The ultimate low for STEEM is a little under 6000 satoshi (it's 6690 today).
It was March 2017 (BTC was around $900, so in USD STEEM was around $0.07).
I was buying a little bit at that time and it was so hard.
Literary throwing money into the toilet, month after month.
Money I could have used to do fun stuff instead.
And then this happened one day out of the blue:
In only 3 days all that toilet money became happy money.
You just can't time these things.
Today I do see a lot of similarities with that time, but it's not completely the same.
The biggest difference is that back then BTC was at the beginning of the bull trend and we are in a bear trend now.
And another difference is that everyone was powering down at that time (because Steem was dying) and causing massive selling pressure.
But that's not the case now. In fact people are powering up.
So, I'm having a hard time this time ascertaining how heavy the impact is of all these factors.
When I look at the current price I think STEEM is a good deal for what it is.
With 83,5 million liquid STEEM out there @ 22 cents it would 'only' take 18 million to remove all liquid STEEM from the table and before that happens the price would sky it obviously.
With 10.000 accounts that means $1800 each. Which is a lot of money but imho not outside the realm of possibilities.
And the numbers just get better when Steem price goes down. Especially when you take into account that many don't want to part with it once they have it.
We also recently been added to https://www.stateofthedapps.com/ and just looking at that list should tell anyone this blockchain is far from dying.
The huge doubt factor for me and maybe a lot of other people currently is Steemit inc. and the silent treatment.
Haha, in all the years Bianca and I been together I only got the silent treatment once (don't ask). And it lasted for just 2 days. It felt horrible.
This feels pretty similar @ 9 days, although the impact of the feeling is slowly moving away from 'O no! this relationship is over forever' to 'I think I will live'.
But in the end, I do hope that the make up sex will be epic rolling around in the RocksDB together :)
Anyway, all fun and jokes aside, I have been assured by @andrarchy that work is still continuing and if I put aside emotional feelings then it doesn't make sense that they would just abandon this project.
So I buy with a certain level of confidence. Gradually. Today again.
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