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RE: No, The Free Downvotes Didn't Cause The STEEM Price to Go Down
Markets are always pricing in the future. Steem began to decline with the announcement of the free downvotes already, in April, May and at the beginning of July.
https://coinmarketcap.com/currencies/steem/
The most likely candidate is the correction in the price of Bitcoin that began in June. The pump in the price of STEEM in March and April was caused by the false rumour that Samsung was going to buy into Steem. That turned out to be false and STEEM made a double top. When Bitcoin peaked in June, all of the altcoin market followed suit, including STEEM, which seems to be stabilizing now. I'm not even saying that the stabilization is caused by EIP working well. The reason is most likely technical.
When bid bot stackers say STEEM is lost because they're no longer allowed to milk the reward pool, I remain highly sceptical. Organic curation is in a way better shape than ever on this platform. I think there's a good chance that PoB will start creating and eventually capturing value here.