spacetrader

still one of only few crypto applications with a product out

Long
spacetrader Updated   
POLONIEX:STEEMBTC   STEEM / Bitcoin
high risk spot long, don't listen to me.

still one of only few crypto applications with a product out

higher high and higher lows got my attention.

price breakout is confirm.

hard fork to remove 90% of powerup time and 90% of inflation was a good step to making this a viable decentralized reddit.

with inflation under control 9%-<1%/year, the tokens value is no longer diluted as drastically.
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I noticed play button doesn't update usd value (to account for whoever is arbitraging alts on btc moves), but still looks ok there too
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Looks like no MM interest visible yet. People still powering down and selling. I can see fiat value still ranging through arbitrage or due to accumulation - common to poloniex theme. momentum down is pretty significant for the low volume, but it's hard to judge. I will consider this wanting another leg down below $0.1, but for now this seems like stable floor. ipfs integration into steem and lack of competition seems bullish fundamentally. ability to check history of any post is quite nice due to blockchain steemit.com/steemdat...history-for-any-post . Only competition I've seen is maybe akasha, but that seems to be aiming at different media closer to facebook. steemit.com/blockcha...-steemit-of-ethereum and ethereum is about 4 orders of magnitude slower in speed than graphene powered steem which causes many reviews to cite slowness. This is still one of the fastest blockchains (100,000 tps) and worth keeping an eye on.
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had a final sell off, now appears to show record high usd volumes. I been moving some profits from eth/xmr into bts/steem, it was long shot, but maybe fiat chart looks promising:
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cool. steem and ipfs powered youtube alternative launched: dtube.video/ and dev: steemit.com/video/@h...using-steem-and-ipfs
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accumulation region was caught pretty well before, now Im' doing 2 plays: either buying the low retrace to close the gap below or buying on continuation - hasn't confirmed yet either one.
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