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RE: Steem at $0.20: your thoughts?
I have double feelings about it! When the other alts do rise, steem does rise a little bit. When BTC goes up, Steem goes down. When the other alts go down, steem goes down harder.
I did write a post about it 2 or 3 days ago. Maybe it is due to all the airdrops of the different tokens, who are sold for steem and used to bring to the market in stead of powering up!
The more faith we have as steemcommunity, the harder the value of steem drops!
But we can honestly say that it has become a complete different ball game! The blogging part of Steem seems to become less and less important!
Actually, I noticed some strange patterns in the Steem price´s behavior too. Honestly, it is a kind of mystery to me why Steem tend to drop more than other alt coins sometimes. I mean what do the rival coins have to offer? I doubt any of them have such a great community and busy blockchain behind them...