If we look at all the cryptocurrencies, then we can see that the decline is due to the general trend. That is, the entire market is under the influence of "bears." If there is an increase in the value of the main cryptocurrency (bitcoin, Ethereum, ripple, Litecoin, and so on), then all other cryptocurrencies rise. The fact is that STEEM and SBD are more volatile and therefore they have fallen significantly. But just as much as they fell, they can rise high in value. We have no options but to wait.
I continue to believe in steemit and the fact that he has a good future. When the market starts to grow, then we will grow.
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I wonder if the market is being manipulated some how. Maybe that's just me and my conspiracy.
I am convinced that the market is being manipulated. Large players can influence the course and trend. That is, they play down (bears) and create news that everything is bad. Cost is falling, people start to panic and sell. After that, "bears wear a bear's skin" and buy already cheap assets (crypto-currency, shares, futures) .As they enter the market with large volumes (that is, they make purchases for large amounts), this increases the capitalization and, accordingly, growth occurs. they are knocking down orders of other players for sale.) Accordingly, people see that the growth has begun to begin the purchase, there is a gradual growth, there are news of growth and more people are joining in raising the capitalization. And then what happens is what we see now :)
I worked with shares before