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RE: Why is Steem market cap bombing while Bitcoin and others fly ever higher?

in #steemit7 years ago

Trevon says part of the reason Steem is losing bvalue is because he's been powering down.

So long as Steemit keeps increasing it's value on the inside (people keep joining/content/development), if the price keeps dropping then it will eventually catch the wind and the moon train will be ridden back up again.

You have to ask yourself why prices are going up and down.
skyrocketing prices might be a sign that it's being pumped and dumped.
prices going down might mean the whole market is down

What you want to know is not whether steem is going down, but whether it's going down because of some kind of negative news about Steemit which would call into question the actual value of the platform.

Like "xyz just said they're going to quit the dev team and a security exploit reveals every users nudes", or "NEW Steemit Rival just launches attack on Steemit users promised free cocaine, no security exploits that reveal their nudes, and to double the value of their steem to switch to their system. "