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You should have seen the way my eyes lit up when I saw the price of steem at almost 2$ last night, its interesting how such a little rise could mean so much to steemians, you should see how my friends leaped for joy, do you know what I did? I ran to my laptop to confirm if it was for real on coinmarket cap, whoola, I took screenshots and posted it on my blog asking people what was going on, meanwhile, I rushed to my laptop to see if it was the same on bittrex, because about two months ago, there was a sudden rumour that steem and sbd rose to about 20$ and 30$ respectively.
Only for us to later find out that it was a glitch. The explanation to it was quite annoying, just as the that happened again last night.
I was so happy, infact happy is an understatement, to see steem rising again only to know it was a glitch again. Sadly. I really dont know what it will take for steem to rise, this dip has been for soooo long, some people are speculating that steem is bound to rise after the hardfork 20, but then again its quite bleak to think that the internal development in steemit is going to have an effect on market price, but then again who knows, it might just be so.
I have brainstormed so many technical reasons as to why bitcoin is low like this, but the dip is beyond technical analysis, because technically, bitcoin is meant to be high right now, according to demand and supply, from the angle of its market cap, more than half of all the bitcoin in the world has been mined, which is meant to make it more expensive, so technicality does not explain the dip right now.
How confusing. Last night it seemed like the prayers of a bunch of people got answered when the price of steem leaped to 2$, I wonder how people will feel if the price leaped to 10$ or 20$ and is actually for real, goodness, it will feel so good. I know it will happen, sometime, in the meantime, keep steeming and touching lives...