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RE: Does #STEEM tweets affect the price of #steem?

in #dpoll5 years ago

Voted for No, tweets about #steem has nothing to do with #steem price.

I would say at this point, the increase in tweeting going on has had little to do with moving the STEEM price meter so far. That's not to say it shouldn't be done. It just means that those who are seeing the tweets and acting on them are not the large, big time investors that will actually cause the price of STEEM to rise.

I haven't seen the tweets going out, but if they're similar to what was happening early days with YouTube, instead of attracting large investors to the platform, they'll attract those who are looking for a low entry point to crypto, thinking they won't have to invest to earn rewards here.

So, the tweets should continue (positive, ongoing marketing is better than none and could eventually lead to something). It just won't move the STEEM price up without heavy hitters, and that's probably going to take more than just a few tweets to manifest.

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