I agree with this as well. We see a huge influx of activity when prices go up and it dies off when prices go down. Want more people here? It's simple, figure out how they can earn more and they will show up!
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Very true, except for many of the old users who've been here since the launch, as they continue to rake in large amounts of STEEM no matter the value.
And rightly so, they have left their investment in the platform instead of cashing out. Anyone else could up their steem raking by simply buying more SP.