Steem Stock going down in value! Why?

in #steem8 years ago

Steem stock is going down in value! Why? Please comment? Why is it not going up in value?

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You want to go much lower. Then you can buy cheap. It'll go up latter. Don't worry.

It is correlated with the other cryptocurrencies. So when they go down in price, it also brings down the steemit price.

That is my analysis.

I take it you have not been in crypto-currency long?

 8 years ago  Reveal Comment

Much like the stock market it goes up and down some of the less experienced users see that it goes down 10 $0.15 and they panic and they sell and other people follow

All is in a downtrend now because the speculation on btc

I agree with Velourex and oldtimer on the reason why. Check out the charts for Steem.... it fluctuates all the time. I'm betting it will go up again!

I thinks its from the hard fork btc will have in next month.
Thanks for sharing about this. Always interesting to learn more about what's going on on Steemit and Steemit