STEEM continues to lose value

in #steemit8 years ago

The value of STEEM is continuing to decrease, almost down -20% today.

Poloniex:

How do you think it would end? it's not this day's trend, look at the past week:

This coin is being dumped in thousands, it has to stop if this coin wants to survive for the long term.

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This is simply a correction from the 1000% growth we experienced. Price discovery can be brutal but i think its a good thing the price is going down.

Consider stoping by MinnowsUnite on Gli.ph(130+ Steemers Strong!)
https://gli.ph/g/mT205P/CbFybHevfa12pvgQqtZgt50coGG6ZTyxDzDyWSXQJ7s=

What's good about it? the volume goes down along with the price.

It goes up and it goes down, just like any coin....patience it will rise again :)

Didn't we see the same with BitCoin?
I think this is normal, consider how much STEEM has risen in value. The downfall will stop soon, STEEMITs userbase will grow and it will slowly start hiking again.

Need to stop the people that take advantage of the format. Stop the bots.

I dunno if it's possible.

Traders gonna trade-

Good thoughts