Growth indeed, but there's still a lot more money going out the door than coming in. Somehow, the price is relatively stable. That's surprising. Then again, the price of bitcoin is relatively stable, even though about a million dollars worth is created every day.
Wouldn't we all. :) Predicting the future is a fool's errand.
My hope is we'll be able to keep an eye on who's doing what to get a better understanding of if the whales are continuing to act as rational actors in their own long-term self interest. If they dump too much, too soon, we could all go down.
My thoughts - lots of new users investing a lot of BTC that I don't recognize. Growth!
Growth indeed, but there's still a lot more money going out the door than coming in. Somehow, the price is relatively stable. That's surprising. Then again, the price of bitcoin is relatively stable, even though about a million dollars worth is created every day.
That just means that people who purchase Steem buy mostly on exchanges.
Wouldn't we all. :) Predicting the future is a fool's errand.
My hope is we'll be able to keep an eye on who's doing what to get a better understanding of if the whales are continuing to act as rational actors in their own long-term self interest. If they dump too much, too soon, we could all go down.