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RE: Is Steem a Dying Currency? Is Steemit a Dying Platform?
I don´t think that there are any reasons for the drop.
It´s just a market like stocks or anything else you can trade.
So keep calm and everythin will be fine....some day.... :-D
Oh, I am calm. It's a fascinating study, honestly. Major swings here. Someone is making a ton of money on the swings.
Everytime it drops be sure to check some place like coinmarketcap.com Generally speaking the drops occur across ALL crypto. The only time it really might be a concern is if there are big drops in Steem when it isn't occurring on other cryptos at the same time.
I note that Steem is down around 17% over the last 24 hours, while BTC is down 9.25%. When BTC sneezes, Steem catches a cold!
Thanks for your answer and your upvote!
I do stock trading and learned a lot of patience there :-)
Yeah, it just keeps plummeting. It's fascinating.