RE: A Few Observations on the Falling Price of Steem

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A Few Observations on the Falling Price of Steem

in steem •  8 years ago 

What you are asking is for people to drop greed over substance, most users joined for making money, what you wish them to is invest however greed will always win its only the players who invest more are paying the bills of the many and loosing value, paycoin had the same proposition in pegging the coin to the market rather than setting a set price, those who jumped in first and quickest to leave reaped huge rewards from then onwards it was a long slow death. Market traders will only step back in when they see a final floor and a real raise and market sentiment changes again.

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I'm not asking anyone anything, I'm trying to sum up the current situation of Steem and Steemit. Everyone has the right to either invest their time or leave the platform.