Alright, I think the time of Steem has come, so I have bought ~13,000 Steem worth about 3 BTC. I think the price of Steem will go up now in the next couple of days, for various reasons that I will detail below. I also think that the downtrend will finally end.
In the past article I have just talked about this, how Steem has a deficit between inflation and demand, however, when I wrote that, the price just went up, which was my trigger for buying. I like to test the waters first, and it has passed the test for me, others are already looking into it, so I have decided to invest too.
When the demand starts growing, and outpaces the static inflation, that is the point when the price will rise, and I think this time has just come right now. Let me list you here the reasons why I think the demand is growing right now.
The Flashpoints
- Busy.org PUBLIC BETA seems to be coming out in 2 weeks, which is a Steem based social media just like Steemit.
- Golos.io is growing in users. Although I believe Golos is a separate blockchain, however it can draw a lot of users from Russia, that could sign up to both platforms eventually. So we could share traffic.
- New Hardfork pending with a lot of improvements, last time the price went up before the hardfork, so could this time:
@steemitblog/steem-0-17-change-proposal-introduction
@steemitblog/steemit-com-ui-release-0-1-170111 - Anarchapulco is coming in February, where 1 day will be dedicated for cryptocurrencies including Steemit. I believe the Steemit founders will be there too. And given how many investors are going to attend it, I believe we are going to get a lot of Steem buyers from there, the @dollarvigilante has already been promoting Steemit, but this conference I believe will be the big one, with the most success!
https://www.youtube.com/watch?v=92K3ofHM5Fc - THE TRIGGER: Everything listed aligns up, only a trigger is needed, which just happened in my opinion:
And this would be my longterm target. It may not reach it this time, but this is sort of my price guidance:
So yes, I think the time of Steem has finally came, after 5 months of being here, now I see the success coming. If anyone wants to buy Steem now, then I think they should use @blocktrades, because they offer a larger quantity for purchase than Shapeshift for example. Shapeshift had a limit of ~0.2 BTC while Blocktrades allowed ~2 BTC / trade.
This is the BUY button, at your profile page for educational purpose:
Now let's hope the price will go to the stars, Steem has a lot of potential in it, just about to be unleashed!
Sources: https://poloniex.com
Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
