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RE: What was the most memorable event of 2018?
The drop in Bitcoin was anticipated by most investors. The $65 billion capitalization is still larger than companies that actually do things.
The crash of STEEM was far more dramatic.
Bitcoin will survive this drop. There is a scary possibility that STEEM could drop to a point that the STEEM blockchain fails.
@yintercept...hmm.. What a nice observation and comment.
That's a huge amount of money.
Yes! It really affected some Steemians though not even when Christmas is near 🙁.
Does this means that we should expect this till the end of this year?
People might give SteemIt.com or SteemMonster accounts for XMas. So I think there might be an end of the year bump in STEEM. There probably will be a drop after the New Years as some of the big accounts want to take their loss in 2019 instead of 2018.
The stats by @arcange show a steady drop in active accounts. It shows 50,000 users a day. How many of the users are second accounts or bots?
SteemIt is in "interesting times."
Hmm.. This is hectic.. But what can you say about the implementation of SMT next year.. Will there be any improvement in the price of steem?
I have no clue. I thought STEEM was supposed to be a Smart Media Token.
If SMT is not designed to enhance STEEM it could end up undermining the existing platform.
Hmm... What is your prediction about the price of steem around December ending and next year January?
My prediction was that STEEM would rise after Black Friday. I also thought $0.40 would be the low. So, my predictions aren't that good.
I think the long term price of STEEM will follow the active user count. You can find this in the daily reports by @arcange .
This report shows under 50,000 active users a day. That is not very good for an international social media site. Especially considering the huge number of bots.
There might be a bump in active users as people give SteemIt.com accounts to friends Xmas.
If so; there might be a jump in the price of STEEM.
As for January. There are probably people waiting to take their capital loss on STEEM in 2019.
There is often a dead cat bounce on troubled stocks in December followed by a steeper sell off in January.