Dear @gandhibaba

It's great to see your post within PH community buddy. Hope it's not last time and I will see you more often :)

I clearly remember that during the time of my Uni, when a studied micro and macro economy - I was also told about "invisible hand that ensures order in the economy".

Those surely were different times. And economy functioned very differently from the way it does today. Mostly because role of central banks has been limited and economy was way more "free" than it is today.

In current days I see FED and other central banks as an invisable hand, which ... surely doesn't ensure order in the economy. It's more like an "evil witch", mixing ingridients rapidly and trying to figure out what will be final result.

:)

A cursory look at the events around Steem and Hive within the past six months suggests that there is an invisible hand that strives to level the price of Steem and Hive, to the extent that none leaves the other considerably behind.

Ehm. You're right. It didn't really occur to me that there may be actually any relation between those 2 any more (at least not on that scale).

Also, larger community = more rewards being dumped on the market. Size of community doesn't matter that much. What matters the most is ... how many of those who participate in HIVE or STEEM are actually selling their rewards.
And my impression is, that there is more people doing it on HIVE than on STEEM. Parly because rewards on steem are much higher now (comparing to HIVE), which does encourage large accounts to hold to their staked SP.

Interesting read and conslusions. Have a great day ahead,
Yours, Piotr