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RE: Why is the Price of Steem falling? Does it Matter?
While I'm new to cryptocurrency, I have a basic knowledge of how the markets work. Supply and demand are the name of the game. I see the potential of Steem(it), which is why I've been investing as much time and effort as I can to create, comment, curate. I'm a little fish here but the way I see it, I'm going to buy Steem while it's low. As much as I could use any extra funds in my bank account, a part of my brain keeps chanting INVESTMENT. Another part of my brain looks at it like Monopoly money so I can kind of play with it without affecting my current budget. And...what my husband doesn't know won't hurt him. :oP
I think it is a good time to buy in but I think the value will fall some more due to dilution. The day it will rise the steemit platform will be near a saturation point and by that stage anyone that wants in will be causing the demand for a price rise. So sit back and wait would be my advice. You will see the rise coming.
I accurately told my readers to sell at $1.36 if they had any Steem and there would be other opportunities. At $1.15, it's still too early and there will be plenty of time, don't worry. Let's not forget that this thing inflates at 100% a year, so for people like me, who are phenomenal in timing, there will be those "moments" to buy and don't worry, they're sooner than you think.
why is that smooth? point 2?
steem has lost over 90% since the ATH few month ago and I think that we are going towards steems All Time Low - at least this is the trend ..looking at the chart.
As an Investment it is the worst thing I have invested in the crypto currencies world. but as a social media site ..it's cool and I hope it will replace FakeBook one day :)
This post and discussion is obsolete as the economics of Steem were completely reworked at the beginning of December.
The reason SP didn't (and doesn't) inflate as the same rate as STEEM is that you get anti-dilution payments as an SP holder that offset most (or in some conditions even all) of the inflation. That is still the case, although the base rate of inflation is much lower.
I am riding your car @merej99, I feel and vision Steem taking off. How far down you think it will go? I am jumping in as soon as it goes up.