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RE: steem price is not justifiable at the moment.

in #steem8 years ago (edited)

As an invester, I can't buy any of steem because the trading volume is so low, yet the market cap is 18 million. This doesn't make any sense. Basically that 18 million is locked up in steem power so investors can't buy it. So right now there is shortage of steem and that's why the price is so high. When the time comes for payouts, the price of steem should come down a lot because only then, there will be people trying to sell steem.

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