Community post
REPOST-STEEM PRICE WARNING⚠
Please be wary -- the meteoric value of this concurrency doesn't have legs..
Take a moment and look at the the volume of other cryptocurrencies here:
http://coinmarketcap.com/currencies/views/all/
Note that Steem has the lowest volume:price ratio of the top 10 cryptocurrencies by a huge margin.. It jumped by over 150% in value, or an appearent increase of well over 770,000 of trading!!! It suddenly exploded in value because it's gained significant interest and for now there are more buyers than sellers on the markets, which has created an artificial supply shortfall.. As sellers start transferring funds and cashing out and interest wanes, and it'll implode.. Just look at the market depth (order book - set price range to 100% or all): https://bittrex.com/Market/Index?MarketName=BTC-STEEM
Be warned -- not a good time to buy!!!
Replies (8)
I bought power ups yesterday. Not worried at all, it's just digits in the cybersphere.
well if you do not worry
Good call brother, just take a look at my wallet. I power up every few hours daily. This coin is a long term hold for life.
I know... That's a cool, and a very brave statement. Nice to know there's faith in this currency. I followed you.
Are you planning to post blogs or anything, or do you just comment and curate? :) It's just that I still wonder which path I should take.
I know I'm not much of a writer, but I like doing it anyway. Haven't been able to make much of a return for my efforts yet though. But I will keep on trying, and also talking my friends into joining Steemit and committing their own content. (I already convinced one of them.)
The more steemers, the merrier, right?
Nice brother, yes for now I just comment + curate. I am planning on blogging eventually. Time is not right for me. I think you should do what you feel, take your time. The site is still in BETA as well keep in mind and I imagine there will be a host of new features added throughout the coming months.
Banned as part of a group of accounts participating in:
ID Misrepresentation
Plagiarism
!cheetah ban
Disputes and inquires can be made on steemit.chat in #steemitabuse-appeals.
Okay, I have banned @steemitwarning.
Why ?