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RE: STEEM loses 40% vs BTC in last 30 days, sinks to 31st on coinmarketcap as STEEM value also sinks vs Alt Coins.
@davebrewer,
I saw Steem drop a bit, but to me it will rise and we can see it at the top again! Anyway nice analysis of it!
Cheers~
It might rise up again.
What is your theory on why people are going to start investing more fiat into STEEM to cause the price to start rising?
Time and it will kick. There is the massive innovation of SMT that will take Steem on a rocket journey as soon as the word spreads once released in approx 2-3 months. The test net for it is imminent meaning steem could kick on tech reports of that as well. Meanwhile smaller changes like fast sign up (I've lost several People I'd persuaded to join myself ) and 'steemit sub-communities' which will take the steemit platform up a level away from beta. I bought Into steem early March after a massive prolonged downturn. I thought no one in the market believes in this, but it's groundbreaking. It's still at 20X from those days 8-9 months ago! Patience! Great time to invest in steem now!? 2018 will kick for Steem. Meanwhile can't agree more about voting, whales... and abuse of the use of downvoting. Yes the site needs to be kept clean, but not by over zealous self appointed steemit 'policemen' who I've seen do crazy things. Worst was someone I came across who passive aggressively threatened with their weighty steem power to flatten a post that said "nice post" because "it offered no value to steemit." I checked out the guy who said "nice post" and he posts regular long interesting posts with good photos... in his language, Indonesian. I follow him now and enjoy his posts. I wonder how many of us can say "nice post" in Indonesian?