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RE: Why the price of Steem is surging.
Thank you for giving that link of 12 day old post of your blog. I read it with much fun. (To bad it is to old to put my vote credits) I came across your blog while in search of what just happened tonight what could bring that $6+ steem price jump. There must be a reason for such sharp spike. Can not believe it is just an organic rise from more steemit users, more free time for blogging during holiday time. There must be more to it !
In any case, you just got +1 follower today. This time from Lithuania. 😃
You are right about the "more to it". I try not to confuse things for my readers so I keep it simple. Perhaps 5% or 10% of the rise is attributable to vanity buyers, (you can see some other people's blog about the movements in and out of steempower).
Whenever there is a change in trend, investors start to anticipate the future. That's what accounts for the other 80% to 90% of the price move.
Investors are stepping in, taking a position, and expecting the trend to continue.
I made a little post about you. It was inspired by @everlove and i hope you check it out. Just something simple and only in appreciation.
https://steemit.com/untalented/@olawalium/thank-you-for-being