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RE: STEEM update 02.11.17💗
Price and features are not correlated. In July 2016 we saw a $5 steem and last winter (with better features) we saw a $0.10 steem.
The trading game is made by large holders (2 to 5 people owns 80% of the steem on exchanges). They makes money by depressing the price by flooding the market and then buy low when everybody thinks it's the end of the world.
What you have to do is buy the rumor and sell the news. Because that's exactly what they do.
The end of the current campaign to depress the price will come right before a major run up where they will sell to gullible new investors when the price spike.
Rinse and repeat.
Wow, exactly my thoughts. There are only 92 STEEM account holding more than 200,000 STEEM. They hold like 70% of all STEEM that is currently in STEEM accounts. It's basically a monopoly. They can change the price at will.
This means that when they are ready to buy, we will see a huge spike in price, which is when they will start to sell again for profit. lol
O cool I'll have to try this strategy.