Guys, why falling exchange rate of STEEM?

in steemit •  9 years ago 


Over the past couple of days on the stock exchange course STEEM fell almost twice. Can someone tell what is the reason? Will it grow? And what is an adequate price for 1 STEEM?

P.S. I apologize for my English is not my native language

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9 years ago by

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      ·  9 years ago 

    Yes it fell quite sharp, but i think this is normal after a huge gain (1600%). The price is almost on the support where it bounced back up the last time, so if it bounce there again, it may be a good moment to buy in.

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      2 votes
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        ·  9 years ago 

      A lot of people just sell steem and dont buy thats why price fall down.
      But i think steem will grow soon, this is just start of this site. E

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        1 vote
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          ·  9 years ago 

        Simple.

        1. It's still affected from new wealth dumping Steem to convert to fiat. These are not crypto enthusiasts but bloggers who want to get their money out and spend it RL.
        2. ETH and ETC dramas. Volumes are insane and most alts down

        What can we do?
        Promote to everyone to keep STEEM powered up.
        Tell all your friends about STEEMIT. The more influx of new people, the more the price will remain high.

        Overall, don't stress. It's all part of the process

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          [-]
            ·  9 years ago 

          Buyers < sellers.

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              ·  8 years ago 

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                ·  7 years ago 

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                  ·  6 years ago 

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                    ·  9 years ago 

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