The price of steem is under $1.00.
No buyers and a lot of sellers. https://steemit.com/market
The price of Steem is concerning but I don't think we should abandon ship just yet.
(Dan's cat)
(Rats...I mean WHALES leaving the ship)
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loL!
i dont think it's the end already.. rather just the beginning!
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It's going to near zero, but that doesn't mean you have to abort. Just that you should cash out, sooner rather than later. FYI this sites economic structure is much like paycoins, which turned out to be a scam. Decide for yourself.
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How is this site's economic structure like paycoins? I got caught up in that scam, but I don't see any similarity here. You get paid some cryptocurrency based on number of upvotes you get or timing of upvotes you give. The formulas seem complicated enough but they are transparent. The cryptocurrency's market value is a different issue than the legitimacy of the operation paying out in it. Market prices go up and down, and when new coins of any sort first hit the market, their prices go down for a good long time before going back up again once the market works out all the hype and other artificial things that impact price. If you bought an ICO and are impatient, you're likely to sell at a loss, but that doesn't make the coin a scam. People here are getting paid in Steem backed "dollars" and in Steem Power, just like they were told they would be.
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I bought 800 today. And if it goes lower, I will buy again. Never forget the code of the trader: Buy low - Sell high!
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nice, now if you sold some steem a couple weeks ago for bitcoin and then bought some steem now with those bitcoins that would of been very smart.
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we are on the same cycle, buy low, sell high! :)
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