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RE: Putting the STEEM price into perspective. This is the time.

in #exyle6 years ago

I gave your tweet a heart or a like, not quite sure what to call it.

Interesting about the first spike. That should be kinda predictable. The other one cannot be explained by looking at just Steem.

However, during the most recent spike, we saw Steem go from around 52 cents down to 29 cents while BTC went nearly 2X during the same period.

Steem is recovering again, but what this delayed or reverse action tells me is Steem is acting somewhat independently from the rest of the market. This only means two things, one is that it is so toxic or unknown no one wants to touch it. However, given the recent mini spike before BTC moved and all the positive developments, I doubt this is the case.

I think it's more related to non-Steem people just not touching anything below the top 30.

Everyone is so focused on making Steem a platform to make money on, this scares me a little because it reminds me of the first spike you talked about, if no one is paying 4 dollars per Steem, it will never be worth 4 dollars per Steem. We have to push Steem as both an excellent investment and a platform where you can make money on without investing.
What you did for your father is great and I think we should give extra credit to anyone who on boards an investor as opposed to a blogger/SNS convert.