Steem Price Down, Is It Related To The Market Drops?
So the price of Steem seems to be going down and is now down to 1.30. Yeah that's not fun, but that's still alright. I believe it will go up again soon. The weird thing is that it seems that the whole market has been going down for the most part.
If you take a look on coinmarketcap or any trading site it seems that all of them have been going down within the last 24 hours. I think that they're all related somehow, maybe tied to bitcoin.
I've seen where all of them are up within the last 24 hours, but now I'm seeing that they're all down. I've heard from other posts that the market isn't doing too hot right now so my theory is that that's all related so they're all bound to jump back up in price.
I think it's a summer trend. I feel like in August, there will be a significant increase. So the next week or 2 is a great time to buy steem. People have gone on vacations and cashed out a lot. So that might be a reason for the drops. But I don't know. Just a theory.
Market drop and I lost my money 🙄
it will definitely go up again soon, in the next couple of days we might be in the bull market
why it is going down
yeah everything is down right now.... but will rise again soon!!!!!! go crypto go
that's bad thanks a lot for sharing and keep on posting ;)
Read an article which basically said to power up while steem is down, can any1 explain how steem price and powering up is related?
It is related to all the newcomer those past month and when it drop a little they all get their money back even with big loss. they don't understand that this market is better as a long term market. ^ and already follow you
I don't worry too much about price drops since they happen every other time, but having all of them go down sure looks quite interesting.
if steem hitting below 1.20...I'm getting those steems to invest long term in SP. Correction: Tuesday 7/11 steem is under a 1.00. *gasp