Am Not understanding the logic behind SPORTS continual decrease in price

in neoxian •  18 days ago  (edited)

The philosophy of a perfect market exist yet the price is on a steady downward trend. Remembered I bought 9k sports at a rate of 0.006 just not long ago and all of a Sudden, the price crashed to a 0.0024 which is the current market price

As it stands, everyone knows that the reward been gotten from sports is becoming smaller by the day yet they choose to sell at ridiculous amount of money even with how scares the token is becoming daily.

When I bought my 9k sports sp, a full upvote gave a value of 6k sports but now, 9k sp might virtually give you nothing substantial and still yet people Tend to sell at a crazily low amount.

I believe we need more business orientation classes to train people on how to trade because some people don't actually know what they are doing on the blockchain trading platform. But the dip is good for some and bad for some.

I think the current surplus and excess circulation of SPORTS might also be a deciding factor. The supply is probably too much and people still get to have much in their hands. But the way the power down of the sport token is been programmed should give people another of point of concern, so instead they sell instead of powering up. 9 months is really a long time to wait for a whole power down and that should be looked into.

I will be buying 10k sports more at the dip price and hope it raises in the next future. true crypto-currency rises and fall

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The rate at which our uovote value is dropping badly is worrisome and I think it's just the matter of time before everything stabilizes

As for the power down, 9 months isn't too much since our earning is paid in liquid form

Yeah. But most people are of the opinion they sell off the sports instead of powering power, because they won't wanna wait for that 9months.. Sincerely, the 9months seems too far for me..

That's one thing about the site. We just need to be committed

Even the price of steem is discouraging.. Seriously discouraging

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