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RE: STEEM - I think we can consider the support as broken...

in #steem5 years ago (edited)

Is there a chance that STEEM is actually stronger than the charts suggest now that we have multiple tribes growing, where people are selling STEEM for Pal, Leo, CCC, etc, with a seemingly invisible layer of support?
Perhaps there is more money in the system than we can now judge by just the STEEM price..?
Just a thought. Maybe I'm trying to be too optimistic.
Cheers and be well.

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mmmmm tbh I don't think the SMT how it is implemented now is giving any value to STEEM.
See my answer about a similar question : https://steemit.com/steem/@crypto.piotr/pvouwp

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