Question: What are the steem's low prices?
Hello dear readers!
These weeks we have witnessed how the BTC to scale and if you want, has stabilized in a band that includes 10 and 12 thousand $, something quite good. Since I came to know the cryptocurrencies I read that BTC is the one that marks the price of the other crypts, understood that if BTC lowered its price the others did, and if its price went up in As all the prices went up, today I think that this theory is not completely true or at least for now, the other cryptocurrencies are adopting an "independent" compartment of BTC.
The approach that I bring is based on the low prices of STEEM in recent days, so I would like to know the opinion and analysis of the experts regarding this steep decline in the price of STEEM. My question would be: What is causing the fall in the price of STEEM?
My Personal Analysis.
One of the things that I read and learned when I learned about crypts is that cryptocurrencies are based or supported by people's trust, that is, the most used cryptocurrencies, acquired, retained and exchanged by people, these are supposed to maintain or increase its value, according to that logic of support.
The blockchain of steem, in my opinion is at a great moment in terms of development of innovative projects in operation and projects to be developed, this indicates that there are people investing in this chain, trying to do business, adding value to the blockchain which should have repercussions in the arrival of more users to the chain, increase the traffic and consequently influence in some positive way the price, of course, it is only my personal opinion.
In Steem Apps, on your Daily SteemApps.com Report - Thursday, 11th July 2019, we found that in the steem blockchain there are 78 apps in operation, steemit being the most used, although it is true that it does not have millions of users interacting daily in the chain, all this activity should in some way add value to the native token of this chain called STEEM, which is not it's happening.
In 2018 when it reached this platform the STEEM was in the 30th place of all the cryptocurrencies according to Cointmarketcap, and now it fell to post 79, losing 49 positions since then, now, What is causing the fall of the price of STEEM?
There is a worrying situation around this cryptocurrency and I do not know if we are in the capacity to help his recovery, but if there was anything that could be done, I ask: What can we do to help in the recovery of STEEM? Can we do something or are we facing an irreversible fall?
I am anxious to know your opinion about this topic, we wait for your suggestion and your conscientious analysis of everything that happens around STEEM and the fall of its price. I will respond to each of your comments, clarifications, corrections and suggestions.
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Hi @fucho80
I think there are several reasons, one is that whales have the power of steem production that brings as a consequence a centralized molopoly and they in turn put on sale more steem than necessary, so prices go to the ground. very regrettable because I consider that steem can still continue to approve of its benefits
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So what we should do is buy/invest ourselves.
Just my opinion:
Steem has low demand compared to supply. There just is not enough incentive to hold steem long even if there is an ROI and usage for the crypto. Too many cryptos to compete against and a shrinking core steem development team.
Whales are producing a ton of steem through upvotes and active witness but selling steem rather than holding long term. Again supply out weighs demand.
Users are still limited. After all the talk about spreading steemit to more users at the end of the day the steemit platform still lags behind many of the worlds biggest. Facebook, wechat, instagram, and so on have organically grown billions of users. While steemit is still under 10million and very few are active on the platform.
Dear @mawit07
Very wise comment. Indeed supply is increasing rapidly and demand is not. So I can only see one price direction :/
Yours
Piotr
Hello my dear @mawit07, thank you for your opinion on this topic.
If you put yourself, this is the future of my future, I do not have a recovery, it is not a distribution in the compilations and this is not necessary in the traffic. , although all this is uncertain.
Hopefully we can see steemit resurface.
We can speculate all we want but we can't really pin it down to any one or two reasons, steem is getting sold at crazy rates to pay for something I don't know other cryptos or fiat who knows? It will continue to devalue until we find better use cases to hold it as well as ways to burn it.
Over time as the inflation decreases we could see this reverse slightly should we last that long
Hello dear @chekohler, thanks for coming.
Certainly now what we can do is speculate, we would like to be able to do something to raise steem but nothing is certain.
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Apps of Steem may be closed at any time, so some people invest in STEEM, yes, but many investors after have a certain growth, the metropolis often to quit some coins...
