At least from my experience in the Marketplace I created people were doing a lot more business when the value of steem was around a dollar or higher and the two main reasons I think for this is that there was a higher demand for steem cause people believed in it more and thought it was more valuable and the second reason is because you could buy more with less, for example.. When steem was a worth a USD you could say buy a crystal or a drawing or a hat or whatever in one of the shops for 10 steem, now with steem at around 30 cents, it would cost around 3X that in steem and be like 30 steem or more.
For me personally that decrease in value means I'll be spending a lot more steem to purchase anything than I used to pay. And I'm sure other people in the marketplace felt similar.
At least from my experience in the Marketplace I created people were doing a lot more business when the value of steem was around a dollar or higher and the two main reasons I think for this is that there was a higher demand for steem cause people believed in it more and thought it was more valuable and the second reason is because you could buy more with less, for example.. When steem was a worth a USD you could say buy a crystal or a drawing or a hat or whatever in one of the shops for 10 steem, now with steem at around 30 cents, it would cost around 3X that in steem and be like 30 steem or more.
For me personally that decrease in value means I'll be spending a lot more steem to purchase anything than I used to pay. And I'm sure other people in the marketplace felt similar.