Ethereum struggled, Steem didnt care.
So in my crypto-portfolio you can see I have held Steem Dollars. That has given me greater returns than Steem would have.
Now I want to switch, but increase portfolio level. I feel Steem is giving me a better risk/reward situation.
So what makes me like Steem?
It has in my view (even though I havent used it) a great platform. If you check their stats you can see they currently have 334. 25K users and have given out 22.7M in rewards.
That's some good numbers. I would recommend to try it out: http://www.steemit.com
I think the userbase will grow strongly with the record breaking numbers that are entering cryptospace.
That should equal higher price.
Steem could potentially change some of the ways we do social media.
BTC pairs arent my favorite, but what can you do.
Though, I am liking my and planning to use for some very quick daytrades.
Besides that I am looking at the fib levels and have outlined where I think we can meet resistance.
My target for this is between the 0.786 and 1 from recent downturn. 80-100k sat :)
Time for an update. Still bullish on Steem, but would advice to take profit from the 0.618 fib. Always smart to take some profits :)
Not because I think it can't go to my orginal target, but because I am going from a 30 coin portfolio to a 20 coin and sadly Steem had to go.
Still bullish but liking my other coins better right now.
Out with a nice 112% profit :)
Spreadsheet not updated, koinworld has gotten a preview on my new portfolio.
It will be updated fully sometime today though :)
Happy I was able to help you out.
I've sold out from Steem and it looks to have taken a beating. Maybe now would be a great time to buy? Idk, have to many charts open as it is, haha :)