HELLO GUYS
the vaule of steem is going further down and why the vaule of bitcoin keep on increasing. its actually almost a disaster for steem because the vaule of steem was about 4 dollars but now when i look at the vaule of steem its 0.844
THE REASON WHY ITS FREQUENTLY GOING DOWN
Actually i believe that everyone is almost after bitcoin but thats a good thing for bitcoin because the more the buyers of bitcoin the vaule of bitcoin will raise futher more , infact that people are selling steem for bitcoin thats why Steem go lower in value. as we know that the vaule of any cryptocurrency will go high when the demand of that currencies will be more which means more buyers actually the vaule of steem was 4$ last year because the amount of bitcoin was not enough and people were maintaining to have steem and not sell it.
HOW DOES THE MARKET RUN
As we realize that the costs changes when individuals purchase and offer the money and the more the request the more the altcoin will raise as we so far think about that, business sectors are not keep running by any individual or a particular place they are running a direct result of the purchasing and offering of the digital currencies. steem will futher go down if the purchasing of bitcoin proceeds
WHAT WILL BE THE CONSEQUENCES OF THE VAULE GOING DOWN
If steem continues to fall the demand of steem will be no more and it will crash since steem has been going down the rankings of steem changed from 20 spot to number 26 spot in the Global Cryptocurrency Market Capitalization rankings.
CONCLUSION
So I would think if individuals don't need Steem to tumble to where it was in March and April quit offering your Steem to purchase Bitcoin unless you are an enormous whale and can purchase a million dollars worth of BTC generally the main thing you are doing is helping drive the cost of Steem down
PLACE YOUR OPINIONS RESTEEM UPVOTE AND FOLLOW AT @JONESTEEMIT
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I’m with you, the altcoins are bleeding because of the bitcoin fork. But my thoughts are they will all bounce back. Now is the time to score your alt coins. I’m hoping to get me some cheep steem just need to wrestle up some funds 😉
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Yes, yes, yes!
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The @OriginalWorks bot has determined this post by @jonesteemit to be original material and upvoted(2%) it!
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I believe you are correct, looking in coinmarketcap you see the swing, lots of Money going into BTC, BCH and some alts like EOS.
But the vast majoriy of alts is going way way down for the time, maybe it will reverse soon ;)
Steem will be 4 dollars again maybe next year I hopw!
Peace, Carlos
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hopefully that will only happen if the people start buying steem
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Resteemed by @resteembot! Good Luck!
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The @resteembot's introduction post
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Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
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It is a buying opportunity...that is if you are a long term believer in steem.
If you arent, then it isnt.
It really is that simple.
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i know actually i am planning on a long term thats why i am investing in steem and not bitcoin , actually this is for those who are saying why the vaule is going down
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great post jonesteemit! keep it up! and thanks again for following!
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Great post.
I have seen people say Steem will go to $10 even $100. I can't see this ever being the case as why would you buy something you can get for free?
I seen someone post a picture of a cat the other day and earn $150. If that person then goes and sells that on a exchange I can't see many wanting to part with Bitcoin in order to get it.
Also the fact Steem is created out of thin air devalues it. If I lived on a beach and someone was selling sand I would not pay for it.
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Great observation, I think it's with the price as it is currently it will be a great buying opportunity for those that can be sit patient
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https://steemit.com/news/@resteem1/introducing-new-service-up-votes-daily-with-free-resteemed-for-minnows
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This is the perfect time to be buying more STEEM, eventually the price will rise. Everyone who believes in STEEM for the long haul should be buying and as the price gets lower u should buy more. Just my opinion... Nice post @jonesteemit
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