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| comment | | "parent_author":"jerome-colley",<br>"parent_permlink":"steem-price-drops",<br>"author":"the-bitcoin-dood",<br>"permlink":"re-jerome-colley-steem-price-drops-20160811t161728545z",<br>"title":"",<br>"body":"Looks like a standard market correction. Steemit opens showing what the Steem blockchain is capable of,<br> excitement grows,<br> price goes up,<br> around June we see a market correction. \n\nPeople begin to talk about steemit,<br> news spreads,<br> press releases,<br> people hop on the STEEM band wagon,<br> price moons in July ,<br> investors sell high,<br> another slight market correction,<br> some consolidation,<br> price adjusts up or down. I'm going to shoot from the hip,<br> but due to its meteoric rise,<br> I'm guessing it will fall more,<br> begin to consolidate again,<br> and then depending on STEEM and Steemit development the price will continue to rise or fall accordingly. Here's a chart from coinmarketcap showing it from STEEM start to today. ![ (http:\/\/i.imgsafe.org\/c9dee4506c.jpeg)\n\nYou can see the market cap in gold increase with excitement as word gets out about steemit. The price in blue rises with the market cap,<br> and excitement. \n\n The dust is simply settling ,<br> a bottom will form,<br> and which direction it goes will be mostly up to developer innovation and community support keeping the excitement growing,<br> and whether people mass dump there steem or hodl! I'm interested to see if people believe in the platform enough to hodl their STEEM and not cash out. At least that's The Dood's two satoshi. LOL",<br>"json_metadata":" \"tags\":[\"steem\" ,<br>\"image\":[\"http:\/\/i.imgsafe.org\/c9dee4506c.jpeg\" " |
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