Steem Down Again

I'll tell you something the ones who invest a lot are going to make a profit, but I'm talking about the guys who can buy at least a million dollars worth of Bitcoin, and then once they take a profit off of the hard fork they can turn around and buy any other alt coin at maybe a quarter of the price at which it was at one or two months ago, so they can catch two birds at the same time profit from the hard fork and profit from the low price of alt-coins.

Now I have read a lot of guys here making predictions based on something called elliot waves, if these elliot waves were such a big deal nobody on Wall Street would lose money, you have to understand something, every time a market falls or rises it is through the movement of money, and the people who have a lot of money are the ones who are going to reap the profits not the guys who are following some wave.

Markets are run by people not by scientific theories if some huge whale decides to dump an alt coin that coins price is going down regardless of what is happening with Bitcoin or any other extraneous event. So I would think if people don't want Steem to fall to where it was in March and April stop selling your Steem to buy Bitcoin unless you are a huge whale and can buy a million dollars worth of BTC otherwise the only thing you are doing is helping drive the price of Steem down.

I really thought Steemfest would help Steem' price go up but it looks like greed has taken over and common sense has just disappeared. Fine thing for me to say, I am powering down, but frankly I was powering down before this thing started, and I am doing it because I need a few dollars, after I am through I am back to hoarding Steem.