RE: Bitcoin hits 90-day high, will STEEM follow?

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RE: Bitcoin hits 90-day high, will STEEM follow?

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markkujantunen in #crypto • 6 years ago

STEEM did pump in March to April, remember? It went up to 55 cents until it fell to about 35-40 cents and finally to 29 cents after BTC started rocketing. Now it's at 38 cents. I think the first pump was caused by crypto investors finding outdated information put out by Steemit Inc concerning the planned launch of SMTs in March. This is how poorly informed crypto investors tend to be.

Yes, I believe STEEM will rise with BTC and the rest of altcoins. There will be much volatility and many random fluctuations along the way.

6 years ago in #crypto by markkujantunen

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andhovesyan 6 years ago

Seems like I'm one of the poorly informed people :)
SMT lauch was planned for March and I wasn't able to find any other info from Steem Inc. about new release dates.

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markkujantunen 6 years ago (edited)

Yes, SMTs were planned to be launched in March. But that was ages ago. Enter capitulation in November and Steemit Inc put everything except MIRA on the back burner. The old release date was still floating around in the cryptosphere to which investors reacted as the lemmings they are.

If we want a higher STEEM price, some sort of marketing is an absolute must. The information out there on Steem is simply garbage. It doesn't help that a number of frustrated Steemians have quit because of past mismanagement by Steemit Inc or because many of them saw their rewards tank after the unsustainable initial pump - and continue to badmouth the project.

Steemit Inc may publish new release dates in the near future because, as far as I know, they are planning to get SMTs done after MIRA has been rolled out and the kinks ironed. But we don't really even need SMTs because we have Steem-Engine. The cryptosphere knows practically nothing about Steem-Engine. With all the recent developments, I think STEEM would deserve to be priced at something like $1-$2 rather than 35-40 cents.

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andhovesyan 6 years ago

Thanks, mate, it's really helpful!
I see there are many good projects developing here and hope it will cause steem to gain more popularity in the future and hope Steem community will become more involved in the future!

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