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RE: It has been a question that has puzzled me for nearly 2 years. "What would happen to the price of Steem if no one powered down for 12 months?”

in #steem • 6 years ago

I don't think much would happen to the price since, unfortunately, Steem doesn't seem to be in high demand. Best proof is the performance on CoinmarketCap during the last 6 month.

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6 years ago in #steem by
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     6 years ago 

    I don't think much would happen to the price since, unfortunately, Steem doesn't seem to be in high demand. Best proof is the performance on CoinmarketCap during the last 6 month.

    Taking your scenario that Steem "doesn't seem to be in high demand", what would have happened in the last 6 months if there was ZERO supply?

    Stephen

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     6 years ago 

    If my scenario is correct, than it wouldn't make a difference how little the supply is. If demand is absent or very low, it balances out and nothing changes.

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