Wednesday, 24 August 2016

Steem - Bitcoin Analysis August 24, 2016

Steem - Bitcoin Analysis

Steem hit my target of about .00185 but where do go from here. Bitcoin is setting up to pop and apparently Steem is naturally inflationary (so I've been told and read about - makes sense). If Steem is naturally inflationary, then I would expect the price to continue going lower if Bitcoin goes higher.

Don't despair, even though Steem could continue to decrease depending on the amount of withdrawals, people signing up and increase in Bitcoin price.... you still increase Steem Power by participating. My account increases by about a percent everyday.

If your a good writer, with many followers...... your going to make money with this platform.

Note below... My Steem Power is increasing and not a heavy weight in the platform. Increasing about a percent a day, but that's with Bitcoin somewhat flat.

It will be interesting to see how Steemit progresses up to the end of the year. We'll have a better picture then.

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