Steem Price Critical
How do we start when we talk about Steem Price?
In trending page, You can see some whale wars going on.
Steem price is also some of the most reason why they are mad or something!
Many thinks it is easy to bring the Steem value to $100 each!
But this witness who think it this way is non trader
Bear Market
Before blaming Steemit Inc for the very low value of Steem/SBD, we must also look how bitcoin down from $20k each the highest value last December and crash to $6.3k as of the moment. If we analyse this market trend, It's not Steemit only that suffer of this downtrend, almost every community was affected because all of the crypto was trade heavily to BTC. If btc falls, so the other Altcoins also fall.
Witness Selling their Holdings
A lot of Steemit witness also selling their holdings. This affect much of the price. If you Invest in the first quarter of this year, you will surely loss your investment if you sell now. This witness that sell their holdings are the investor who happened to buy Steem at 5 cents to 10 cents each!
At the moment it is better to buy
well, you have spare money to invest, it is good to buy
Excellent analysis and about the bear market agrees 100%! Thank you @albertvhons
We need lot patience... this help it go up.
I still beleive in the Steemit, after all, there is none like Steemit out there,
patience is what we needed most,
Same here ... I like steemit... it help me a lot :)
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