Could We All Take Some Time Out To Buy Steem?
It's pretty uncomfortable watching the price of Steem go down everyday with no concrete plan anywhere to save it.
For a while I've been thinking if the general law of demand and supply doesn't apply here.
If it does, why are we not trying to induce this just to save our dear Steem?
According to some info I've been able to gather here and there, the drop is being caused by all of us currently dumping Steem. This means that the supply of Steem is way above its demand.
Now how do we grow the demand for Steem?
I believe this could be done by buying more Steem. Now i'm no financial or economic expert, this is just my layman view.
And this is a win-win situation. You get to buy Steem at its low price which means the quantity you get will be on the upside, then as more people demand for Steem, the price begins to pick up and so does the value of your investment.
Go out there and buy some Steem. Please.
P.S. How do I stop powering down?
Hi smalltalk you can stop your power down by going to your wallet clicking on the drop down next to Steem Power and click, "Stop Power Down".
Yes, it would be great if everyone just went out and bought steem. How much are you planning to buy and when? :) I don't really want an answer to that.
People don't need to buy steem really, they need to create a floor for the price of steem and only sell as much as the market is willing to absorb.