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RE: Steem - $1.37 (-14.47%), SBD - $0.96. What are the reasons for the depreciation?

in #steemit8 years ago

it could definitely be because of a ton of people joining recently. i just joined a week or so ago and around that time, at least 30 other people joined steemit that i know of from facebook. considering how popular some of these people are, their followers are coming to steemit but are still learning the platform and not posting regularly yet. interesting how that affects the steemit price. cant wait to learn more! ps why are steemit and bitcoin prices related? dont know much about cryptocurrency and how the pricing works. that well of knowledge runs super deep. can anyone teach me the short version?