Steem is currently trading for about $0.30 with Bitcoin being at $3,700.
If Bitcoin continues to fall then it is certain that Steem and the other altcoins will follow due to the fact that we have not yet learned how to decouple from it.
Pixabay
I'm starting to see people buy at this price of $0.30 which honestly..... I would never have imagined would be as low as it is.
Maybe this is the bottom. However, I think the bottom is going to be closer to about $3,000 for BTC and Steem is going to fall down to maybe $0.21.
If it falls under $0.21 then I probably will buy some more.
It's hard to believe that it was worth more than $8 just a short 10 months ago or so.
I know everyone is hurting and having a difficult time with this. Will it rise back up to where it was before? I'm not going to blow smoke at you because I really don't know.
I can tell you that I've stopped writing fiction for now because it's simply doesn't pay at all on here, and I'm also working full-time at my other job. There was a time when I was making out okay on here writing fiction although I do wish that I had actually taken some of the profits instead of just holding.
So how long do you think it's going to go? Do you think $0.30 is the bottom?
I'm thinking we're probably not at the bottom yet.