Recently today, I was speaking with a friend and she had a theory about why she thinks Steem Price is not where it is meant to be at any given time.
Her theory is that Steem Users dump the market with their earned steem because many of them lack market trading intelligence to effectively and profitably sell their steem by bidding higher and not asking lower when trying to sell and buy respectively. So they agree to immediate Ask Prices, so they could make instanteneous sale, thus not giving steem a chance at higher prices, as a result the market consistently dumps, although minutely.
If truly, steem users are not good traders who try to trade, then she might be right. If not, then she is wrong. All the same there seem to be a sense in what she said. Everybody's singular trading affects us all.
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The prayer is steem should pick up.... I miss the good times
Hmm, that does make sense. Like for example, when I sell art for Steem/SBD, I usually have to cash it out right away to keep my business going, I can't leave it sit as an investment.
I strongly believe steem will get to its peak again and will be one of the strongest in the market.
we just have to keep STEEMING And HOLDING ON...
So true
likely to rise again before December
Everyone use it in a different way some just see it as a quick earned money some see it as a investment well that's the market emotions