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RE: Why are the value of votes going down this past month? [A Reader Asks]

in #steemit7 years ago

Go look at any coin, and zoom in to find a time where there is a sharp red descent. That is when people are selling below the selling price, and taking the buyer prices. I didn't mean whenever someone sells STEEM it will make the price fall and affect payouts. It takes an actual large amount of volume, like the red descent on charts. That shifts the price measurably. If people are willing to pay the asker price, or more, that sends the price higher yes.

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You just explained what I wrote in my response. I just wanted clarification on what you meant with that quote. The way it was written made it seem if someone sells steem, in general, that the price goes down. Thanks for clarifying what you meant.

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