Most of us believe in STEEM and Steemit and think that it will take over the world and the universe
BUT, what if STEEM price won't show this, what if STEEM price moves downwards with new accounts ? There are a lot of people who registered and never put a penny in STEEM, I'm not saying that's bad, some people can't afford to invest money, but they invest time. :) I'm just saying that people that invested nothing can write amazing posts and get a lot of STEEM and if they don't power up and simply take it to the exchange and sell at any price, because it's free (yay) - that might have been putting the price down all this time.
So the more people Steemit gets, the lower the price goes ?
That might be the case yes. I'm not saying that Steemit needs to stop accepting people or anything (that would make a very poor social network). I'm just saying that more people who get STEEM means more people who might undervalue it on the exchanges. ** STEEM dropped by 14 %(!!!) in the past 24 hours.**
Whales, to the rescue !!
Well not our whales, new whales. We need people to invest huge amounts in STEEM and power it up. We need a big demand created in the market otherwise the huge influx of STEEM going for sale, because people want money, can easily destroy the price of the currency, maybe even put it back at the levels of June.
Is this the end of the world ?
Of course it's not the end of the world, even if STEEM as a currency dropped to a low price, we'll still have Steemit where we can complain about it. :)
What can I do to help ?
Don't transfer your STEEM into exchanges - just power up.
If you do put it in an exchange, sell it for a respectable price.
Buy tons of STEEM on exchanges and power it all up.
Get STEEM listed on a new exchange so the demand and volume increases.
Contact huge investors and make them buy the currency.
Please.
Are you sure ?
No, I'm not sure, maybe I'm being pessimistic again - come on STEEM, prove me wrong ! I dare you to get up by at least 50 % today !!! :P
