Steem and the Altcoins have been on a bit of a pullback recently. How will Steem perform over the remainder of the year and what are you going to do if opportunity comes a knocking...?
Ever since I started here on Steemit in June of this year, I have been patiently waiting for Steem to pullback to under $200 million dollar market cap. This was based on previous price points, volatility, and how the market has been in a super bull run... I assume we could have a bear run at some point soon.
The market has really come up massively and from the research I have done, the overall market has bear runs every so often. It has been awhile now and everything has made leaps and bounds.
Another reason is the Steemit platform and the development has work to do. If this platform was set up to work as efficiently as Facebook or others, I would not hesitate to power up now and invest at these prices. I believe in the core system of Steemit but know the market needs to see a better put together package, without these attacks and other problems before we sore to the massive heights we are capable of...
It is taking some time and may take longer but after being an investor in real estate and the stock market for over 8 years, I understand the value of being patient and sitting on my hands for my opportunity to unfold. Then I have no reason not to go all in as possible in a investment that has much better odds then jumping the gun. There are ton of opportunities always, so no need to worry.
I will be buying as much Steem as possible and POWERING UP!! We will all benefit as there will be more rewards for all!
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