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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?
Come dream with me.
You do understand the is negative bias right after a prolonged price stagnation right?
Holdr like yourself who went through the last Steem depression cannot imagine the change, I totally understand, its depressive as fcuk.
but those who went through the long depression last year, they use to feel exactly the way you do, they saw Steem go from $4 to crawl at $0.20 until May 2017, the month before you came in.
Their $0.20 is the $1 of today, we will likely never see $1.x again in the next few months weeks, just like the first batch of 2016 investors will never see $0.20 ever again.
Come dream with me.
Check out the behavior of one of steemit's biggest whales over last 2 months.
@fyrstikken
And then tell me again how there is intrinsic value in this place.
Investors look at the petty BS that occurs on the platform, and the smart investors take their money to other places.
You mention "price stagnation".
It is much worse than that. STEEM is down 70% in the last 90 days, measured against BTC
That is not stagnation. That is the market running away from STEEM as fast as possible.
Other alt-coins have not suffered as badly
Check out the behavior of one of steemit's biggest whales over last 2 months.
@fyrstikken
And then tell me again how there is intrinsic value in this place.
Investors look at the petty BS that occurs on the platform, and the smart investors take their money to other places.
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