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RE: Why STEEM is dropping price during STEEMfest?
This is the way the market is, these events always generate high expectations and the market reacts the other way, we should have learned the lesson by now...
Anyway, good time to accumulate a little more steem...
oh, ok... it is normal then, no mistakes or steering direction change needed?
Sure there are mistakes and there should be direction changes, but i dont think it reflects on price... Price is for now just speculative, all crypto market is acting the same...
that is if you compare against other cryptos, but depending on the referential index you use you will realize that when there is an event there is price momentum... Upward momentum.
And even thou all crypto are bearish nodawys, this particular one should have at least keep value, right now there is a massive dump happening as many big accounts are in power down