STEEM's not safe support testing!
STEEM has tested $0.77 support level in last 30 days twice, and it's going to test it again for the THIRD time and this is not a safe touch, i believe!
here is last 30 days chart:
why HF20 didn't save us?
the hardfork started with problams and needed patches and further maintenance. this caused some uncertainty.
also the rewards didn't get higher though the reward pool size got bigger.
Bitcoin impact?
I don't expect bitcoin to help steem in current situation. BTC is itself stuck in a sideway moonwalk! but if it starts to rise, the case qould be different. my opinion....? unlikely!
So where is salvation?
the answer is simple: SMT and more STEEM adoption by real users.
how to survive for instance?
try to monetize your account. focus on your postings, try to attract followers and engage with people. try to make most out of your steem power.
and... hope for a better day 😉
The last time I bought steem was back when it was $0.69 and I thought that was an absolute bargain, if it goes anywhere below that I will definitely buy in again and increase my stake!
I've seen quite a few big accounts powering down lately so there's liquid steem being pushed out into the market, Either for paying for stuff or they're losing confidence either way it doesn't really matter
I do agree. I will buy personally since i haven't lost my confidence 🤞
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increase participation and posting hard
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no easy money, no free lunch! 😉
I think it also has a lot to do with general market circumstances. Since januari the interest for blockchain has come down a bit since it was overhyped back then. But right now is the best moment to be involved in steem because it will come back but most people are sheeps. They only buy high when everything seems to go right. When things go down a bit they don't want to be involved. A good investor has to do the opposite. Buy when people are fearful sell when everyone is greedy.
true, i do agree
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