[BLOG] A clinical analysis in Steem

in #blog6 years ago

In life, there are ups and downs, high and low, buy having an "all time low" is quite bad as well as having a weird smooth high.
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But that is in life scenario, what about in finances, can we say the same thing for finances, money issues. Joining Steemit was the best thing that happened to me till now.

Doing something, with absolutely no regrets, no bad feelings, smooth sails, a better me, financially, morally and even in my "awful" grammar setting.

I love inviting others to something so wonderful, a community so amazing like Steemit, bit there is this one "down", **the red Market **.

It's not a news anymore to know how red the market is, every damn coin getting hit, maybe because other coins still sort of rely on the first cryptocurrency, Bitcoin!.

This thing is like a sort of filth tree, if the father has AIDS, there is this highest probability that the offspring will have. If bitcoin(the father) is suffering or suffered an all time low, so will the offspring( Ether, Steem, etc).

That's the simple explanation of what's going here on the Steemit, **ALL TIME LOW! **

But should we go on relying on Bitcoin , which seems to be on his low till.... maybe eternity, lol(I don't pray such happens). But Steem should try and maintain a balance in its reliability on the Bitcoin blockchain. Actually, I am not here for that.

I will be doing some analysis on the journey of Steem from at least, the tome that I joined, December 2017 till this present.


ANALYSIS

Steem has seen the good, the bad and the ugly and I can say that the future is bright for our lovely coin. Let's not assume, let's check it!


December, 2017

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As seen up there, Steem is trying to maintain an average rate, making the increase and the decrease, quite close. It actually gave Steem a future to dip, to believe, "Hell, we've got a reliable coin?"


January, 2018

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We can call this month, the sweetest month in the Steem blockchain, with Steem reaching the highest height, the highest rate till this time, $8.03 !, "damn man, this is crazy!"


March, 2018

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Steem is till maintaining this "reliable" coin tag till the inevitable dawn up it and our favourite blue Steem was painted **red! **.

I call it "the inevitable", because it's actually a thing of repeating occurrence for a cryptocurrency to go down and maybe up again.


May 2018

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Steem tried as much as possible to maintain a close to range rate. Maintaining a sustaining but quite low rate not that bad.


August 2018

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This is the month of "all time red","all time low". Steem goes back to it's crib of a dollar to a Steem. And like seriously, it had been so ,so hectic.

I think it's time for Steem to stand on its own and triumph without the father living with AIDS.

We Steem, in one word! STEEMIT!


All the data used here are fetched from CoinMarketCap. The data are subjected to any changes depending on the new rates and speculations made here actually doesn't determine the future rate of Steem.
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Right on brothers great analysis

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