RE: Steem price continues its descent. Have we seen capitulation yet?

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Steem price continues its descent. Have we seen capitulation yet?

in beyondbitcoin •  3 years ago 

People are selling steem to get currency. This isn't going to stop. I expect it will continue until there are no more buyers then it will stabilize.

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Appreciate your comment and upvote. i guess you mean it will continue until there are no more sellers rather than buyers. when capitulation happens and it finally bounces back , there may be regrets by previous sellers or those siting on the sidelines - they will then attempt to re-enter at higher levels. that's usually why the rebound after capitulation will most often than not, be quite extreme