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RE: A theory on why Steem falls so hard
I have been wondering about the way SP affects our price in comparison with other coins.
There's a second layer to all this, too. There's no kudos for hodling BTC as it falls; but here, your future earnings can easily be affected by your actions during a slump, since popularity is money.
Guys who buy right now and power up aren't just looking after their wallets, they're also doing wonders for their personal brand.
Yep, and the ones who have already been community thinkers, developers and consistent are making some large inroads now. I would like another 50% gone or so from the price, really squeeze it down to see who stays :)