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RE: Powering down - the reason for STEEM price crash ?

in #steem8 years ago (edited)


It's economics, Steem is only a baby right now. If development continue as it has i am certain we will see a great rise and plenty of more users.
@summon got the right idea. And @lorddominik007 Where there are buyers there are sellers. Some uses steem as a speculative currency and are in to short term trading to make a quick buck or two. Others hold it, increases their steam power and gain influence. I don't have much steem but whatever i earn i use to power up, all about the long run. We can only imagine the great things that awaits us.

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Yes, but right now there are four sellers for 1 buyer and that's being generous. While you may be holding it, people like @berniesanders and lots of other whales are currently powering down.