Watching your post and these graphs makes me think that after the hard fork the Bitcoin price (whatever the Bitcoin will be) will drop, and then it will slowly recover, reaching even higher levels!
Ah yes i'm sure there will be pull back once the hard fork takes place it has always happened in the past. However also to take note of is that it has always quickly recovered within the first week and continued upward.
Yes, and I guess there will be a good time to invest in bitcoin, right after the hard-fork, when the price goes a little bit down, but which will be the bitcoin? :))
Best guess is steemit had some major issues with its website for honestly 2-3 weeks where you could hardly do anything. It has gotten much better and in 2018 steemit is honestly going to have competition. Steem is one of the hardest currencies to predict however it should return to the $2 mark some time next year if everything continues to go well such as growth of site and uptime reliability.
I agree with your opinion. I believe that in the future it will move further upwards. We hope Steemit will bring something better in us. And we'll get something better than Steemit.
I think the fact that Steem is created out of thin air and the fact you can earn $150 by posting a picture of a cat and then sell it on an exchange 7 days later makes people less inclined to pay for it by parting with their Bitcoin.
sure big #'s with $ in front look enticing to try out ... look deeper at the picture
When Steemit let us start to swim in the ecosystem.....we saw picture of flowers making $500 dollars in 3 hrs
Ya man..widen eye marketing to hookem in
But then sour grapes changed the taste in the mouths of some who were actually freelance Pro's...making 0.07 cents for the same flower but better centred.
This leads to complaining and subconscious hate commenting
don't forget all the steem power are actually money stacked , forget about the 50% in sbd that goes out on exchanges...there is the other 50% that goes to steem power...if you take power out and replaced it with interests then you can have a more clear picture
everytime you vote you are creating dividents or interests which rates differs depending on the size, weight of your vote
if all sbd were to leave steemit we will still be growing by 50% or half the speed as if we would if we re invest all the sbd in steem power...
50 % growth is not bad ..
even if no new users were to enter steemit the time will come were the interests will surpass the initial invested capital in steem power and so on in an ever increasing value
that;s why we say steemit to the moon ;)
right now people are cashing out to buy bitcoin and benefit from the doubling that will occur on the fork for example let's say I have 5 bitcoin in my external wallet (but not in exchanges wallets like biirex polionex etc) on the day of the fork I will be having 10 bitcoin...for free..
so now we have like what? 200 bilions in crypto and by now almost 80 billions are in bitcoins?? we are talking around 150 to 160 billions in total bitcoin cap market literally overnight
people are rushing to buy bitcoin which will increase the number of coins but also the value
once the doubling is done I see bitcoin will take a dip down to around 6000 even maybe lower than that but never under 5000
that is because people would wanna sell those extra cins they got at maybe 8000 or higher and that is when you will see steem demand rising and so its price
On Jul 13, 2016 Steem was at $4.93. Since then it has been around a $1 (give or take). We keep hearing about the thousands and thousands of new members signing up each day yet the price is lower than it was in 2016 when the user base on Steemit was so much lower. Demand normally makes price go up not down. Gold, Bitcoin, Silver etc have value because they are rare, the way Steem is created and is so easily obtained (by Whales) devalues it in a massive way.
Also the 50% that goes into Steem power can be powered down and then sold.
This sounds like I'm complaing about Steemit, but I really like the platform. It's a great place to talk about crypto and get rewarded. I just think its bad advice when people are peddling Steem as being worth upwards of $100 in the future, this simply will not be the case.
I agree with you! but unfortunately people power down! then count all the people that are inactive and didn't invest steem! do that then add to the real active users that doesnt strip rewards and you will see we are in the few thousands and few thousands are making the price worth a 1 dollar or so...that's not bad
all thanks goes to the whales holding millions and delegating millions ...and curating by the hundreds ...if it weren't for them...there wouldn't be something called steem as it would have shorted a long time ago
even if big whales decide to power down everything you can still blog and still vote and do practically eveything else if you don't care about money...eventually someone will be interested and will invest money in it and so the price would go up again and that is how whales were made
Steemit can go bear market for ever and never crash lol
Very interesting, good post and I like, hopefully the next post better with a more perfect idea. follow me @pojan, Upvote and give a positive comment for me.
