What Will It Take To Boost The Price of Steem?
The last week or so have been crazy for all of us and steem weighs heavily on my mind. The price of steem took a dip but has held steady. My question is what can be done to raise the price. I haven't heard much about that or about the plans for steemit.
My worry is that those high staked accounts who have left the blockchain are waiting for their power downs in order to sell more steem. That could effect the price and not in a good way.
So I would love to hear thoughts in the comments about what the future looks like with regard to supporting the price of steem
it hangs on Justin Sun, and as far as im aware he hasn't said very much.
I know, It's kind of bumming me out because I think as those big stake members who have gone to hive get their power downs, then they will dump steem. If there are enough of them it will put downward pressure on the price. I think there will be some of that on hive as well. I'm wondering if I should dump the free hive I received. It has a nice price.
not yet, all that steem will be dumped for Hive, pushing the steem price down and hive up. Wait about 6 or 7 weeks before dumping hive if you do. Im just going to see what happens. Anything could happen so im keeping both but may dump the liquid hive i have from the fork. I get the feeling the Corona situation is going wreck the world and everyone will be selling everything they can to survive. Having said that people will have more time to trade and maybe more money to spend if they have any since going out/on holiday etc wont be happening. Bitcoin and crypto is in a death spiral that wont resolve itself until absolute despair comes and people wonder genuinely if its failing. Miners shutting down/going broke, sub 1k prices etc anything is possible and probably will happen. We are in for a crazy year, the virus situation will kill millions and keep everyone scared for a long time.
It is gonna be crazy. I'd like to find the best place to sell my liquid hive right now. blocktrades is too low of a price