They say a picture is worth a thousand words. What does the below picture tell You about STEEM's price and where it's headed?
Do You see STEEM sinking like a Rock?
Reply and let Me know where You see STEEM in the future or how You feel about STEEM. also, if You've heard anything about STEEM not yet known then do tell.
Peace.
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I think the fall is planned, as the whales power down the price drops and so minnows SBD power up them up faster than a few months ago. The more random minnows power up the more diverse the blogging becomes and the rewards for their interest groups. In turn pulling a wider audience. The larger the user base the more demand the better the price. Once the price goes to high the second batch of minnows should be in good shape to power down and perpetuate the cycle. So yeah i see it going back up, Dash will be king but cryptos like steem and amps will be the hooks helping those who have no interest in crypto earn and prosper on sites like steemit/synero/yours.
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Yes, it is falling. The reasons are pretty obvious if you look at the "powering down" report. There is more Steem on the market than new buyers.
I came here with the idea of investing, but I can't really find a reason to put money in. I am investing time, as I think there is still time to turn Steem around.
Ninjamining, Whale flagging, automatic bot voting, sock-puppets, add to the rumors of Ponzi skeems, and scamminess. Along with Trending articles by and about Steem every day. Seriously, do new users want to see 2 or 3 trending articles a day about SteemFest?
I think there will be a continued drop in price unless and until some things change.
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Thanl you for your reply
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