What may be the reason of sharp decline of Steem price?

in dpoll •  2 months ago 

What may be the reason of sharp decline of Steem price?


Greetings Steemians!


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Steem price hit its highest value for the last six months when it reached to $0.3017 on 14th Feb this month. Now, it is declining and its almost $0.205 now. So, it lost roughly its one third value in just three days. Isn't it surprising?

According to you, what may be the reason of this sharp decline?


  • It is because of selling of Steemit. Inc to Tron.

  • It is because of large pump and dump.

  • It is because of sharp fall in the price of Bitcoin.

  • It is because of low confidence of the investors on Steem.

  • Any other?

  • It is surprising but, it was destined.

  • It is because of profit earning mindset of the large investors.

Answer the question at dpoll.xyz.

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Voted for

  • It is because of low confidence of the investors on Steem.

Voted for

  • It is because of large pump and dump.
  • It is because of sharp fall in the price of Bitcoin.
  • It is because of low confidence of the investors on Steem.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • Any other?

Probably the selfish and greedy attitude of the majority of the Steem blockchain users. Many people are focusing only on their own blog posts, but they do not care about other people's blog posts. Nowadays there are 30-32 000 daily active users, and the number of the daily blog posts is sometimes more than 40 000, but the average number of comments is only around/about 3, and most of those comments are bot, bot-like, spam, spam-like comments. This is not appealing for the potential new users, nor for the existing users. Many people are left (and still leaving) the Steem blockchain. The number of the monthly active users is decreasing month by month. If the investors have low confidence in Steem, then I do not blame them. I currently also have low confidence in Steem. I am very disappointed in the (not-so-existing) social side of the Steem blockchain.
Based on what the users are doing nowadays, I would not say that bright future is waiting for the Steem blockchain.

Unfortunately, we are unable to stop it. We don't have power to do anything.

Voted for

  • It is because of large pump and dump.
  • It is because of sharp fall in the price of Bitcoin.
  • It is because of profit earning mindset of the large investors.

Voted for

  • It is because of selling of Steemit. Inc to Tron.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of selling of Steemit. Inc to Tron.
  • It is because of large pump and dump.
  • It is because of low confidence of the investors on Steem.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of sharp fall in the price of Bitcoin.

Voted for

  • It is because of sharp fall in the price of Bitcoin.