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RE: STEEM Price Touches Historical Low, Steemit Users Number Increases Dramatically - Why Correlation Is NOT Causation

in #steem7 years ago

As you say, there are probably early adopters who look to cash out and take profits quickly... it's a pretty normal part of the lifecycle of startups; initial investors who cash out soon after the IPO. Then come the serious long term investors who buy in on weakness with the intent to hold in the long term.

I'm hopeful that's what we're seeing here. Let's face it, projects like twitter and more recently snapchat are years old and still trying to figure out how to make a profit... even though they are huge mulit-billion dollar organizations.

Anyway, I plan to continue here regardless... I like this place!

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Totally agree about Twitter and Snapchat struggles. See you around :)

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