Hello my dear @cloudblade, thank you for your comment.
That may be one of the reasons behind all this, there is not something we can do about it, apart from waiting.
You are right, we need wait!
The apps of stern may be closed? You have more info about that?
Like "magic-dice.com", she closes.
Those gameing App is easy to close .
Didn't that app turn out to be a scam?
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yes, it closes, so many people say it is a scam!
My guess is as good as yours. I have failed one of the implicit assignments of the platform, which is learning about its functioning.
I just don't have time and I lack certain background or know-how to better understand this topic.
My wild theory would be dispersion
If the big investors have their interests all over the crypto universe, like most users, we may face the result the old sayings warn about: el que mucho abarca, poco aprieta, el asa [mas de] dos [crypto] conejos, se le quema 1
Hello my dear @hlezama, thanks for coming.
I must admit that what you write makes a lot of sense, it is possible that the cryptographic universe is so big that investors go from here to there trying to make a good investment and do not focus on any project to add value to it.
Very good, but that would be part of the cause.
Thanks friend it's always good to read you.
I remember that Steem lowered directly with BTC last year, but this year its not the same as you mentioned above. Bcoz of this decrease many people left Steemit and thefore Steemit has not wholly been known all over the world yet. For example, our Turkish Community is not as active as previous year. Its bleeding. Besides, let Steemit alone, many people don't even know what blockchain and cryptocurrency are. So I think there are some years for Steem and Steemit to be proven. We have got in this train...
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I think worldwide the blockchain/steem is nit famous. Hardly anyone in the Netherlands know about it. Those who tried it left. It is too.difficult to understand, it is hard to find your way, it cost way more as the benefits are plus there is a dutch site that pays for the views you get and makes your.posts visable.on Google too. It is just not.friendly for mobile users.
If you want to blog you.want to do so without all these restrictions.
Hello my dear @videoaddiction, thanks for your input.
Like your I think that some years are needed to prove the value of steem and steemit, but I think it depends on us. It is necessary to create educational campaigns every quen in your area in favor of crypto, steem and steemit.
Thank you
Are you from Turkey @videoaddiction?
Yes
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As you have written-
Low price of Steem suggest that people are not trusting Steem and they have no faith on its future. It happened because stinc and the top SP owners were not ready to share profit with the common people. They made it hard for the new comers to write comment or post a blog here because of RC system.
Hello my dear @akdx, it is a great comment that you have written.
The lack of confidence at this time may be the root of the matter, but if that is the case, I believe that the investors, the companies and the principal directors here, should announce themselves and do what is necessary so that people have access, can profit and check The interest for the currency.
Thanks friend, very good comment.
You're welcome!
Very sad but very true @akdx :(
Thanks dear!
Well truth be told, this is what some witnesses have to say about steem's dropping price... The say that steemit inc liquidates or dumps a large portion of steem on the markets like every week or month or something like that... And the reason why they sell such huge amounts of steem so often, is so they can access funds to keep steemit inc operations running... This is why steem price finds it hard to rise.
Hello @abasinkanga, welcome, thanks for this information.
You must confess that this is information that is not manageable, but is in the hands of those who participate. Nothing what we can do.
Thank you for participating, very interesting what you wrote.
Mi amigo coterraneo @fucho80, gracias por invitarme a comentar sobre el tema. No me molesta su invitación para intervenir. Pero quiero comunicarle que soy neófita total, acerca de este tema. Me doy cuenta que las publicaciones están perdiendo su valor, y que están siendo menos valoradas, pero no entiendo de porque?. Gracias de nuevo, por querer que comparta una opinión.
Hola mi estimada @gertu, bienvenida y gracias por tu participación.
Bueno, en realidad es lo que queremos averiguar, no pretendo ser un experto en el tema pero el precio del steem a descendido ultimamente y no se a que se debe.
No debes preocuparte por el desconocimiento de algunas cosas en la plataforma, mantente activa y estoy seguro que pronto serás una experta.
Bendiciones!