As optimistic as I am and as confident (so confident) as I am in the long-term future of Steem, I do want to consider whether or not Steem will drop below $1 during this downtrending market (one of the catalysts that I've always said could cause a drop in Steem Price). The reason I want to consider it is because it will mean an amazing opportunity to buy more Steem while the price is low. Once that is considered, if I decide I think it will, I will consider just how low I think it could go before the next rally and the long-term positive trend continues. I think that once SMTs are out, if successful, there will be a huge price surge. Knowing that, but also knowing that many whales are dumping some Steem (likely out of Fear), I think it may be a prime opportunity to shift the balance of power across Steemit. I think that this is the greatest time in the last 8 months for someone trying to move upward in the Steem Power Hierarchy. The cheaper Steem is and the more whales that sell off, the more opportunity for Minnows to become Dolphins and Dolphins to become Whales. So, if you aspire to become a Steemian Whale or Dolphin, consider if this is going to happen! I know I'll be buying as much as I can if it drops below $1!
WHAT ARE YOUR THOUGHTS ON IF IT WILL DROP BELOW $1? DO YOU THINK IT WILL STAY STRONG ABOVE IT OR WILL THE DOWNTRENDING MARKET JUST BE TOO STRONG A PUSH AND TAKE IT BELOW? WILL YOU BE BUYING SOME UP IF SO?
AS ALWAYS, WISHES OF WEALTH AND HEALTH FOR ALL! :)