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RE: Building the narrative of Steem
Since people care quick earn, if Steem price hadn't gone down through a year, there would have been a real valu-wise to explain Steem and Steemit to others.
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But it wouldn't last, because prices always go down from highs. The amount of people who complained when SBD dropped from 20 dollars was incredible as they had no idea it was meant to be stable at 1. Selling anything on price alone is going to result in failure.