STEEM PRICE
As most of you will know STEEM appears to have recently seen a breakout off the bottom and though it is still early days the initial signs are very encouraging..!!
At around $25 million, STEEM still remains a sitting target and is something that I cannot stress enough, this concern that I have.
Recently I talked about the difference between a desire for STEEMIT to succeed vs. a desire for STEEMIT to fail.
Obviously, I want STEEMIT to succeed and deliver this Killer Application I strongly believe it has the capability to do so but realistically for the desire for STEEMIT to succeed I would like to see it stay comfortably in excess of $250m - $500m and out of reach from the vultures.
This desire to succeed vs. desire to fail is something so critical I cannot begin to tell you how important and critical this is.
In the next few days we'll have a more clear picture technically as to whether this latest breakout will stick.
Personally from the initial observations things look very positive.
Thanks again for reading.
Stephen