Good opportunity for Steem investors

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For the past few days, we would have noticed that the price of Steem is continuously dropping and at the same time the price of Hive tokens are a bit stable. Today I purchased some Hive tokens from the Bittrex market for 3000 Satoshi and moved it to my Hive wallet. I wanted to power up my account a little bit. This amount is what I received by selling my Steem holdings. If you had read my previous articles you would know about what I've been doing. I initially sent my tokens to Binance and did trade there and further sold some of my Steem on Bittrex after deposit and withdrawal were opened on Bittrex.

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I used the current situation to purchase some Hive tokens from the market and powered it up. If you see the above image, I have powered up 500 Hive tokens today which I moved from my Bittrex account. I'm happy to see my overall Hive stake increase further to more than 7000 right now. I always wanted to have at least 10,000 stakes with me. Now that I'm going to focus more and try to get my Hive Stake to over 10,000. I hope the Hive platform brings more opportunities for investors and stakeholders.

Many people have already started dumping their Steem in the market as soon as the trading was made open on Bittrex. I'm able to see the price dropping below 2150 on Bittrex. I would say that this is a good opportunity for people who still have faith in Steem and would like to purchase and accumulate more Steem.

Good opportunity for Steem investors

From the day the split happened, there are both Hive supporters as well as Steem supporters. When the split happened the price of steem had a massive hit and dropped. But there were people who wanted to use that opportunity and bought more steem even after the split. That contained the price of steem in the market to a decent value. I believe those were the people who wanted to continue on Steem irrespective of the blockchain split. I'm not going to blame them because people see opportunities from different perspectives. To be honest, centralization is everywhere but compared to the other platforms after the entry of Justin Sun, Steem faced lots of centralization.

There was this group of people who were waiting for the exchanges to open trading and were waiting to dump their Steem to convert them to Hive tokens. I guess after the launch of the Hive platform, many people have way more hive holdings than they had on the Steem platform. I guess after a few weeks it will all settle down and people would either flow their assets from Steem to Hive or from Hive to Steem. After that happens the price might get stable. But for now, one good thing from the looks of it is that the price of steem is falling and it is definitely a great opportunity for the Steem supporters or Justin supporters.



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2 comments
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thanks for the information, I will also try power up this time.

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