Steem price is going down - How is this good?

Steem has been on a downtrend for two months now.

This basically means that there are currently more people selling their Steem than people willing to buy Steem. How is that any good?

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Boom-bust

Markets tend to grow in boom-bust cycles. These cycles have to do with human emotions like greed and fear. People who are trying make a quick buck. This is why value of a stock or commodity does not increase linear over time but has large price swings. However, when you look at the long term the trend is upwards as long as the fundamentals are solid. While there is still a lot of room for improvement with regard to Steem, everyday the community is working together to expand this platform. New projects and idea's pop up all the time, like the recent release of Dtube(source). New problems will arise, yet over time they will also be solved. Every addition or problem solved adds to the fundamental value of the platform over time.

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So not only is the falling price a natural process. Weak hands are currently selling their Steem and those who are buying the Steem are the strong hand that believe in the long term future of Steem. As more and more Steem flows from the weak hands to the strong hands, the strong hands gain more influence over the platform and are better able to guide its growth.

What to take from this?

The $$$ value of Steem does not matter that much in the short term. If you believe in Steem keep doing what you were doing, keep creating and curating. Over time the platform will grow and problems will be overcome. If Steem was already perfect today, there would also be little room for growth.

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