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RE: Steem Just took a huge nosedive! At USD 1.15 right now. Down nearly 20% today.
Beginning of the month, people could be cashing out to cover rent. This is when I'd normally be buying as well... I am using 50/50 on my payouts and actually getting more steem per dollar than what's just coming in as 'invested.' So still working out.
Could be the month end withdrawals. Is that buying Steem through internal or external markets?