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RE: Vlog 435: Dollar cost averaging strategy + AFIT, PORN, DEC + STEEM usecase in the future.
Remember this comment thread? (steem was at 40 cents a month ago) https://steemit.com/threespeak/@marki99/jxk5j0l1
Not many people thought the market would crash again..
What is worrying is that bitcoin is still at 11k... and I don't see steem going up compared to bitcoin for at least 6 months to a year. I have bought 100$ yesterday just because I couldn't resist, but I still think the bottom will happen when Bitcoin reaches at least 6k, probably lower.
However, I will have a buy order set for 15 cents whatever the Bitcoin price. This bear market is a dream come true for all who can see how steem will be.
When will you start to buy Steem? Which level?
It’s not about the price of steem, more about the price of bitcoin as all the market follows bitcoin. So when I feel that bitcoin has corrected enough, I’ll buy steem.
As long as bitcoin doesn’t have a long stable period at low prices, then the bear market isn’t over, and alts probably won’t outpace btc in the bear.
Obviously this is all speculation and I might be talking shit.
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Good call by you back then.