Even if I got in at .03 I still wouldn't sell now.. not knowing that's it's been as high as $7.. plus knowing that selling now only lowers the price more.. maybe they're manipulating the price..
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Even if I got in at .03 I still wouldn't sell now.. not knowing that's it's been as high as $7.. plus knowing that selling now only lowers the price more.. maybe they're manipulating the price..
There are currently about 53 million steem on the various exchanges waiting for price movements up or down. There is quite a big buy wall at the sub $0.30 range.
If you believe in economics then the 'price' is the only true determining factor in the value of anything.
It's an interesting market to watch. :-)