correct.
IMHO, Steemit has been a potential competitor to Facebook for a very long time and believe that Steemit has been intentionally undermined through various methods.
I believe this is also True for Bitshares.
Both Bitshares + Steemit have been working Blockchains for OVER 3 years, so my Best Guess is there has been price suppression for much of the 3 years time.
I am still here because I upvote people in Venezuela who really need our upvotes... for example, see the accounts listed below:
@lopzdaniel
@biankalopz <--- Daniel's wife
@littledisciples <--- Venezuelan Children they feed, train + teach
They both have College degrees and decided to leave their "normal" jobs and help the poor children in Venezuela and have been doing so for the last 3 years.
Thank You for this Post...
Cheers SCG !!
@sacred-agent great to hear from you! That's awesome man, I used to vote on a Venezuelan steemian for a long time but don't believe he is around anymore. Will have to gives these other a look.
And yeah, the community is what has kept me around almost 3 years now, time flies!
erm.. I didn't went anywhere. I'm still here waiting for you!! :p
Hehe, that was quite witty! You get a vote!
Thanks my friend. The wait was almost eternal! hahaha };)
Thanks for the support
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Definitely agree with you! At least I continue to lower my average cost: now at $0.70!
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There you go, lipstick on a pig! Hahaha, kidding....I hope.
I would love to see it hit 10¢ and be able to buy at fire sale pricing.
Fire sale for sure. I would buy there too!
At 10 cents I believe I will buy more. ;)
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