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RE: What needs to happen to reach $10 STEEM in 2018? (Discussion)

in #steem6 years ago

Even an incremental burn if the price of steem gets to low could be one way to help things turn around. Would be an interesting fail safe if it was used like that. Investors would know once the line in the sand is crossed they start burning. Sadly line in the sand measures don’t hold up well over long periods of time. Market is going do what it wants to do and people sometimes exploit such knowledge to gain more out of the system.