I'm afraid there is something going on, something higher than two of us can know :(
Losing almost 50% vs BTC in a month is not normal (from 104 to 57), not logical
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I'm afraid there is something going on, something higher than two of us can know :(
Losing almost 50% vs BTC in a month is not normal (from 104 to 57), not logical
Yes, I've seen more people commenting about the lack of volume on STEEM as well... I don't know why it is, I do know it doesn't make sense since Steem is doing great in terms of development/new apps being launched/future prospects/scaling. We'll see!
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According to @archange 's posts, the base of active users is shrinking. And that should be reflected on price :(
It's a loop: lower price is less users and less users might reflect price :-) But it's never the full story and I'm very sure Steem is incredibly 'ready' to go UP in the next bull market :D
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That's the catch... If the project/love is great, there is no need for money.
People are on FB, Insta, eBay, Amazon... because those are great digital products.
The fact that people are following the price is proving that Steemit is not a good product. The same goes for any other product, food, cars...
Additionally, one could see the last weeks that with higher volume the price dropped. This is normally the other way around.
This happens when single persons/institutions (steemit inc.??? - they removed a lot of steem) sell large amounts at no matter which price to get some fiat money and pay their bills.
Hopefully, we will see this turn around soon again. I'm thinking of investing again at this much too low price ...
Hehe - wise man! Yes, Steemit Inc is selling huge chunks still unfortunately. I personally hoped they would stop that when they started earning some money from the ads they display on the platform nowadays :-)
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