I know that not all of you follow the markets and are consequently unable to enjoy these special moments.
As a trader I watch them all the time. And having watched Steem rise from $0.07 to $2.50 a few months back, only to see it drop slowly back to under $1 yesterday... well, it was starting to feel a little depressing frankly!
But today is different!
As you can see in the coinmarketcap graph above, something happened yesterday which boosted our beloved Steem up to $1.70 for one brief moment (in the Bittrex marketplace).
At which point I must admit, I did sell a few :)
But I advise you to HOLD if you can, because GOOD TIMES are ahead my friends!
The Steemit Wallet System
The total you see in your wallet is based on a 7 day average of the value of Steem, so you won't see this rise in your accounts for a few days yet... but you can be in no doubt, it is coming!
And if Steem continues to rise as it rightly deserves to do, we will all become the happy (and hopefully loaded!) early adopters of this first of its kind, crypto-based revolution in the world of social media.
Is Steemit working?
You only have to look at the stats to know the answer to this question.
'The fastest growing decentralised social media platform ever'
--- Forbes Magazine.
Will the value of Steem continue to rise?
No one can know for sure what the future holds not just for Steem but for all cryptocurrencies as the governments of the world try to get their heads around how to stop this revolution which is killing their banking system.
But the odds certainly seem stacked in our favour for the moment!
We are currently ranked 20 in a very long list of cryptocurrencies which are all bothering the banking system right now.
...and my hope is that it will take them a long time before they get us!
So, how will they tax this?
Impossible to know the answer with all these anonymous accounts here, hidden behind VPNs and Tor tech.
But for sure the day is coming when they will try...
