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RE: FOMO has officially kicked in... Steem trading at $.43. What's next?
It occured to me recently that 'miners' on steem ( aka steemians) don't have any operating cost so less coins will be dumped because there is no expenses like electricity, hardware,etc.to cover which means steem has less sell pressure than other crypto. Feel free to correct me if I'm wrong.
That is possible, but is also possible that since they basically earn their coins for free they may be tempted to sell them for whatever price they can get... another way to look at it, but I like your thought process better :)
Steem "miners" can dump coins at any price for a quick profit. And some do. Conventional miners need to balance expenses and profits more carefully so they will usually not sell below their production cost. Something to consider at least.