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RE: Why STEEM Is A Better Buy Than You Might Think
There does seem like there could be a lot of upside potential. It may yet continue down in price too after this hard fork. I'm really not so sure what will happen but you bring up a good point about the risk verses return potential for STEEM verses bitcoin.
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Hey, @litesplasher.
re: hardfork
Values do typically fall after significant events like a hardfork, so I agree—there could be more selling. But then they also tend to come back up after the dust settles and everyone can see that things are leveling out.
We tend to talk a lot about how what we do on chain makes a difference in the market values, but I'm not sure just how lockstep it is. I try to watch what happens after things like this and if there is a reaction, it's often delayed. I think right now, we're still lumped together with most of the alts, with a "do not buy" negative hovering over us from things that happened three years ago (even though those things didn't stop the price from going to its ATM).
When the positives outweigh the negatives, even if its only perceived, people tend to defy a lot of things—logic, common sense—to buy in. Right now, I don't think people would have to defy much of anything other than what they're being told about STEEM and crypto in general.