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RE: Let's turn the Steem Price around

in #palnet5 years ago

Hi @allcapsonezero,
Thanks a lot for your great comment. You are totally right that the sales of steem inc contributes greatly to the price finding. What I can say is that steem inc has been doing that forever and the problem is that they have to come up with income to pay their employees. With low prices, they simply have to sell more.

However we can help steem by visiting steemit and clicking the ads on it. This is a new income source for steem inc and if we all do it, it could take some sales pressure away.

At the moment, with not a lot of buyers, the constant sell pressure (not existent on other block chains) has caused steem to go down harder than the rest.

This is true also because steem isn't yet a currency that people trade with. The biggest demand for steem comes for the people using it. If as users we power up, we actually take away these steem from circulation and block it for at least three months. The more steem "we take away" like that, the more the supply diminuishes and if the trend can be broken, people would start again to buy steem rather to sell it off.

Best regards,
Achim