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RE: Steem vs USD. We are on our way to .85/USD! This could be the chance everyone has been waiting on to get some significant SP.
You bring up a very valid point, thank you.
This of course may be contributing to the drop but Poloniex historically only represents a small fraction of trading, of course right now it is next to nothing.
Other platforms are trading just fine, with blocktrades being the largest and not even visible by most audits
Many Steemians like myself have been averaging in with little or no regard to Poloniex which needs to make the changes, not the steem blockchain.
If I had to guess (just a guess), less than 10% of the price is a reflection of the broken wallet and then being a little bit of a cynic, I bet they find a fix just below the .85 support.
I hadn't thought about blocktrades not showing in any of those market/exchanges listings. True that's the largest market for STEEM, so bizarre for it not to be counted. Well the wallet was the only reason I could think of why this coin is dropping at a faster rate than the rest of a dropping market, when it is the most used coin, actually has utility already delivering value, plus all the things you mentioned about transaction fee-less and speed. It just makes no sense that this coin would be falling faster than ones that don't even have a testnet out.
Buy the rumor sell the news.
Steemit is way past rumor, but it will shine, really shine in the days ahead.
Blessings.