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RE: What Are Steem Witnesses and Why Should You Care?
Nice video, steam witnesses are one of the more cryptic ;) sides of the Steemit platform for new users. Correct me if I’m wrong, but it seems like witnesses are elected representatives of the community. They seem similar to congressmen.
Question about the crypto currency market correction. You mentioned it likely occurred due to the Chinese New Year. Did a similar dip happen around Christmas time in the west?
Keep up the good work.
Thanks @nostone-unturned. Yes, the Chinese New Year has affected the markets every year for the last 4 years. Take a look at this chart which shows the dips that occurred in 2014, 2015, 2016, 2017...
And yes, we saw a pretty steep dip during the U.S. Christmas holiday as well. Seems to be when people are in need of money for presents. This is good to know for future market predictions.
“This is good to know for future market predictions,” agreed. That is an interesting observation about crypto currencies. Maybe it’s a good idea save extra money for crypto currencies around the big holidays too. I wonder if similar dips happen around the Super Bowl or Independence Day sales?