You are viewing a single comment's thread from:
RE: Another day, another hurdle.... Steem holding firm
One possibility is some of the larger accounts wanting to move money into bitcoin because that’s where the institutional money is gonna hit forst with fidelity and bakkt coming soon.
Also, historically a big sell off occurs right before a bull run. Considering the timing, November being where most pumps happened in the past, this could be the case
Posted using Partiko iOS
I like this theory, could be true, the game theory with Steem though is different than Bitcoin... With Bitcoin everyone selling but looking to get back in, so you have millions of dollars on the sideline waiting to see how the tide goes, with Steem its different, its a continuous flow of money out, I know of one large stakeholder who delegated steem power and earns from bots, most of the money is flowing into other crypto as he is diversifying into other alts, he used to trade SBD but now focus on alts with greater return so the enthusiasm isn't there to even trade either
dang thats wild! I feel like that sentiment is the same across the whole space though. Even though money isn't coming back in, it will come once another bull run starts.
People will want to buy crypto and will run out of fiat. What's the best way to solve that problem? probably get a second job, or work on money management lol. But for all of us who are normal, we look for solutions to earn money and Steem has proven to be a good move!