Is Steem losing value?

in steemit •  8 years ago  (edited)

I can't help but notice the steady decline in Steem's value on exchanges like Bittrex and Poloniex.



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if you have steem power, basically the price won't affect you.

THAT'S RIGHT!

I hope this isn't true

Of course it's true! Look at a posts/blogs about this and of course get info from Google. Check out Bitcoin posts,news and info going back to the begining of it all. There is the original shock value that's really high so people buy into it LITERALLY. Then it has a cooling off period where people get scared and use dwindles so does cost as people freak about the solidity "will this last?" Then (as steem will) people across the world will see "it's still there and getting stable" so use grows again as people gain trust in the idea/product so follow the masses. And poof spawn things like our beloved Steem. Blessed be

Conforms to the law of nature. There's hardly a rocket after a rocket on the market.

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Steem's price is the real key here since it keeps inflating as long as the site keeps growing if I understand it correctly, so it will revaluate its own price everyday. I think if you believe in Steemit, SP is the best option but of course speculation of what could happen is what basically keeps this going so it's good to have some SMD too. I think Steem is just a entry and exit point.