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RE: Why STEEM lags in bear market compared to other top cryptocurrency and what could be the solution.

in #steem6 years ago

The way I look at this is that we are in a marathon and not a race as many say. Steemit continues to be in beta as per the title logo and that seems very intentional as development on the blockchain and platforms continue in order to develop adjustments for improvements. Rome wasn’t built in a day either but if you notice, the developers have been pushing notes on updates quicker these days and that is encouraging. The price is still tied to whatever Bitcoin is doing so we cannot really control that and with more supply of coins than demand, it could be expected for some time. However, it should be seen as an opportunity as demand will ultimately come back and supply will be redistributed which can lead to higher prices.

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That is true, we need more time. However, competition is fierce and blockchain moves at light speed. Therefore, smart and fast moves are sometimes necessary since they are lots of new players in the market.

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