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RE: Steem Hits Low $1.25 ( 1.8 Million Power-Down )
I don't understand all this news and talks about steem and SBD dropping everyday. What does this mean? Is steemit shutting down? Should we pannick?
I don't understand all this news and talks about steem and SBD dropping everyday. What does this mean? Is steemit shutting down? Should we pannick?
No, it doesn't mean steemit is shutting down. A price drop means our investment loses value. It also means we can invest at a cheaper rate. If you had 100 Steem in your account when Steem was at $3 then your account would be valued at $300. Today that same account would be valued at $125.