Why so glum? "The price of Steem is down" you say? This is an opportunity that I've personally been waiting for! I'm buying but please note that this is not financial advice but just my thinking on the subject!
Why is The Price of Steem Down?
Anyone whose been involved with crypto for a while knows that at this early stage volatility is the order of the day. In my humble opinion a big reason for downward pressure on the value of Steem could be the recent instability of the steemit.com web site and the lack of communication regarding this situation.
Am I worried about it? No. While it is annoying we do have many very talented people working on the situation and the neither the blockchain or other interfaces such as busy.org are affected!
Why do I Think That It's a Good Time to Buy Steem?
- I'm confident that the problem with the steemit.com website will soon be rectified one way or another!
- There likely soon be a lot of hype and positivity surrounding Steemfest 2! Can you feel it?
- As
reported here there are two significant developments on the Steem blockchain today!
What Did I do Today?
I used blocktrades.us to turn another crypto currency which is not down into Steem and I powered up 3944.363 Steem which I got for $0.92! I consider that a great price and I suspect that it will soon be over $1.00 again! If you haven't used blocktrades before you might want to give it a try. You don't need an account and I've always found their customer support to be excellent! The instant trading feature allows you to take advantage of price swings on the fly without leaving your funds on a centralized exchange!
I was able to trade some other crypto and get Steem at what I feel is a great price!
What do You Think?
- Are you bullish on Steem in the short term? The long term?
- Do you think that we could see a positive upward trend coming out of Steemfest 2?
I hope that you enjoyed this article on why "I Bought me a Little Steem Today!"
Until next time,
