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[STEEM PRICE FOR DUMMIES] A Simple Explanation for the decline and the now for the rise. by mrprolific

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· @mrprolific · (edited)
$5.50
[STEEM PRICE FOR DUMMIES] A Simple Explanation for the decline and the now for the rise.
<h2><img src="https://s32.postimg.org/ubf7poplh/Screen_Shot_2016_07_31_at_6_15_44_PM.png" /></h2>
<h2>You've noticed a massive decline in Steem over the past week and you are probably wondering what the **bleep** is going on! Here is a simple and easy to digest explanation. Also what I believe we will see in the next week. </h2>
<h2>If you have your hand on the pulse of cryptocurrencies for any long period of time, you will understand how reactive the markets can be. </h2>
<h2>This past week and a half saw some not so favourable publicity on Steem. May I just add, it was only based on fear mongering and a ultimately an opinion piece. This most likely resulted in the steady decline we have witnessed. However, as anyone in crypto knows, bad publicity is not such a bad thing...it provides great buying opportunities. Please keep in mind there is a lot of scepticism in the world of crypto, it also happened to bitcoin back in the day and we know what happened there.... </h2>
<h2>One fundamental remains the same, if people are using the currency, the platform and the tech is expanding. The valuation will ultimately rise. </h2>
<h2>Fortunately the thing in Steems favour, is it's a currency which has technology that is actually being used, which is more than what most of these other crypto coins actually have. </h2>
<h2>To wrap us up..Steem is still finding it's feet, but with that said, the recovery of the price looks to have begun. Which is good news for all on here :) </h2>
<p>#steemit #cryptocurrency #steem #bitcoin</p>
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vote details (53)
@gab ·
I've joined because of that bad publicity. I kept hearing Steemit around but never gave it much thought until the hack. I looked at what happened but at the same time discovered how awesome the whole idea is!
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@isaac.asimov ·
Flesch Kincaid Grade Level
Hi! This post has a <a href="https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests">Flesch-Kincaid</a> grade level of 6.6 and reading ease of 78%. This puts the writing level on par with Stephen King and Dan Brown.
👎  , ,
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@nabilov ·
$0.49
Steemit will go to the roof ,when people will post more videos as it will become some sort of youtube also , cheers steemers :)
👍  
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@mrprolific ·
totally agree
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@relativelyboston ·
You seem pretty confindent that the price will rise soon, but I'm a bit more pessimistic. Looking at the price charts it doesn't really seem like the recovery has begun... 
I wouldn't buy right now, and instead wait for a small but obvious rise in the price to signal the actual start of recovery.
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@mrprolific ·
i am pretty confident, watching the price very closely and the moves over last few days. I think we will see low 40's by later in the week. Typically people are less active on the markets over the weekend. So, I'm confident the rise has begun..it won't be as dramatic as the fall however.
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@sisterholics ·
Thanks for the post, I found this really helpful, especially for a beginner like me!
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