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RE: Steem price continues its descent. Have we seen capitulation yet?
These kind of price falls are only stopped by big development news coming out, or by speculators doing a pump. It's too soon for a speculative pump, they like accumulating at low prices for quite a while before they make their move.
Thanks candy49 for your sharing your thoughts and upvote. Recently so far for other alt coins such as monero and lately ripple, the trend has been indeed a piece of coin positive news coming out (could be more 'style' over substance, it does not matter), followed by a sudden series of pumps and then leading to dumps as lack of substance comes back into focus. I do hope steem does not go that direction.