I don't. Interesting how it almost seems more connected to $ levels than it does Bitcoin levels. Around 33¢ has been important.
I find there's a concerted effort to make Steemit look bad online (i.e. Wikipedia, etc ). Social media control is so much more important than people realize, and I fear some groups are trying to keep Steem and Steemit down because of this.
Is it also the inflation?.. I don't understand, being that Steem already has a legit use case.
My guess it has to do with the higher than average inflation rate, whales selling, lack of development from main development team, and basically a lack of advertising/promotion... Some combination of all of the above. People likely dumping it as well to chase other coins that are performing better.
I don't. Interesting how it almost seems more connected to $ levels than it does Bitcoin levels. Around 33¢ has been important.
I find there's a concerted effort to make Steemit look bad online (i.e. Wikipedia, etc ). Social media control is so much more important than people realize, and I fear some groups are trying to keep Steem and Steemit down because of this.
Is it also the inflation?.. I don't understand, being that Steem already has a legit use case.
My guess it has to do with the higher than average inflation rate, whales selling, lack of development from main development team, and basically a lack of advertising/promotion... Some combination of all of the above. People likely dumping it as well to chase other coins that are performing better.