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RE: Bitcoin making a run for $3,900!

in #bitcoin6 years ago

Depends on what it does in the coming days and weeks. It started to go up the other day, and hit the top of the boilinger bands, then returned down. It might hit the mid line and go right back up, expanding the lines enough to shoot up.

It being a few days behind BTC isn't that crucial. I think that might even be a good thing. It's just getting more room to grow.

But, separate of just price, we need to convince people we're worth it. We need more Dapps and better ones. We need to convince the market we're worth it. For some reason, they don't really believe we are. Likely because this place is pretty much a shit show. If we can't do that, and people actually think this place isn't worth investing in, then we'll lag way behind BTC in growth on it's way back up.

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Part of the problem is that steem has a higher inflation that just about all the top coins, some significantly higher. If demand stays constant, prices go down with inflation.

And I agree that if was a few days behind BTC it wouldn't be a big deal, but I think that is highly unlikely.

There is less of a reason to buy steem vs. other coins and it has a higher inflation rate than many ahead of it.

Building a couple nice games on here that use steem is a good start, but like you said, we need a lot more. We really need Inc to deliver something considering they have by far the most resources.

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