The Price Of STEEM Doubled In 2 Months
Tesla is the main story on Wall Street. The price more than tripled in 90 days. This is an astounding return.
In cryptocurrency when the price of something moves like that, it is no big deal. It is how different the perception is with Steem. Of course, a move from 10 cents to 20 cents when one bought in at $4 is not going to excite people.
▶️ 3Speak
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I think that means we need to double the all time highs... $18 sounds pretty nice to me. :)
We should mirror Tesla...triple to an all time high...
$27 sounds a lot better.
Posted via Steemleo
I also concur. 😎
I concur. 👌
So Much Money is Going to be Made and all you have to Do is be Patient while its being Built.........Thank you @taskmaster4450 for pointing this out almost everyday..........
Yes, I did notice! Thanks for sharing.
now is time for them to cost average if they bought at $4
I baught $1000 of steem when it was $3.5. So, $0.2 for me is nothing. I was here all the time from $0.8 to $7 to $0.1. Crypto is risky. It's a game, or you win in it or you lose. That's normal, we have just accept it.
Great news!
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Summary:
In this video, Task discusses the recent doubling in the price of the cryptocurrency Steam, contrasting it with the substantially higher increase in the stock price of Tesla over a similar period. He emphasizes the difference in reactions towards stock price hikes versus cryptocurrency price changes, highlighting the unpredictable and emotional nature of markets. Task reflects on the importance of focusing on development within the cryptocurrency space rather than getting caught up in market fluctuations. He also addresses the market's current perception of Steam and other cryptocurrencies, suggesting that they may be undervalued due to market ignorance of ongoing developments.
Detailed Article:
Task begins by noting the doubling of Steam's price in recent months, mentioning its increase to around 20 cents from a low of 10 cents. He compares this relatively small increase to the significant surge in Tesla's stock price from about $300 to over $900 in a matter of three months, underscoring the differing reactions to stock and cryptocurrency price movements. Task points out how market expectations and reactions vary based on the asset class and historical performance.
Drawing parallels between Tesla and Steam, Task argues that market valuations are often driven more by psychology, fear, and greed rather than fundamental value. He shares his belief that focusing on development within the cryptocurrency space is crucial, as markets can be erratic and irrational, as demonstrated by Tesla's recent valuation surge.
Task reflects on his experience with markets over the years, suggesting that markets tend to behave irrationally and overlook important factors such as ongoing developments in projects like Cardano, Ethereum, and EOS. He highlights that market sentiments do not always align with project progress, emphasizing the need to look beyond short-term price fluctuations.
Task concludes by reiterating his stance on market unpredictability and the importance of focusing on cryptocurrency ecosystem development rather than getting swayed by market volatility. He stresses the need to pay attention to ongoing developments in the cryptocurrency space and warns against blindly following market trends without considering the underlying fundamentals of a project.
In summary, Task's video delves into the recent price movements of Steam and Tesla, discussing the different reactions to stock and cryptocurrency price changes. He emphasizes the importance of focusing on project development within the cryptocurrency space and highlights the disconnect between market valuations and project progress. Task's insights offer a critical perspective on market dynamics and the significance of long-term project viability in the volatile world of cryptocurrency investments.