RE: Steemit Price fall why failed to gain after Fork 22
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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.
lol the reality is that there are less buyer and more sellers in live trading market which is awful
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.