As I watch the price of STEEM fall, so do I see my Steemit.com dream (and money) evaporate ...
Will anyone of power do something about it ? Hopefully when the price will be low enough then we'll see a strong reaction and the Steem idea will survive ... I sincerely hope so ...
My two cents ....
https://steemit.com/steem/@sigmajin/this-biggest-reason-steem-prices-are-falling-the-arbitrage-sabotage-steem-dollar-teeter-totter
this is my take on one of the main reasons for the fall in value in steem.
the other two primary reasons are a general lack of consumer confidnece, and casual users constantly selling steem on the major markets for bid.
I don't see the ship righting on its own. Personally, my take is that well dip below 50 cents by labor day.
Price will constantly fall. The problem is not steem price fall, but the market cap fall.
Eventually the distribution will be spread more evenly, rather then a hand full of the same authors making 3k more authors will make 300$. People will buy small amounts of steem to earn more curation rewards / get their content more noticed. But really is nessisary for advertisers to want to join the steemit before we see any true buy pressure.
answer is here
https://steemit.com/steem/@algimantas/steem-price-chart-and-further-prediction-on-steem-and-sbd
The good thing about Steampower, is when even when you seriously doubt, you can't sell ;-)
interesting