It's hard not ignore the moves from Bitcoin and in the long haul, pretty stupid to bet against it. All those experts calling $1000 price of Bitcoin during the bear run can RIP now.
But sadly many altcoins are also doing exceptionally bad including STEEM in satoshi value.
While speaking to a friend and fellow Steemian today about today's Bitcoin pump which saw the price touch $13000 I had to check an older post of mine about Bitcoin Forecast. That post can be found here
This is the screenshot in the post predicting the price of Bitcoin in the short term and it seems the price has moved faster than predicted by their system at that point. Now I'm not a believer of any kind of predictions but it's hard to ignore this one especially given the numbers are in favour of those investing in Bitcoin.
This is the latest prediction at press time. As you can see the FOMO for Bitcoin is just beginning once again. The bull run this time is likely to take us to newer highs.
This is the prediction for Steem which at the time seemed quite okay. It was infact not as bad as the current one. I don't mean to sound negative but in two months Steem has dropped sat value like a dead fly sadly.
Current prediction is depressing as it showing sats in the negative. LOL!
I'm not even sure this is reliable as the long term prediction hinted at price remaining in the 8K sats range 2 months ago. But given the drop from 8K sats to current new lows in sats the trend seems to continue towards a lower low.
If we can't figure a way to boost the token value of STEEM then it's like we'll slide further down towards 1K sats and maybe even lower if BTC does new ATH by end of this year.
Hopefully HF21 will improve things, maybe it won't. Nobody knows anything for certain here. But it's hard not to observe and see where things are going if we can't shake things up and create a major demand for STEEM once again.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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