RE: NEO: Example of Laddering in your buys

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RE: NEO: Example of Laddering in your buys

charles1 (68)in #bitcoin • 7 years ago

I agree buddy, looking forward to your analysis on bitcoin and etherium. What is your take on steem consistent low price? I think is good time to buy more and power up. Feel free to see my latest posts on issues we face on steemit and send in your suggestions. More success to you

7 years ago in #bitcoin by charles1 (68)

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xaero1 (57) 7 years ago

Thanks... haha, I bought some more steem and it was not a good idea in terms of return, so don't take my advice on this!😂 I guess the simple answer is that supply is greater than demand. I.e., more sellers - whales powering down, and writers wanting to cash out to fiat for their work. This is still greater than the number of people who want to hold steem power. Price will keep falling until these balance! I'm pretty sure there is such a point, and it won't drop to 0! Anyway, if it drops really low I might consider doubling my stake or something like that😃

When I would I buy if I had any sense is when price has stopped falling (I.e., stable) for a long while i.e. weeks! I think this will happen eventually! Here's the chart I'd be watching:
https://coinmarketcap.com/currencies/steem/#charts
And, from the shape of that graph, I would not be surprised if it fell to 50 cents! 😱
As i say though, I'd be looking for a 'flat' line before buying again!!

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charles1 (68) 7 years ago (edited)

Good point bud, I agree with you. However I like your sense of ease in this hence why I used you as one of my motivational reference in my latest post about why steem cheap price should not worry us( feel free to see it) ...I see it as an advantage to buy and power up and thus having more whales and dolphines here in order to create more whales and thus make life more jolly for you guys. Steem is undervalued (as indicated in my post) and I think that the true value will be realised from next year and I will then fulfil my promise to you!!!!