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RE: Why The Price Of Steem Doubled In One Day

in #steemit8 years ago (edited)

Great idea for a thread as people are always looking to know latest thoughts on the price of steem! The steem market was initially realised as a great model, but emotions got involved and last July (2016) the price went un-sustainably high. Since then the communities' perceived affect of the inflation shook almost everyone out apart from the hard core. Now that the inflation has been fully priced in, along with several other key issues (forks + youtube limiting earnings) the word is spreading and the market is trying to see if it can go higher. My concern is that a market rising this fast is usually unstable. So best thing for all is for us to have caution, don't over react and take some very small profits if you must (but very small). I hope steem continues its rise, but at a much slower pace!!