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RE: Steem Hits Low $1.25 ( 1.8 Million Power-Down )
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.