Wanna fast track your Steemit account to acquiring Dolphin status? Or more, dare I say? Well, chances are that this may be the case rather soonish. As they say "Now is as good a time as any."... :)
So, the price of Steem is tanking. Actually, that goes for the majority of alts at the moment. Bitcoin is still holding strong though, sitting at just above the $6000 mark. Damn, is that level one tough son-of-a-bitch or what? And as to whether or not it breaks is yet to be seen. I think it's safe to say nobody knows, though just looking at it at face value right this minute, it "seems" more likely than not. But again, no guarantees here.
Though all this is by the wayside talk. Back to the main point of focus. As of right now, Steem is currently trading at around 66 cents. And slowly breaking through that critical support line of between 70-80 cents is almost imminent, the way I see it. Now, I've got 30-35 cents as next support on my radar. I won't post up the charts as I've already done so not too long back. And if this plays out like it appears, it also may well be an excellent opportunity to scoop up some really cheap Steem. I mean, I honestly never thought we'd reach down to these lows ever again, but hey, such is life. I don't see much risk buying up at those levels. As we've seen in the past, Steem has a tendency to lie dormant for a while, only to explode up in price when no one is seemingly paying attention. And I don't see any reason why this shouldn't happen again.
The incredible Dapps already in existence as well as ones being developed, HF20 round the corner, the beginning implementations of SMT's in a few short months. The activity buzzing around this blockchain is rather impressive, I'm sure you'd agree. So, taking all things into consideration, getting in at these ultra low valuations must make a whole lot of sense. But, of course, that's not to say it can't go a little lower. But, I believe, it won't be by that much. For a project with so much "buzz" around it, 30 cent per Steem could turn out as an absolute steal.
So, seriously think about getting in "if" we reach those golden prices. That'll be the true definition of the expression "Looking a gift horse in the mouth". As always, let's wait and see... :)
