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RE: Well, I've found the Silver Lining for STEEM & STEEMIT again in these markets still LEAKING RED! | The numbers speak the truth. We're actually doing GREAT. I've broken this down w. charts/numbers as usual. | STEEM is btw. even and up ~2.5% DAILY
Is Steem becoming more resilient to the ups and downs of the crypo market? It sure looks that way! Thanks for the info Barry.
You and I do have some good talks on here man.
I am no economist and we know the smaller (but growing) crypto markets are easier to manipulate but man...
The Steem currency for anyone paying attention is awfully stable in terms of staying pegged (speaking loosely) around the $1.20 USD mark most of the last 365 days if you chart it ---- and always right around the #20 mark overall.
There were a couple periods of course when we jumped way up in those categories..... but rarely ever below this!!!
I have been paying attn as a numbers guy since I joined here 13+ mths ago.
Meh I took both micro and macro economics in college. Numbers, charts theories inside of a bubble. A lot time’s thing don’t hold up well in the real world when it comes to these things.
IF Steemit becomes a rather stable coin in the unstable world I see that as a great benefit. People need a place to hide their coins when markets take a dump.
In a down market people always want stash things in what takes the least amount of damage and can even create some profits before they jump back in. I'm sure people are getting tired of having to stash back into cold hard fiat cash every time waiting for a good buy back in point.
Great reply buddy.
UV!!!
That is really a great observation. One thing I have not been paying attention to. Something that remains as stable as it can be in this rather unstable world of crypto might even create a bit of a coin heaven for people if it continues.