I usually don't post a lot about trading and the cryptocurrency markets, but today is an exception. Steem has just gone below $0.50 and 0.0001 BTC, which marks an all time low in 2018 for the Steem price.
Needless to say, I'm a little bit bummed out that there seemed to be very little support, to keep the Steem price at an acceptable level.
One thing that we should remember though, is that the Steem price was still a lot lower back in the beginning of 2017. Before the bull run started, Steem was trading at less than $0.30 up until May 2017. We're still somewhat far from that happening again, so I wouldn't worry just yet.
To Buy or Not to Buy?
This is of course something that everyone needs to decide for themselves, but I'm personally not going to be investing a lot into Steem for now. I'm switching over to invest more into Bitcoin, since that's where my roots are and I'm seeing less volatility there as opposed to Steem.
I've powered up to around 3100 Steem Power, which I think is more than enough for now. I need to see some real changes and improvements first, before I invest more. I think this is not too much to ask.
Not that I'm saying that Steem is a bad investment, I just need a little bit more than just promises, to be able to invest more. This isn't an attack towards Steem Inc. - It's just my own common sense that tells me to diversify my investments a bit more.
Conclusion
I really hope that some big investor would come around and notice the potential of Steem. We could sure use a big investment right about now, definitely if we want to keep the Steem price at a decent level.
Until that happens, I'll just keep blogging, even though the earnings really aren't that great any more. Well, they never have been that high for me anyway, so I really shouldn't be complaining.
What do you think about this recent price drop? Let me know in the comment section!
