📈STEEM Investor Report 30 June 2017 (Broader Market Uncertainty, STEEM Winding Up)

Trading Recommendation:

Buy, broader market recovery expected, buy in with stop loss at $1.60

Investment Recommendation:

Buy, expecting to be much higher in 6 months!

Analyst Commentary:

The STEEM price rose 0.54% verse the USD over the past 24 hours on very low volume ($1,497,310) as the broader crypto market is up slightly and STEEM appears to be winding up for a big move. I expect a big price movement over the weekend or early next week because the last time we saw this type of chart activity was right before our big rally which started on 2 June. The rewards pool continues to drop in a very linear manner. I am not currently concerned about the rewards pool level but will produce a analysis post this weekend. New account creation data was not available for the last 24 hours. The % vested indicator fell today most likely due to the heavy Thursday power down. The SteemDB power down data appears to be glitched today so I will relook it tomorrow. Daily active accounts continued to fell to around 18,000, hopefully just another data blip. The SBD inflation is down with 1 SBD worth about $1.583 as money flows out of safe havens back into coins.

The broader crypto market is still in a period of uncertainty, I advise watching closely because while I still expect the recovery to resume, if it does not the market could fall sharply. For traders, I recommend buying in with a stop loss at $1.60 in case the broader market turns. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and look for opportunities to buy in below $2.00!

Introducing the Hive account@psa account

I created the Hive account@psa account to contact users who are making mistakes on the Steem blockchain that are having negative effects on themselves or the blockchain. The first campaign is SBD conversions to STEEM which are costing the user's $0.583 per SBD converted at today's rates. Check out the introduction post. Over 150 SBD->STEEM conversion notifications have gone out so far!

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange.

Marketing Trust

Please support the Hive account@marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.

Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.

Discord Chat:

You can reach me on Discord on my private server or through private message to LeongKhan