Bitcoin hits 90-day high, will STEEM follow?

in #crypto6 years ago (edited)

Hey guys!
Seems like Bitcoin starts its bull run again, I'm sure it gonna hit $100.000 in 2021, so for me, this is just the beginning. But while most of the altcoins follow BTC on this bull run, STEEM's chart for last months seems really flat, what do you think is the reason and is this gonna change in the near feature?

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... what do you think is the reason ...?

  • Steemit, Inc. is selling STEEM.
  • Some whales are exploiting the system, for example by using many mutually voting alt accounts - and then often sell the earned STEEM, too.
  • Bot owners and gaming sites take a huge part of the daily reward pool.
  • At the same time new users nearly don't receive any votes or comments from real humans. In additon they have to wait long for their accounts to get created, and then are lacking RC for communicating with other users.
  • High inflation combined with comparable few users.
  • Possible investors are observing all that and think twice before investing their money ...

I'm not sure Steem is on investors radar right now. It is no longer in the top 50 in market cap and it's not new either.

A bull run may need to go for a while before the price of Steem climbs. When it does climb it could be quite quick.

Posted using Partiko Android

I don't think bots can create much steem, i think it's steem inc and some big whales constantly selling that are killing the price

Bots don't create STEEM but their owners earn a lot of STEEM.
And they don't support the best content they can find but just any content from authors who pay for it.

Bitcoin USD chart shows a gainer of 45% in the last 30 days. Very unusual for a high cap coin like BTC.

Hey, if you wish to earn 100 percent of your btc in 5 hours chat me up or write to me [email protected]

Awesome! Do you Accept Bitcoin Cash!

/s

This post right here tells me a lot about you. You don't care about giving your content a reasonable valuation. How about work for your engagement instead of trying to take shortcuts? There's a thought.

Posted using Partiko Android

So that's your point of view, but in my opinion post that has generated 40+ replies are valuable, that's not about size of the content mate.

Posted using Partiko Android

It's not about the size of the content. It's about quality and this post was low quality. You didn't even bother to spellcheck otherwise you would know the difference between future and feature as well as when to use a period.

Furthermore, think your whole project story is a complete fabrication. I see no links to you on that site. Your writing here does not remotely match the writing style and quality in the site.

It's seems to me you are a liar but it should be easy enough for your to prove otherwise.

Posted using Partiko Android

Yes I know, my English is not even nearly perfect, and I must mention I really appreciate you took time to check my story, I thought you'll just pass by, but I see that you really interested in making a fair initiative.
As I said you may check our FB group or wait for the next from @blockchaintoday or even PM me via telegram (@andhovesyan) and I'll share other proofs.

Steem is now #62 on CMC it just keeps dropping like a rock. Who is constantly selling?

i started selling about 2 months ago. Someone kept downvoting me for vote farming (I'm trying to get a good return on my money) so I decided to power down and move to BTC. Turned out to be a good move.

The community of people policing other people really was what convinced me to start leaving STEEM

Hi @walnut1,
Sry for using this to contact you but I don't know other mean to do it.
I'm very sorry for what has happened to @nowplaying-music account. I'm with you about people policing others in a blockchain community but it's a fact it exists and there is no way to stop it by now (as far as I know ).

I love that project and don't want it to die, is there anyway for me to continue with it even if I do it manually ?. I should have access to the @nowplaying-music account to do that ofc.

I know you'r pissed off (me too) but there is lot of people out there still loving the project and it's so sad to see the account inactive. I don't want the steem police to win this match.

It's your decission of course. I would do it using my own account but it's not the same.

You can contact me on [email protected].

Earlier this year we had our altcoin cycle, now we are back in a BTC cycle.
The gains mainly just dispersed into the major alts to some degree, the spill into the smaller cap alts usually comes some time after with a full on Alt season.
I will be waiting for a confirmation on the decrease of the BTC dominance chart before going back to trading alts.
I expect Steem to pump again once we have that alt season.

We dont need up, stable price is better

Posted using Partiko Android

Good luck doing that on crypto space lmao

Steem liquidity is so high, that its steem to fiat-to other cryptos is so easy and being fully utilized by developers and entrepreneurs of the steem blockchain, that drags the price down.

This is great, I can see the future!

Posted using Partiko Android

I’d love to see $100 Steem but I think we’ll need to see Bitcoin making news and hitting highs for that to happen

Posted using Partiko iOS

Thats what we are hoping that steem will follow