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RE: Would You Buy "STEEM" at Current Prices?

in #life • 6 years ago

I bought about $10k worth in the $.33 area... Not looking so great now. :)

I am not sure whether or not it's a good time to buy. A lot depends on development now it seems and what we have so far doesn't appeal to many beyond a couple hundred or couple thousand users. We will need to do a lot better than that.

I think if Inc would stop selling 200k every week, it would certainly slow the slide. Hopefully that ad revenue of close to $100k last month wasn't a one off event. If it wasn't, we may have something here...

6 years ago in #life by
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         6 years ago 

        The selling certainly don't help none, that's for sure. Although I'll take the financial growth situation down at Steemit Inc. at face value and expect more good news in the future.

        It's hard to pick a bottom in STEEM but I do think your buy was solid, given that we're fast running out of room to the downside. Current prices are looking mighty tasty right about now. After all, what's the worst that can happen buying in now??? :)

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               6 years ago 

              If they really are generating $100k per month, at $.10 we would have a $30 million market cap. Steemit is just one app generating revenue, yet steem is a global product. At that point the valuation wouldn't seem very speculative at all...

              Things can change of course fundamentally, but I look at that $.10 number as a potential floor given the current fundamentals.

              Hopefully we don't get there though.

              Now, if we can get some improving fundamentals, we can start talking about raising that floor... :)

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