RE: Steemit Price fall why failed to gain after Fork 22

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@onthewayout wow then why steem price sink ? can you answer more curation but people are powering down and leaving for other projects . What positive gain on steemit with so many updates and forks steem going more down , stop threaten steemians. can you see how much ocdb is invested on steemit look at his account he is powering down and shifting all his money to his alt accounts and selling daily 1000 steem so how could price come up when every whale who got free power from freedom is selling but downvoting those who come here and invest their btc to steem think about it.



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...but people are powering down and leaving for other projects.

The numbers tell a different story, since September 16 a total of 4,797,406 steem has been powered down but 8,071,648 has been powered up so you are incorrect. That is net positive of 3,274,242. Yes some people are leaving but that is to be expected if the bid bot users and serial spammers can't milk the system anymore.

I was expecting the price to go lower but it has held up very well especially against bitcoin until yesterday (but that has more to do with day traders jumping on the BTC pump and has nothing to do with the conequences of HF21/22).

The drop in price on September 24 also has nothing to do with the changes from the last hardfork. That is when BTC dropped from almost 10k USD to 8K USD.

Steem Price.png

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lol the reality is that there are less buyer and more sellers in live trading market which is awful

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The reality is that this has been like this for a long time. It was like that before and after the hardfork but as you can see from the numbers that I presented that more steem is being powered up than powered down after the changes. Will that trend continue? Maybe. Did the changes make the price go down? No, steem has been trading within a range especially against BTC and the sudden drops are clearly linked to the dumps in bitcoin and the changes have not had a significant impact on the price.

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