Greetings for the price of steem,,, information is not good about steem prices, but I will write a little about this, hopefully it can be our lesson together.
In the past few days I have seen the movement of coin prices on crypto currencies show a decline, especially in the prices of Steem . This has caused anxiety to some of the steemian friends who have just joined Steemit. From my analysis there are a number of things that have caused a decrease in the price of Steem coins that have occurred, I will just explain this to my knowledge.
* Bitcoin is the currency that most influences the rise / fall in prices from other altcoins, this also affects the price of steem. Then why can bitcoin go down in price? If we can borrow a saying that "the taller the tree, the stronger the wind blows" means that the better a coin the more unpleasant issues that are spread in order to reduce prices, to the climax, people who can spread the issue can buy again at cheap prices.
* Many people panic sell, meaning that many people when hearing unpleasant issues then sell their assets, or even the opposite when they see the price of steem or SBD go up a little and Euphoria and exchange assets into rupiah, this also contributes to falling prices one of the crypto currencies.
Then what should be done so that the price of steem does not decline?
* HODL (Hold on For Dear Life) means leave it alone when the price of the coin decreases to maintain price stability going forward, do not sell / exchange to rupiah because it will cause the price to decline sharply, unless at that time we need more money, just sell it.
* Buy as much steem as possible and power up,
* Make steem an investment asset, whose investment name should be left alone for several years, because it could be in the future the price will soar and we will get multiple benefits.
* Monitor forbes online news about the movements of bitcoin and altcoins, this can be a benchmark for the future of steem
Regarding this, I have made a post on youtube with my own video, you can see in the following link:
