STEPN (GMT)

[Loco1887]

Is it a good buy now after it dropped 37% because of the china ban? i fell like it could bounce back soon

[1714830056]

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[1714830056]

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[asriloni]

Is it a good buy now after it dropped 37% because of the china ban? i fell like it could bounce back soon

It's a good buy for short term but i don't think this gonna be good for long term. https://www.coindesk.com/business/2022/05/26/stepn-to-bar-move-to-earn-for-china-based-users-in-july/

I have been reading the whole of article and i wanna say that if stepn was facing another problem here. It's caused by the pretty similar case like axie. people shall buy sneaker to play which lead it into the ponzi mechanism.

Im sure that the price will be bounced back again but not for this time. This may go even lower than before.

[cryptoaddictchie]

Is it a good buy now after it dropped 37% because of the china ban? i fell like it could bounce back soon

I think its quite risky since a huge dump happened. Also China waking anytime soon, the impact of the news might get it lowered and looks on the btc status isnt also favorable it could dump more. But check the technical analysis, it might also bounce too, asriloni is right it could be for short term or wait for the day to end before entering.

[dansus021]

Hey if you think is good just buy it dan fall with china ban, china always ban

And i see this become new trend i saw lot new token adopt stepn tech there is walk to earn bicycle to earn etc

[Godday]

I think if you plan to take a little profit you can try to buy it and then you sell it with an additional difference of about 5-10%.  But if you are planning to invest long term or you predict it will bounce upwards above 20-30% I think it is quite risky.  If we learn from what has happened, many coins or tokens have been banned by China but most of them won't affect the price for long time...

[waybesuricata]

Projects with a specific concept are getting hype every period. Recently movetoearn projects have been in high hype. Stepn (GMT) suffered a serious decline due to bad market and news from China. During this period, many movetoearn projects were preparing to enter the market. Let's see how this ban will affect them?

[MidNite36]

Not a good time to start buying anything apart from bitcoin and stable coin, the market is very bearish and it's not showing any sign of recovery soon, the down trend will continue for a long time I believe, probably just like 2018 to 2020.

[Loco1887]

when i wrote yesterday it was at 0,80€, now its at 1,00€. good read by me

[zasad@]

https://www.coindesk.com/business/2022/05/26/stepn-to-bar-move-to-earn-for-china-based-users-in-july/
https://twitter.com/Stepnofficial/status/1529863104091152387
"Stepn said it will stop providing GPS services to users whose IP address or GPS location shows them in China on July 15. Without GPS services, players who own its members"
A lot of people will lose money in this project, especially those who are investing now.

[JangoUnchained]

Terra Luna should serve as a good example to those who wants to learn, altcoins are bad right now and yeah I understand that a bear market is the time to start buying but this is just the beginning of a bear market and it may last longer, the longer it lasts the more people will panic and sell for loss and value will go even dipper..

[kojektea]

The impact of China's ban is indeed reinforced by the current bear market conditions, causing STEPN to fall quite sharply. But I see very rarely any popular Move To Earn project even until now only STEPN is really popular. I think this sharp decline is indeed very beneficial to buy below to keep it long term until the concept of Move To Earn is widely used I believe STEPN will be the first to explode.

[Little_Sister]

The impact of China's ban is indeed reinforced by the current bear market conditions, causing STEPN to fall quite sharply. But I see very rarely any popular Move To Earn project even until now only STEPN is really popular. I think this sharp decline is indeed very beneficial to buy below to keep it long term until the concept of Move To Earn is widely used I believe STEPN will be the first to explode.

Since the rise in GMT is currently very dominant, there is hope that during normal markets there will be a significant increase, maybe we can take advantage of the decline in the market to buy GMT when prices are lower, currently the volatility of the decline in GMT has started the impact of the decline in the crypto market.

[bittick]

when i wrote yesterday it was at 0,80€, now its at 1,00€. good read by me

It will always bounce sometime. The dump will not be forever and that was another panic sell that caused by the bad news for GMT. You are making the right point if you can go at the dip and then you may get instant profit from scalping GMT but remember if this is a very risky decision to be taken. It's not all of people able to take a very difficult decision like yours. You are so lucky enough to say that if you are able making profit from the dump that already occured.

[alisonwonder]

then you may get instant profit from scalping GMT but remember if this is a very risky decision to be taken. It's not all of people able to take a very difficult decision like yours. You are so lucky enough to say that if you are able making profit from the dump that already occured.

There is an opportunity to profit from scalping from GMT, but be aware that it is risky to trade when the Bitcoin market is in resistance, so if you are scalping then make sure the GMT price is lower than the current high, maybe 0.9 is the right price in my opinion and the target is 1-1.2 maybe hope can be achieved.

[tvplus006]

For those who wanted to buy sneakers not for speculation, but for the game, now is a very good price to do it. As for the price of the GMT coin, it seems that the coin has already touched the bottom and, accordingly, with the next growth of the market, it should bring a good profit to its investors.

[Crypt0Gore]

Coins like STEPN isn't in my mind since it's everyone's target already unless a mighty crash happens like that of 2020 March crash then I will buy top altcoins like Stepn but honestly we still don't know how the project will perform in bear market, we might see more dips in coming weeks.

[WalkerIVIV]

an investment that was bought after the market fall in values is always a lot more recommended, after all it gives you great position. although it also depends in the investment that you were invested itself, but STEPN in this case was still in pure trend, I couldn't yet see the real value of STEPN even after it has fallen around 30%. You know it's like still in its early stage where you could hardly judge the real valuation of a project, regardless if you instead wanna earn from buying their NFTs I think that alone could do.

[lobo13hf]

when i wrote yesterday it was at 0,80€, now its at 1,00€. good read by me

Buying the dip will always become the new opportunity for sure. You shall aware about that too, GMT was the most potential move to earn project in the crypto. Im sure that when this dumped so hard and there will always be a recovery for GMT. The pattern is quite easy to be predicted and i have bought at the dip as well. It seems like that we will see another dip to come soon with the bitcoin sentiment that was still feeling bearish. i hope that time will come as soon as possible