Once BTC fork speculation goes away, end of this year and early next year, we may see another altcoin uprising. However, STEEM needs to be distributed to large number of people to release some pressure on selling. People used to hold hundreds of BTC or 1000s of LTC, as price rose, those coins changed lots of hands. Now very few people hold large number of those coins and can't consistently sell. A problem with STEEM is too much transparency, people should not know how I buy coffee and my buying habits. However, this can easily solved with a third party apps.
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Great comment, and an interesting point. I agree that good development moving forward should mitigate some of the problems in the flow of value.