Why Sell Steem?
There's been massive sale of steem for some days now. I'm wondering why? I would have thought that Steemians'll buy steem in the deep instead of selling. The crypto market should be for believers of the technology.
#zappl
There's been massive sale of steem for some days now. I'm wondering why? I would have thought that Steemians'll buy steem in the deep instead of selling. The crypto market should be for believers of the technology.
#zappl
It is just the way the market is moving.
BTC is down, all other coins are down. no exceptions
It is understood that BTC and in fact, the entire market is in red, @pouchon. However, I think that investors should only hold coins they believe in their underlying technology. Again, it appears that many are too dependent on steem/SBD as their main or only source of income. That is not cool at all.
@redfishpillar, you are absolutely right, but it still surprises me, most of them doesn't have a crytocurrency knowledge that when the market is deep is when they ought to have accumulated more of such currency, nevertheless, some are accumulating more but I think those who doesn't are afraid of the system not working or breaking down soon.
I wish I could attach photo from the steem internal market for you to see, @mike4christ. @mrdelegation recently powered up millions of steem. I am still in the business of powering up.
@maryfavour, you don't need showing me any photo because I personally know what many are doing with it now is the right time for one to accumulate more steem and also power up it's a pity that I personally don't have much cash at the moment, I would have take advantage of this deep market nevertheless, I will still do my very best, am hoping for the best.
I was scared o. But I think I am going to power up and accumulate more steem
Well, did you know if someone is selling, there is someone who is buying?
Many are so afraid with the fall of things right now...
It isn't really steemians who are selling. You see, steem is traded on the different major/top exchanges. There are traders with large amount of cryptocurrencies who read only charts. They buy and sell steem out of convenience of making a profit. There's the strategy of sell high and buy low ;-).
Nice