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RE: So, this is the Steem price bottom huh?
They need to re-work the way that STEEM only trades for BTC and people are sending money off the platform, converting it to Bitcoin and then hoarding it. They should devise a plan to create and internal DEX that trades STEEM for BTC and allow people to power up their Bitcoin as well as STEEM here. That would stop the bleeding for now.
Not sure if that would solve the problem, whales are literally selling thousands of $ each day, early adopters and early miners have way too much STEEM being generated from bidbots... We need the SP to become more decentralized to decrease the whale dumping... with time this issue might solve itself out... and ofc with the decrease in inflation... WE also have the issue of scammers like magicdice, dlive and steepshot dumping their STEEM on the market, which increases the sell pressure... this is just a matter of time imo, at these prices I'm a buyer