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Oh i'm sure of it hard forks have happened in the past with many cryptos and will continue to do so as ICOs are now out these hardforks or also known as air drops are currently legal ways to create a new coin and get capital and publicity.
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yup today we are down they will be minor corrections like always but the trend it still upwards so these dips of $300-$600 are honestly not a big deal and just a healthy quick pull back. Unlike stocks bitcoin trades world wide and 24 hours a day so the adjustments are quick.
This is a great post . Keep it up and thanks for sharing
carry on, don’t stop
Watching your post and these graphs makes me think that after the hard fork the Bitcoin price (whatever the Bitcoin will be) will drop, and then it will slowly recover, reaching even higher levels!
Ah yes i'm sure there will be pull back once the hard fork takes place it has always happened in the past. However also to take note of is that it has always quickly recovered within the first week and continued upward.
Yes, and I guess there will be a good time to invest in bitcoin, right after the hard-fork, when the price goes a little bit down, but which will be the bitcoin? :))
that's what I call the clearings after the storm...
This wonderful post has received a bellyrub 9.90 % upvote from @bellyrub. Please make sure to vote for my pops as a witness @zeartul,Here
I will have a fat short prepared for this and I am shorting all the way up. Resteemed
Do you mind me asking what trading platform you use to create the short? And honestly that seems like a good play! You should do very well with it
I use Bitmex. Here is my affiliate for 10% off fees for six months. I also never go above 15X leverage. https://www.bitmex.com/register/vAg9cN
Thanks!
that's right1 that is what will happen on grand scale
i wanna know why steem price is getting down and down ? when will it rise again ? any predictions any explanations ?
Best guess is steemit had some major issues with its website for honestly 2-3 weeks where you could hardly do anything. It has gotten much better and in 2018 steemit is honestly going to have competition. Steem is one of the hardest currencies to predict however it should return to the $2 mark some time next year if everything continues to go well such as growth of site and uptime reliability.
I agree with your opinion. I believe that in the future it will move further upwards. We hope Steemit will bring something better in us. And we'll get something better than Steemit.
I think the fact that Steem is created out of thin air and the fact you can earn $150 by posting a picture of a cat and then sell it on an exchange 7 days later makes people less inclined to pay for it by parting with their Bitcoin.
Steemit does really have fishy smell ....the minnow / dolphin / Whale seems like an inside joke, upvote yourself to make a fortune
... or those could be advertising pumps to increase interest in the platform
sure big #'s with $ in front look enticing to try out ... look deeper at the picture
When Steemit let us start to swim in the ecosystem.....we saw picture of flowers making $500 dollars in 3 hrs
Ya man..widen eye marketing to hookem in
But then sour grapes changed the taste in the mouths of some who were actually freelance Pro's...making 0.07 cents for the same flower but better centred.
This leads to complaining and subconscious hate commenting
don't forget all the steem power are actually money stacked , forget about the 50% in sbd that goes out on exchanges...there is the other 50% that goes to steem power...if you take power out and replaced it with interests then you can have a more clear picture
everytime you vote you are creating dividents or interests which rates differs depending on the size, weight of your vote
if all sbd were to leave steemit we will still be growing by 50% or half the speed as if we would if we re invest all the sbd in steem power...
50 % growth is not bad ..
even if no new users were to enter steemit the time will come were the interests will surpass the initial invested capital in steem power and so on in an ever increasing value
that;s why we say steemit to the moon ;)
right now people are cashing out to buy bitcoin and benefit from the doubling that will occur on the fork for example let's say I have 5 bitcoin in my external wallet (but not in exchanges wallets like biirex polionex etc) on the day of the fork I will be having 10 bitcoin...for free..
so now we have like what? 200 bilions in crypto and by now almost 80 billions are in bitcoins?? we are talking around 150 to 160 billions in total bitcoin cap market literally overnight
people are rushing to buy bitcoin which will increase the number of coins but also the value
once the doubling is done I see bitcoin will take a dip down to around 6000 even maybe lower than that but never under 5000
that is because people would wanna sell those extra cins they got at maybe 8000 or higher and that is when you will see steem demand rising and so its price
@poias @somecoolname
On Jul 13, 2016 Steem was at $4.93. Since then it has been around a $1 (give or take). We keep hearing about the thousands and thousands of new members signing up each day yet the price is lower than it was in 2016 when the user base on Steemit was so much lower. Demand normally makes price go up not down. Gold, Bitcoin, Silver etc have value because they are rare, the way Steem is created and is so easily obtained (by Whales) devalues it in a massive way.
