It should be mentioned that the largest contributing factor to the falling price is steemit (inc) itself. They are funding their company and all of their development and activity by selling off their massive stake. Week in, week out regardless of price. This creates even further downward pressure on the price of steem as they are selling in quantities larger than most people can afford to buy.

This is the distribution model of steem as the blockchain started without distribution but rather mining open to the public... the founders “ninja mined” the vast majority of the stake. Steemit inc selling off their stake weekly to fund their activities is the distribution of the token. 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.

The only way to get the price to go up is to create more demand for steem than the amount steemit dumps every week. Your suggestions for this will help, but the demand for the blockchain resource credits needs to go up. D’apps (including steemit) need to attract more users to create that demand.

Steem is entrenched and the committed user base isn’t leaving. It is only a matter of time before something attracts more people to the blockchain. Keep using it... keep telling people about it. Keep buying steem and posting your powerups. But know this: the amount of steem dumped every week is the key to the drop in price. Until the user base increases, you have cheap steem available. It won’t be available long.

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