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RE: Why is the Steem Price Low? How Do We Fix It?

in #steem6 years ago

I dunno man. I don’t think this is affecting the current price as much as you think it is. Pardon me for saying it, but I think you think that it’s affecting price that much because the looming threat of downvotes affects people in your tier. I personally don’t know a single person in the 59ish rep and under range in my communities who has ever been downvoted or even thinks about the possibility.

Those of us who have Blockfolios loaded with alts can see that all altcoins have taken a heavy beating in the past couple months, because the price fluctuations of all cryptos that aren’t Bitcoin are basically just spillover from what’s happening with Bitcoin. Ultimately, not enough people know about STEEM’s true potential and until that changes it will be coupled in public perception with Bitcoin and will follow the rest of the market’s fluctuations. Either cryptos in general will have to recover in the market, or STEEM needs to be removed from the crypto market’s fluctuations altogether. As it stands, few crypto investors know much about Steemit. I’m part of a big group chat with about 25 serious crypto investors and when I brought it up with them nobody even really knew what I was talking about, or knew anything about STEEM at all.

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haha, go poke a whale a few times...they will be happy to downvote you.

I’ve been pretty blunt to a few whales when I thought they were acting like bullies or that they were acting out of line and none of them have ever actually downvoted me for it. But I also don’t go running my mouth off to people where it’s not warranted in general in life. I try to keep my behavior online in tune with my real life values. But maybe I shouldn’t jinx it and say it’ll never happen because that’s just asking for someone to get me to make a point...