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RE: STEEM DECLINE: Why People are Selling
I managed to get pretty lucky with a comment when I first got here, so the moment that was available to me, I took $100 and powered up immediately. This place is powered by US, so our behavior with what we have here is what helps determine the price of steem. The more people who invest now and hold onto it are going to have the most to show for their efforts when it starts to climb again. Boats naturally rock, but don't confuse the rocking for sinking and jump ship.
Bitcoin once went for thousands of coins per dollar. It shot up to about $1,000 in 2013 once people started understanding it, and right now, it's hovering around $600...that's for ONE bitcoin. Where will your account stand when STEEM does something similar?