This post is resteemed and upvoted by @bestboom

Congratulations @bycoleman, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1086 and the total pending payments to posts in this category was $5271.71. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-18th-march-2018--part-ii). 

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Thank you for your publication, @bycoleman, little by little I am learning about the world of cryptocurrencies, I am happy to have gotten you and read you, blessings, I follow you and I read you, I will give you restim and unvote.

I agree with your price target. It might go lower. For me to really make a dent on the site, the price needs to drop dramatically lower still. So it’s kinda a mixed feeling. Keep loosing on my current investment and get a better deal moving forward, or support a rise in prices to protect my current investment? I’m like 51/49. I’m just don’t want it to take years to get back. Thanks for the post!

Just a quick note:

**The lower steem goes, the more tokens you are paid for every post you create**, so this is the perfect time to create some great quality articles and then power up and wait for the market to find out what we already know.

More on this at: http://steem.supply/rewards

Blessings.

*Your opinionated inputs are really boosting one and yes in my opinion people who wants buy the Steem, this is the right time because the prices really at dipper side and in my opinion people should invest in Cryptocurrency that much which they can willing to lose because there is an risk involved. And yes it's really amazing to watch the rise of users for Steemit, Busy and Dtube and in turn it's an boosting news for all Steemians. Thanks for sharing and wishing you an great day. Stay blessed. 🙂*

Good write up,

Its incedible that all the gains we've made are being washed away so quickly wow

@bycoleman I am new to cryptocurrency, but not new to human behavior. The sudden rise of Bitcoin and Altcoins tailing behind was to me a significant event. Now, as it's dropping low... it is also significant. I smell something fishy. I can't put my finger on it, but I think this is something to watch closely. I have this feeling that something will trigger a rise. In the Springtime we always clean house, hence the word "spring cleaning"  I thing you are smart. The guests are coming and the house is spotless.  HODL

@bycoleman than so much for this.  I'm actually excited to see the price drop, as a youngin just getting my feet wet, this seems like the perfect time for me to build up my account.

Nice brother me

Been waiting patiently for $steem to drop below $2. I will certainly be buying when its around $1 maybe in 1-2 weeks time fingers crossed. It's a bear market so act like a bear! trader hat off, Investor hat on.

thanks for insght info. I have considered to buy in a bit at this level and then consider new INs as trend changes or continues. will be more than happy if you read my last post on this :)

Aren't the STEEM wallets on Poloniex still in maintenance? I suspect they must still be, because whenever you look at the sites for coin prices, the markets/exchanges tab always shows the price much lower there. The hours later the prices drop on the other exchanges, with Poloniex continuing to drop as well to remain below all others.

I suspect that what's happening is that the inability of anyone on that site to withdraw their STEEM is driving the price down on that site, then people gradually see the averaged price across exchanges dropping, so expect to pay less than the market rate. 

Meanwhile on Poloniex it continues to drop with no natural floor because as soon as someone buys it they find out they can't transfer it to Steemit or wherever they were hoping to store it off exchange. So they sell it for whatever they can get. 

The only way I see our getting out of this loop is 1) Poloniex fixes its STEEM wallets (which I'm wondering why they aren't doing for sooo long) or 2) the coin listing sites start excluding Poloniex from the price averages, the way some do for KRW transactions to correct for the inflated S. Korea prices.

For future viewers: price of bitcoin at the moment of posting is 7689.00USD

Wooooow.... 
So much info to gain from this post...
But the fact that your being plain bout this info makes it worth trying out...

_**"I've been trading now for nearly 40 years, but this is just my personal opinion and should not be taken as financial advise!"**_

Thanks for being truthful ... 
Life is all about taking reasonable risk and my guess is that steemit is an interesting risk one can take

do you suggest holding liquid steem in tether until it bottoms and we can buy back in.  I hate to see my steem and sbd  shrink as the price drops. I'm all in on steem but want to be smart as I can be.

Thank you @bycoleman for this well written, calming piece of analysis and suggestions. It's so nice to see a voice of wisdom backed by longterm experience in the time of widespread panic, speculations and scaremongering. I am also planning to buy some more steem soon and I also think we should all do it instead of mourning that we've lost something. There is no need to care about things that we do not have any power to change. 
Have a great day guys!

Nice summary mate. I’m extremely bullish on Steem as well. I just powered up above 500 SP in fact. If we do see Steem drop below $1 I’ll be buying up some more as well. That will be one hell of a bargain.

great articale for this shairing

Nice

Nice, but like you said, patience,we reveal the truth soon.