Like that 50K that they were talking about ned and dan selling in the promo section -- that 50K isnt what caused the price of steem to go lower. it was the fact that all the buyers for it we'rent willing to pay current market value. If we hadn't seen the news when that 50K was sold, we would have seen it when the next 50K was. But the news was still the news even before we actually saw it.
Can't the argument be made in both directions though?
Upvoted for the mailbox analogy, will give you an additional token if you reply to my question. Oh, wait...no tokens yet.
It can. IN the case of crypto currencies generally though, and in Steem's case in particular, i don't think the argument holds water in reverse, for a variety of reasons. I was going to answer more completely but decided its worth a post in and of itself.