Why Steem is Dropping
There are many factors not only 1 factor which is destroying steem value and it is dropping hard and finding no support to stay and keep calm . Steem was in Top 30 Coin in 2017 But Now ranked on 75 The volume of steem is dropping very fast and There is total 35% drop in 1 week and 160% drop in 2 month And 600% drop in last 1 year , This situation is very Alarming and critical Steem team should work hard to improve steem economics Otherwise we will have no value of steem coin in Future.
Currently there are many reason of price drop.
BTC price Hike
Unfortunately Btc is holding 61% of market dominance which is very high in 2019 This lead to all investor think that Btc is going to Moon and every one want to hold Btc they are selling their alt coin at any cost , They just want to hold Btc to decrease their losses from Alt. If the bitcoin price remain stable we can survive in current market condition if Btc keep going high i see the price of Steem will be 100 satoshi in future which is very curst . OUr community should take hands together to over come the current situation. Currently the people who sell steem in low price should hold steem and remove sell orders from all exchange, It will increase the demand of Steem and buyers will be ready to buy steem at high price if you keep selling steem at low buyer will keep buying lowest so sell steem but remember steem coin you make is work of your day night effort on steem do not make your effort worthless and cheap . second thing if you are holding bitcoin keep buying steem for support this network.
Hardfork 21 and miscommunication
Hardfork 21 will be done to improve steem economics but many steemians are worried that if reward will be drop no one like to stay on steem This is a negative thought about HF21 , Tell me how many big coins are giving reward to their users or month reward or social reward for posting ? No one only steem but all these coins are going high because They are not easy to earn as steem . Imagine if you earn a coin easily and free you like to sell it easily because you attempt nothing . and if you get a coin with hard struggle you will not agree to sell it on cheap , so here the fact HF 21 will make difficult to earn steem reward for authors so they will understood the value of how to work hard and earn from steemit. and then when they earn steem by working hard and get less reward they wont sell it continuously and daily. So Hf21 will decrease the reward but improve the Steem price For example if price move to 35k Satoshi from 3k satoshi Due to hardfork21 This is better or price move to 100 satoshi due to inflation ? choice is yours , That's why i completely support Hardfork21 and witness who are doing this effort .
My Final suggestion to Improve Steem Price
1-- I saw the post reward is going as steem and people earning more and more steem now a day i suggest to give SBD instead of steem in post payout for some days so that people unable to earn steem so they will keep steem which they are holding and it will increase the demand.
2--- Second thought is that Steemit inc should invest in steem market with the advertisement revenue comming from google adsence and try to maintain steem price so people avoid become panic.
Who are selling steem in low price?
Steemit Inc itself?
Posted using Partiko Android
nobody knows but probably that as well as traders who have gotten into a mindset of Bitcoin up equals sell alts. Its neccesary for this to happen and for all the easy money to exit before it can go up again, if it is to go up again. Market cycles are utterly brutal in crypto.
10 first most valuable votes on your post are bots, as far as I know them. this is the reason steem is dropping. we are writing for bots not real people!
Hopefully the incentive to flag after the Hf will make using the bid bots unprofitable
we have been waiting for that!
@honarparvar wrong thinking i am constently power up from last year never sell steem the bot owners are selling the bids they got from authors
you are not tolerating my comment and flag it! it is absurd...
@honarparvar keep shitting and feeling jealousness from trending posts
Jealous? Getting a post on trending is the easiest thing to do here.
@nonameslefttouse I do not know why more americans are racist they hate asians and i understand we do not have high grammer english like you but this does not mean to critisize on everyone for that steemit gives us freedom to speech and if you angry with bots please talk to witness to stop bots , Actually people never curate on steemit and do not even look at the posts to get attention a person has to use bots to come on trending and second thing in my view bidding in bots not always profitable what we invest some time loss but we instead of selling our steem we start putting on bots so if bot owner sell our assest this is not our fault . So stop spreading hate if you do not like any one post Mute it
Why are you accusing me of being racist?
My downvote was not racial profiling or something zany like that.
I was able to read it.
I would be a terrible at writing in your language. I can admit that. If I were to learn a bit, and write an article for your local newspaper, would my article with grammatical errors make the front page of your newspaper? The answer is no. We both know that. I wouldn't stand a chance.
I simply don't feel this post is front page material. It's nothing personal. I did try to contact a witness. I was ignored.
I don't hate Asians. I appreciate and respect your culture.
@honaparvar look at your account you already was blacklisted from cheetah due to copy paste of articles in spinning and you are now telling me what to write ???
wrong info my friend! stop flagging my comments like a child! I can behave childish too!
@honaparvar i come to know that you have multiple accounts with spamming if you come ever again on my post for shitting keep this in mind i am not alone i am with huge group with 100K steem power , I wrote with my own hands did you copy pasted like you or spin any articles if you do not like what i post leave it you do not have rights to argue on it
:)))))
You got a 10.24% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
You got a 55.95% upvote from @spydo courtesy of @healthexpert! We offer 100% Payout and Curation. Thank you.
Stay on the platform, post and curate content. That is my advice.
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You got a 71.99% upvote from @brupvoter courtesy of @healthexpert!
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STOPTo support your work, I also upvoted your post!
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Flagged for using the rising. Make it great again by doing something different! lol Quit using bots? maybe?
...nevermind.