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RE: Why STEEM will probably continue to drop in price
So much wrong with this article.
First of all it's less than 6% dilution per month on your STEEM. Secondly: none of you seem to understand economics. After a huge trend people will take profit and that makes the price usually fall anywhere between 40 and 60%, which is still a higher price than where it started.
this doesn't sound like "so much." 1) the dilution graph I made is correct, where do you get 6%? 2) You're second point is a prediction based on your own prognostication, which makes you comment any as valid as mine is. As an example, the coin shot up to $400M market cap when it still had less than 5,000 users , now has 45,000 users and is worth $250M. So the trending paradigm is definitely not an accurate absolute price correlation.
The STEEM dilution is 0.19% per day and 100% a year so do the math. And the prediction of how markets behave is based on 100 years of statistics and i have nothing to do with those stats.
sure, but you could prove it