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RE: HELP Get the Price of STEEM up over $100!

in #steemit • 7 years ago

I got a question.

If i am understanding this correctly.
When someone trades STEEM for STEEM POWER, then STEEM Loses value.

But when someone trade like bitcoin or litecoin to STEEM, then STEEM Rises ?

Is this how it works ?
i need confirmations

if i am wrong correct me

7 years ago in #steemit by
$0.06
  • Past Payouts $0.06
  • - Author $0.04
  • - Curators $0.01
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     7 years ago 

    No individual can cause STEEM to lose value due to buying or selling.

    STEEM increases and loses value for a number of reasons. STEEM is an asset with a limited supply. Imagine if it were food. If there were a huge amount of people that were hungry and a little amount of food, the food will have great value. If there was a surplus of food and everyone was full, the value of the food would be low.

    $1.84
    • Past Payouts $1.84
    • - Author $1.39
    • - Curators $0.46
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     7 years ago 

    and also when STEEM is traded for other coin then it loses value aswell

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