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RE: The Steemfest Sell Off? - The Price of Steem Still Doing What it's Been Doing
I suppose a lot of people who were attending steemfest, knew 6 months ago they'd be needing some funds and powered down to bankroll their trip there, while they are there, and to leave a little extra when they get home.
I expect that coming into the new year, we're bouncing back to $1.20 again as people start looking at their wallets after powering down and miss the days where it was looking better. :)
We'll have to see..
Yeah, post steemfest should at least ease that selling pressure. Coupled with the segwit2 passing a week after that, hopefully that equals relief and a bounce.