| json_metadata | "{"app":"Musing","appTags":["steem","steemit","blockchain","reward","price"],"appCategory":"steem","appTitle":"I wonder why many Steemians believe the price of Steem will rise on the 12th month?","appBody":"<p>There are no guarantees the price will be $8 by the end of the year.</p>\n<p>Normally what happens with all the crypto currencies is November and December are the months they start to move upwards and it peaks in January/February.</p>\n<p>This year could be different though as the big investment houses like Trinity House have announced their intentions of investing in crpto. This changes things somewhat as they are joining in February/ March next year.</p>\n<p>If you think of it from a business perspective they have over 7.2 trillion Dollars and this one company alone makes the entire crypto market look very small. For them to invest they want the prices to be low so they will get the best return for their clientele. The reason for the prices still being low is market manipulation. It wouldn't take a lot from them or others to keep bitcoin quiet buying and selling keeping it on hold. If you control the buying and selling end of the market you can manipulate the prices.</p>\n<p>Due to this we may fined the markets subdued until the early parts of next year. On the other hand if we look at the charts for Bitcoin for the last few years the charts are being mirrored and if that is the case the prices will rise. For Steem to reach $8 or $10 it is not out of the equation as it is possible.</p>\n<p>I wouldn't bank on any of this happening and the safest is to just hold and wait and see. No one has a crystal ball on exactly how the price is going to go but if we go by history we will see a huge increase very soon. maybe not exactly on time according to what others say due to manipulation but definitely early next year.</p>\n<p>I hope this explains some of the reasons and one mustn't just listen to others but do some research themselves.</p>","appDepth":2,"appParentPermlink":"p3ldzfk95","appParentAuthor":"rijalaronaceh","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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