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RE: 5 Reasons Why The Steem Price Is Moving In Downward Trend
Alot of people are joining steemit becuse of bloging, and then from that point they discover cryptos.
In May 2018 we broke the 1 Million registred users people dont relazie how big that milestone was and it will keep getting bigger just like Facebook (maybe not in that fast rate but not far behind).
I personally think now it's the best time to accumulate more steem power due to the price decline as you recive more steem per post.
This one million user number isn't real, most of them are deadfish (they are not active). We can't compare Facebook functionality and Steemit functionality, may be some day if developers will be heading in this direction.
But I bought some Steem yesterday and am thinking about how to buy more,
Compared to other alt coins steem hasnt lost much of its value it is more stable then the others in this blood bath.
Your decision is wise.
It depends on which period of time we choose to use in the comparision. Steem of 8 USD (February) with 80-90 cents actually, or 20 cents (last Spring) with today's price.
I belive that even 8 dollars will be cheap for steem.
I'm sad that i didnt get in at 0.07-0.08 price range if only i knew about it then.
Why are 8 Dollars cheap? How to determinate real value?
Incresed number of users plus a bitcoin bull run= higher demand for steem.
That is how i see it.