RE: Is Steem being held back on purpose?
What I am wondering though is if the slide from 7.30 to 30 cents is part of the plan in some way.
I don't know if it's "part of the plan", but I was wondering why Steem wasn't getting pumped and subsequently dumped like many of the other coins out there (or at least not quite as aggressively). I was wondering if maybe it was specifically related to the active community that is on here.
I would imagine that a "stagnant" and "underutilized" coin would be easier to pump-up and extract value from, when compared to Steem -- which is generally (currently at least) a social-media site for crypto-enthusiasts. Word would get out a bit quicker due to the community, and Steem users would likely be able to capture some of the profits that the "pump and dumpers" would have hoped to attain.
I don't have a shred of evidence to support any of it -- just a thought.
It could be. Perhaps people prefer vaporware :)
This is true but it will also eventually be useless and not attract investors, while Steem will likely still have use case and earn without needing to sell.. This is why I wonder why traders aren't putting some into it. Wouldn't it be some kind of risk management considering one can still earn 20% a year on it.