Steem, Why Are People Selling You?
Steem is down, once again people are selling the token that's imho probably massively undervalued. Just look at the daily number of transactions, the number of daily users. It's one of the most actively used blockchains with a real use case.
Many other coins got no usage and mostly no working product either. I'm not even getting started on a use case as that's simply ridiculous in most cases...
But what makes people sell off steem? I don't know the answer, do you?
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Perhaps, they sell steem because of the speculation about the vote value will not connected to the steem power anymore. Instead, it become 1 account = 1 vote.
Wouldn't you power down if it'll be real?
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Possible, but they could make it 1 account = 1 vote for visibility and make the voting power count for the amount you get, so not much would change tbh.
Brilliant idea! 👍
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FUD, because its a chain reaction.
The price is down, oh my god, danger, apocalypse, run, before we die...
Basic human behaviour.
Because people don't understand the true value of steem.. Believe it or not most people think steem is only relevant because of steemit. They don't realize what is being built here, they only think its a social media app "they can get paid for" and that it is not doing well so it will fall apart. They don't bother reading the white paper. They don't want to waiste their time on something that is failing, where as the steem team could pretty much care less about steemit and are focused on the utility of the token and smt protocol..
People dont realize that their 1 steem today that is only worth $1.27 usd could be worth exponentially more if they just held on to it.
I don't know I'm buying
@steembusiness It seems like a good time to accumulate more SP.......... One thing I have noticed is that I can make more STEEM with more SP, am I missing something here ???
That is called locking in profit, smart thing to do... The only people that suffer are investors, that bought STEEM in hope it would just go up... what went up instead was supply...
It could be because the CEO has powered down/sold a massive amount of his holding - does anyone actually know why? Or that new developments are promised and all we hear is "we're working on it...it's a priority", but no clear timeframes or solid roadmap.
Yes, there is a community here, but the token/coin is still an INVESTMENT. Maybe Steem Inc needs to wake up to the fact and start communicating like it is?
Maybe? Or maybe not? Who knows... ;)
this is probably the best reason why someone would be encouraged to sell their STEEM position..
I have no idea either @steembusiness. In my monthly report the number of inactives keeps growing by leaps and bounds. It is sad. I know a great deal of them never get started but many are smaller accounts who are cashing out (I presume). The number of Planktons keep dropping at a rapid pace.
Personally, I am 100% powering up.....this is the opportunity of a lifetime and many are going to miss it. While it will not be the only bus to come by, it will be a very profitable one for those who hang in there.