Steem on Binance but looks like the news is not helping Steem prices recover. Going down and down like crazy.
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Steem on Binance but looks like the news is not helping Steem prices recover. Going down and down like crazy.
Well, like with all cryptocurrencies, I think it's more connected to Bitcoin who drag them all down with it.
And as well, I think we can't expect all 6 Million Binance users would discover, choose and jump on Steem and Steemit in 4 or 5 first days. It takes time, and it also needs some efforts from our side to promote Steem and Steemit out there.
I don't understand how one market leader can drag the whole market down. By logic, if people are dumping a commodity, they must be buying something else in the same market. Well, maybe this doesn't work with crypto then.
Also, the news that 6 million people will sooner or later discover and start trading on Steem should have created a buzz among the existing market who should have bought Steem while it is down, thus raising demands and prices.
I don't seem to comprehend how all this works in crypto.