Great post Jerry! This is one of the things that baffles me a bit at first glance b/c the transactions are through the roof, and have been, so it's one of the most used currencies. New members are flocking in by the droves but the price and especially the volume is in the tank. I think the exchanges have a lot to do with this, especially Polo. Once the exchange situation gets sorted out I expect the price of Steem to rise. I would really like to know what's going on with Polo and why they keep disabling Steem deposit/withdrawals. I'd love to hear your take on this?
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Poloniex now allow withdrawal for Steem already
Exactly @orionschariot thank you very much for this comment because I am just about to release an idea for us to be able to work on this exact problem! With Poloniex essentially holding hostage almost 25 million Steem, we are going to need to work together now that Steem withdrawals are enabled to get the Steem out of there because it is easier to buy elsewhere and the price everywhere else leads off of Poloniex. If we get that Steem off there, the price will likely to up a lot just from lowering the supply there! I will do a post about this soon!
Amazing @jerrybanfield I'm really looking forward to this post. Count me in to help extracting the steem from Poloniex.
Thank you Adam I hope we can withdraw it soon!