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Time to buy Steem? -- I think so! by chitty

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steem · @chitty ·
$1.22
Time to buy Steem? -- I think so!
**DISCLAIMER: I am not a trading professional and you could get absolutely rekt by following my advice, please do so at your own risk.**

____

Like @kevinwong righfully stated on [his post]( https://steemit.com/meme/@kevinwong/when-your-coin-turns-around-and-shoots-for-the-moon), today is the end of the first big wave of 3 month power downs. 

I took a quick look at the current [rich list](steemd.com/richlist) and I found that most of the big dumpers have gone or their stash has been greatly reduced. 

Apart from the fact that most non-believers have gone, we also have hardfork 17 coming up and a lot of positive changes will be introduced. 

To top it all off, I have seen a lot of support in the $0,085 – $0,09 cents range.

I am however cautious about other big holders starting their power downs now as there should be less selling pressure, so keep an eye open and your trigger orders ready. 

![e75aec3d-dedb-4578-97e5-e27cb886f841.png](https://steemitimages.com/DQmUKTQ78N4PcEV5MZhRMCHnWC6cfj5jJV3VQsscidapTEY/e75aec3d-dedb-4578-97e5-e27cb886f841.png)

*Another crypto trading tip: Buy Litecoin & Vertcoin and ride the segwit speculation wave*
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vote details (120)
@eroche · 
The coming weeks will be volatile for Crypto. 
Dash may pop, or continue to go up, Bitcoin could go either way too, Steemit has been depressed but I hope it will turn around soon. A flood of cash out of bitcoin could end up in STEEM.
👍  , , , ,
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vote details (5)
@chitty · (edited)
I think Dash will Pop, I admit I did not see that pump coming. 

Bitcoin will be very volatile, it could go down depending the ETF result, but I do not expect it to go lower than previous lows ($800).
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@gamer00 · 
I decided to get absolutely rekt and got me some steem.
👍  , ,
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vote details (3)
@steevc · 
I hope Steem has bottomed out now. I'm not cashing out, but a better price would help confidence in it. Steemit will keep working anyway
👍  , , ,
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vote details (4)
@chitty · 
Free market should find its way!
👍  ,
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vote details (2)
@steevc · 
The free market has a tendency to go its own way. That may not be the way you would like :)
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@teamsteem · 
I would stay away from lifecoin and vertcoin due to bad wealth distribution. 

https://bitinfocharts.com/
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