Can anybody tell me why Steem is falling?

in steemit •  9 years ago 

Steem is falling more rapidly than any of the cryptocurrency. I want to what could be the reason behind it? and how we should prepare our INVESTMENT for this?

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  ·  9 years ago (edited)

Hey, steem price went up so much during last couple of months, what you are seeing is a correction, we might go lower until the next big move up, no stress lol

yeah, I hope for that

Steem was riding at .30 - .40 USD before July 4th. Once it went up on Polo for trade it shot up to almost 5 USD. I think it ran into a case over being "over priced" for a while and it's just coming down to a more "rational" value. I believe it will come back up again, but we need to find a use for it outside of Steemit and exchanges. Buying Steem to power up at Steemit so you can get more Steem will only go so far.

Okay, Thanks for the info