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RE: ⏺Steemit price crashing, what now?

in #steem8 years ago

"Price of Steem is down"

Which for me is an invitation to examine whether the underlying fundamentals of this-- or any-- investment has changed to warrant less confidence. If the underlying reason for investing is intact... then the price swing must be all psychological and not fundamental... in which case, we're in the middle of a great "50% off sale!"

I happen to think Steemit is a unique social content platform for the long run... the the current "dump and run" is a mix of natural profit taking and too many newbie investors freaking out over natural fluctuations not worth freaking out over.

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I could not have said that better than you just did. Seriously, well put.

It's true. Many people just don't understand even one bit of the fundamentals of investing in general. If I see the price of Steem falling, and start to question why people are making so much less on their posts, I check one thing.. I look at their previous posts, and see how many upvotes they used to get a week ago, and I compare it to how many they are getting in the drop.

If they are making a lot less per post, but the amount of votes are still around the same, if not better, then it is clear that the currency is just in temporary draw-back stages, and as you stated, is at 50% sale LOL!

Thanks again. I appreciate you stopping by :) Talk soon!