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RE: Why Price Pumps Are Deadly To New Users

in #steem7 years ago

I agree with you.

Educating people about this swings is important, but I also think that everyone involved in crypto understand that its very volatile, and that huge price changes are completely normal and expected.

And of course, having an increase of 50% in a day is not sustainable, but at least it shows the market is reacting about the low prices of the last few days and weeks.

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I also think that everyone involved in crypto understand that its very volatile

Yes, but we have people who join Steemit not knowing what cryptocurrency is at all. This is why we get these lulls in content creation when the price falls.

That's probably true and it will explain the decrease in engagement when the price falls.