Its really a simple question tied into an inevitable event. If you havent washed out already and you stuck with alt coins during these lows it will probably pay off for you eventually. It wont pay off for you as much as if you followed Bitcoin to 12k and then sold into Steem again but those of you that were unapologetic hodlers will get their time.
Now there is something to remember… Not all alts are going up and with Steem dropping slowly but surely towards the 100 rank in MC it is a question as if we will ride the wave as well. But lets be positive for a moment.
There needs to be a plan once the sentiment shifts. Maybe the EIP is one of the things that will help. Who can say? But what i think Steem needs is a solid project to drop at the right time.
SMTs. Yep.. The illusive SMTs.
People like to talk about them as the second coming but during a bear market, had they launched SMTs i highly doubt anyone would have noticed. But maybe when the research into what token is undervalued, what great things are created whereever, that just might be the moment for SMTs to shine.
Look, the expected players will have great gains. ETH, LTC, EOS, TRX. It doesnt matter what they offer or what future they have. It really doesnt. It might be the lowest of quality spam transactions and illegal activity. It just doenst matter.
Hell, even today Justin Sun tweeted how they have 500 active dapps and i went and did a count.. I didnt go all the way but 70 of the top 100 dapps on TRON is illegal gambling dapps.
I mean its all a cheap facade what the industry leaders put up but moonboys dont care… So what Steemit.inc needs to do is throw some moonboy bait.
Time it well and hook us some trading volume. Hopefully have a marketing budget ready. 😉
In my last update we discussed the real possibility of bitcoin breaking down to test $9,950 (0.618 fib), where I said to expect a decent bounce. Price has since done just that, bouncing right below $9,950 and currently trading around $10,500. If you took that scalp trade, congratulations!
Price has broken below the 21 day EMA. It found support right on the 50 day MA.
In today’s video we’ll discuss where price may be going from here, key areas to watch, price targets, and so much more. I’ll also answer some of your questions. I hope you find it helpful.
July 15, 2019(updated July 15, 2019) Published by toofasteddie
…because you will have the chance to buy STEEM even enormously cheaper soon!!!!
We all thought Steemit INC was planning somehow to reduce the amount of STEEM they used to withdraw to the exchanges due to the excellent cost reduction and new incomes coming from Ads revenue but…
Instead of reducing, they are increasing!
Just today (less than a week later):
340,000 STEEM thrown out to the exchanges in just 6 DAYS!!!
This is what I call an Excellent “Programmatic but Erratically weird spoil Sell“…. and the best of all, I am sure they are selling at any price so, save your SBD and be prepared to buy STEEM below 0.20 USD or much lower because once STEEM reaches the 101 position the SURVIVING MODE will come back again.
It is really painful to see this happenning…
…but I am keeping being positive with the Long Term future for STEEM… we just need @steemit to finish squeezing the lemon, though…
For the moment I am keeping all my SBD at the wallet and exchanging the liquid Steem I have earned to SBD as well… this is the only way to avoid further losess due to both, the Market correction and the @steemit “Programmatic Sells”…
In Elliott Wave terms, Hxro began a wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 30, and the red wave two (blue sub-waves a-b-c) correction ended on July 13. If this wave count is correct, Hxro should be heading next towards the June 30 peak in the red wave three.