HELLO GUYS
the vaule of steem is going further down and why the vaule of bitcoin keep on increasing. its actually almost a disaster for steem because the vaule of steem was about 4 dollars but now when i look at the vaule of steem its 0.844
THE REASON WHY ITS FREQUENTLY GOING DOWN
Actually i believe that everyone is almost after bitcoin but thats a good thing for bitcoin because the more the buyers of bitcoin the vaule of bitcoin will raise futher more , infact that people are selling steem for bitcoin thats why Steem go lower in value. as we know that the vaule of any cryptocurrency will go high when the demand of that currencies will be more which means more buyers actually the vaule of steem was 4$ last year because the amount of bitcoin was not enough and people were maintaining to have steem and not sell it.
HOW DOES THE MARKET RUN
As we realize that the costs changes when individuals purchase and offer the money and the more the request the more the altcoin will raise as we so far think about that, business sectors are not keep running by any individual or a particular place they are running a direct result of the purchasing and offering of the digital currencies. steem will futher go down if the purchasing of bitcoin proceeds
WHAT WILL BE THE CONSEQUENCES OF THE VAULE GOING DOWN
If steem continues to fall the demand of steem will be no more and it will crash since steem has been going down the rankings of steem changed from 20 spot to number 26 spot in the Global Cryptocurrency Market Capitalization rankings.
CONCLUSION
So I would think if individuals don't need Steem to tumble to where it was in March and April quit offering your Steem to purchase Bitcoin unless you are an enormous whale and can purchase a million dollars worth of BTC generally the main thing you are doing is helping drive the cost of Steem down
PLACE YOUR OPINIONS RESTEEM UPVOTE AND FOLLOW AT @JONESTEEMIT