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RE: A Price Analysis Update on "STEEM/BTC"
I have similar concerns with bitcoin declining due to heavy resistance above and especially $6k. Even the other leaders like LTC have taken a hit today. However, I think it can be a healthy pullback as long as higher lows are established. If not, I don’t mind buying some more lower! Anything below $1 is attractive but below $0.40 is a steal!
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I hope that more crypto investors have that same mindset as you. And hell, I guess sub-40 cent does have it's perk too. :)
I was hoping the new steem foundation would mean a more professional and focused approach for steem, but reading all the proposals, I am not being overwhelmed with lots of confidence.
I purchased a lot of steem at $0.2x but have been unloading it to buy more solid prospects. It's not a very liquid market, so you have to do it slowly. Specially with the constant sell pressure from steemit Inc and authors cashing out rewards.
Our fund has not purchased any steem and is unlikely to do so until the governance issue is solved.
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I understand your frustrations and can only hope things ultimately turn out better than they look now.