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RE: STEEM price will go for a pump in next two weeks, price will increase by 20% measured by USD fiat

in #steem7 years ago

You are convincing, but one big player or two here may capitalize on the opportunity and offset the buying pressure, causing the pump to be much smaller than 20% while doing so.
It depends on how sustainable STEEM, Steemit and busy.org in its current policy of free use, assuming it does not charge fees, are.
Decentralization is such an inefficient manner to store such a social network and blogging platform.

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There is an argument to be made that steemit.com is currently a cesspool of robot votes, with very little original great material, and what there is is far to hard to find. Steemit.com is like a giant pile of crap, with a few gems mixed in.

Which is consistent with my thesis that the price is being manipulated. The price of STEEM certainly isn't rising based on the quality of content and curation in steemit.com

The robot votes are a method for people like me to grow.
I wish I did not need them, but I did not join early enough to premine or to enjoy a sufficient amount of generous votes by big accounts.
Those whom use the bigger bots, with losing ROI use them to promote content which at least they have some faith in its promotion.

Which is consistent with my thesis that the price is being manipulated. The price of STEEM certainly isn't rising based on the quality of content and curation in steemit.com

https://steemit.com/bitcoin/@davebrewer/bitcoin-prices-won-t-be-at-the-bottom-until-they-drop-down-into-the-usd4000-s

https://steemit.com/steem/@davebrewer/steem-price-will-go-for-a-pump-in-next-7-days-price-will-increase-by-20

These two predictions contradict each other.
I know that not necessarily, but realistically they do.

I expect bitcoin to bottom or stabilize for a while at prices no lower than 5000$, probably 6000$ if it had not bottomed already.

Bitcoin already bottomed. Rising prices have broken the down trend The prediction of a low at $4,000 wont happen in 2018

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