Well that is 100% true, if there are more sellers in comparison to buyers price will always drop. I'm more or less trying to figure out the big reason for fewer buyers now. Which I think I have a pretty good idea, but again I am completely using my own opinions.
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Well, maybe they are trying to get STEEM for free via the platform instead of buying it. Once they see it's not that easy in the start, maybe the buyers will increase.
I never thought of that, makes sense though. I think a lot of it also has to do with Bitcoin being so low at the moment.