I believe it has to do with the market demand for steem right now. Look at the lopsided chart. There's way more people selling than buying steem right now.
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I believe it has to do with the market demand for steem right now. Look at the lopsided chart. There's way more people selling than buying steem right now.
@wakeupnd, do you have an opinion about why there are more sellers than buyers right now?
It is simple: people who "won the lottery" - for example with an intro post - sold theirs for BTC/U$. Investors wouldn't buy because their hearts bled seeing the people cashed out instead of powering up. That is how the markets regulate themselves.