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RE: You Need 1 Million STEEM Power to Upvote $20
In order for STEEM's price to go up to $4, people need a reason to buy STEEM now. And if there are no reasons, it can't go up to $4. Of course "Maybe it'll go to $4" is kind of a reason. But something more substantial would help the process significantly, I'd think.
I tend to think this crypto world is more a thing of gut feeling than anything else, if all of a sudden Steem spiked to $0.80 because some person put in a few hundred k dollars on a whim, a lot of people would follow and send the price up. That is why I do not believe in TA, because I think most things in the crypto world are manipulated by big players.
Yeah, that is true. Most of this is just manipulation. But I think it's partially because crypto still offers zero to normal people, really. So there's not a very large market outside of the big whale manipulators nerd enough to be into crypto. Steemit's original idea did draw in some normies, but that's been effectively killed.