Steem stock is going down in value! Why? Please comment? Why is it not going up in value?
Upvote @ydauti
Steem Stock going down in value! Why?
8 years ago by ydauti (-3)
$0.97
- Past Payouts $0.97
- - Author $0.97
- - Curators $0.00
You want to go much lower. Then you can buy cheap. It'll go up latter. Don't worry.
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It is correlated with the other cryptocurrencies. So when they go down in price, it also brings down the steemit price.
That is my analysis.
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I take it you have not been in crypto-currency long?
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Much like the stock market it goes up and down some of the less experienced users see that it goes down 10 $0.15 and they panic and they sell and other people follow
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All is in a downtrend now because the speculation on btc
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I agree with Velourex and oldtimer on the reason why. Check out the charts for Steem.... it fluctuates all the time. I'm betting it will go up again!
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I thinks its from the hard fork btc will have in next month.
Thanks for sharing about this. Always interesting to learn more about what's going on on Steemit and Steemit
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