Also the 50% that goes into Steem power can be powered down and then sold.
This sounds like I'm complaing about Steemit, but I really like the platform. It's a great place to talk about crypto and get rewarded. I just think its bad advice when people are peddling Steem as being worth upwards of $100 in the future, this simply will not be the case.
I agree with you! but unfortunately people power down! then count all the people that are inactive and didn't invest steem! do that then add to the real active users that doesnt strip rewards and you will see we are in the few thousands and few thousands are making the price worth a 1 dollar or so...that's not bad
all thanks goes to the whales holding millions and delegating millions ...and curating by the hundreds ...if it weren't for them...there wouldn't be something called steem as it would have shorted a long time ago
even if big whales decide to power down everything you can still blog and still vote and do practically eveything else if you don't care about money...eventually someone will be interested and will invest money in it and so the price would go up again and that is how whales were made
Steemit can go bear market for ever and never crash lol
some say it will shoot to 2$
the thing with steem is that it is tooooo volatile and can go crazy...;p
img credz: pixabay.com
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Very interesting, good post and I like, hopefully the next post better with a more perfect idea. follow me @pojan, Upvote and give a positive comment for me.
https://steemit.com/introduceyourself/@pojan/at-the-gate-of-this-steemit-place-we-incised-the-decree-above-the-throne-crowned-pearly-grains-of-pearls-we-reign-on-each
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Thanks for this info helping to understand the next fork's potential. I wrote this article which is targeted to people still dragging their feet and feeling like they missed the boat and that it is too late to participate in the exploding crypto/blockchain sector. https://steemit.com/cryptocurrency/@motowngold/bitoin-crosses-7000-dollars-what-can-you-do-about-it-some-investing-ideas-including-crypto-related-stocks
That looks pretty strong for B2X. Are there any other hard-forks that you think will happen after this one?
Oh i'm sure of it hard forks have happened in the past with many cryptos and will continue to do so as ICOs are now out these hardforks or also known as air drops are currently legal ways to create a new coin and get capital and publicity.
I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.
Thanks a lot :)
Postingan yang sangat bagus.
Sudah saya Resteem dan vote artikel anda demi kemajuan dan maju bersama.
Hidup Steemit
Very good post.
I have Resteem and vote your article for progress and forward together.
Steemit
very very nice and helpful post
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Really insane this latest fork, hopefully the alts rebound strong after
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Thanks for the info
I look at as bitcoin being pregnant having i dunno how many kids in the future as the forks keep coming
meet me around the block #494,784 at around 9 am...no cops!
lol
Sir @kingyus I need to your guidance. How can I contact you? Are you at discord?
send me a private message at discord if you must. I will see it when I go there
but what is it about?
About cryptocurreny. Can you please send me your discord link?
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I look forward to the hardfork and getting my new B2X coin...free money
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So Segwit2x is not going to be another "smoke" fork?
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woosh
Hi ,
Thanks for sharing
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Very nice Post, thank you 👍
I do not know how to take this info... if it'
Drastic?...
Very informative post!
Informative post. Thanks for sharing. Will the price of Bitcoin down in some days? Is it best to buy any currency right now?
yup today we are down they will be minor corrections like always but the trend it still upwards so these dips of $300-$600 are honestly not a big deal and just a healthy quick pull back. Unlike stocks bitcoin trades world wide and 24 hours a day so the adjustments are quick.
Exactly right :)
I think this fork is great buy opportunity so I would recommend buying before 15th Novermber. I guess the sooner the better.