STEEM needs to make up some ground on BTC
Since STEEM launched, it has mostly lost ground to BTC
It's time for STEEM to start making up some ground on BTC.
For those who sold BTC to buy STEEM, it hasn't worked out so well.
In fact, it looks like after it launched, STEEM basically has never made a higher high against BTC, only lower lows...
Check it out:
(Source: https://bittrex.com/Market/Index?MarketName=BTC-STEEM)
Not sure what it would take for STEEM to make up some ground against BTC, but it sure could use the bounce.
Not one higher high on that chart...
Stay informed my friends.
-Doc
Oh dear, the writing appears to be on the wall. The chart speaks for itself. Any possibility of an upward bullish momentum now would be totally out of character and more like a miracle than a fundamental or sentiment-driven price reversal. In hindsight it looks like Steem token was always an inflationary and short-lived experiment that never worked or was never going to work long term. That's what the chart says to me.
The Long term Chart is not looking good from investment point of view. Something needs to be done about this. Steem should be on par with the top 10 crypto out there. Where did all the investment $$BTC go before Justin sun?. Steem looks drained and chart is worrying for investors. although theres an uptrend developing. sometimes it just feels like there are unlimited steems out in the market and the sellers are shit, willing to drive the price down the any moment. Steem has to become a scarce assets. If only there was an easy way to take cheap sellers out and make them fomo in by paying 10 x what they sold it for lol, that would be a good lesson haha
Perhabs the community needs to be educated about the value of the asset on steem @steemitblog.