So I logged into my Steemit account and I saw my account balance around 40 cents lower. I checked the price of Steem dollars and the price dropped to $1.86. It was around $2.12 yesterday.
So does that mean I should worry? I don't think so. I'm new to trading, but I keep seeing the price going up over time, so it's still higher than it was months ago. A week ago I saw it was only at $1.50 so it's still doing really well.
I believe the price will go back up, and will reach higher than $2.12 soon! I eventually want to start trading Steem dollars on Poloniex, but I'm still building up my trading skills.
It was a pump so it just will go down when the pumpers start to cash out.
Yeah, makes sense. I personally would be fine if the lowest it goes is a dollar.
excellent time to get new post payouts created as they will only rise up;)
I agree conradhann! I'm waiting for my 10 dollar day to payout in 3 days! 100% going to steem power.
Upvoted and re-steemed nice analysis.
Very much appreciated dolte.
This is perfectly normal. Crypto-currency is a volatile market and so it will go back up again. Just keep the faith and Steem on!