Slowdown in depreciation of STEEM against BTC is expected


Screen Shot 2019-09-12 at 7.38.15 AM.png

One of the selling pressures on STEEM is temporarily paused. Unfortunately I think its not possible to quantify the effect of this 1 month experiment, but at least in principle, it should slow down the depreciation of STEEM.

For the time being, this leaves us with with just two natural sellers:

  • beneficiaries of STEEM inflation (witnesses and the rewards pool recipients)
  • random token holders churning out due to the continued altcoin bear market

Can the believers and speculators absorb the selling, and perhaps reverse the price trend?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending
  ·  작년

In the meanwhile, $STEEM going for new low.

  ·  작년

It's been lower than this, but it's not looking great. Most coins have been dropping for a while. We have to somehow boost confidence. Most other coins do not have anything like the Steem community, so we ought to be able to do something.