[READ VERY IMPORTANT] Why the market volume and value of Steem continue to decrease? What will happen?
Why the market volume and value of Steem continue to decrease?
Hello to all friends, it's from early July I'm keep constantly observed the steem value and its market volume. Steem has grown enormously after it was entered in bittrex.com, he had a higher market also of eth and various currencies. But after two days he had lost a lot and then retrieve it when it entered in the market of poloniex.com.
Now again it losing much and the big trade platforms are over. I invested some of my savings in steem, convinced that the project and its fast expansion did rise steeply the value, but it does not seem so, because despite this, he loses market volume and value of coin constantly from several days.
In the end all this is normal, because if there is no demand in the markets for steem its value decreases, is the simple law of demand and supply. I'm not a super expert in economics, but I have studied the financial markets and the crypto currencies undergo their own laws.
Example:
Why the BTC grows? Simple, its use is every day more extensive, we can do almost everything with the BTC, you can buy all kinds of objects, do the shopping in some countries, in Malta's universities can pay the inscription with btc, and more and more. There is a real practical use of its value for that every day more people need to buy BTC and will be increasing.
What you can do with Steem?
Essentially nothing, you can only sell it for BTC. But why should people buy Steem? Indeed they do not have any reason to buy it, because now it does not have any use. The same applies for Steem Dollar.
As I wrote above I also invested in steem but now I realize that I did not use the brain but I followed the sensations. Very wrong for an investor to make investments that are not calculated well. I hope to be wrong, but in the current situation, market laws are against.
What will happen?
In addition to investors this will hit a lot whales, because their massive gains if the value continues to decline, will come to worth nothing. If Steemit does not do something to remedy this also his project will begin to collapse, because if the income worth anything, no one will waste more time in post in Steemit and its users give up all.
This post is not a criticism but an analysis of the currency market situation, and an incitement to Steemit to do something, otherwise will not fly, because I believe in the project!
Thanks for your attention.
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