Anyone who knows a little about how the offer and demand system works, would be sure that this will eventually happen, there's too much imbalance. Not everyone is planning to reinvest their rewards on steempower, most of the users are just here for the easy money. Unless something changes, the steem market could drown in oversupply.
I have said to create demand, advertisement is needed in a form of add pays the user by down voting the the post.. but the anti business crowd will reject this..
i'm sure that the "anti business crowd" are the ones that make more money from steemit
Don't panic over someone else panic selling, Steem seems to be doing just fine.
No, there's no panic selling, i'ts just that there are too many steems around
It has to find balance, as it grows this will be an ongoing thing. Steem was 0.27 like two weeks ago until we drop anywhere near that I'm not worrying.
As long as new people are joining then there is nothing to worry about.
well, let's just wait and see
So what do you plan to do to create new demand and expand the network size? The easy way is bring new people in. The problem is the site hasn't been working well for the past few days so maybe that has something to do with it.
Don't you think it's interesting that the hackers and dumping is coordinated? It means Steem has to grow more and become more decentralized.
Bring more people that are willing to invest in steem is key, not just anyone. If anyone can make steem just for writing and then go selling, the price will eventually flop