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What are the factors that effect or influence the price of steem?
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BTC is the dog that wags the tail. The price of STEEM has seen action similar to that of almost every other altcoin despite the breakneck speed of development that is currently taking place. Altcoins tend to follow BTC both in bull and bear markets with a delay and their relative price movements tend to be larger.

I was going to mention other factors but it's quite obvious that unless something catastrophic happens, factors intrinsic to STEEM seem to have negligible impact on the price. 

What I'm hoping is that once STEEM has an internal RC market, SMTs, and Hivemind in place, there will be so much organic growth that the positive buzz will be noticed in the wider crypto community and even outside of it. That would have a positive effect on the price.

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We all know that the price of steem is very low and Not only this coin we see that prices of all the coins decreased . Now the coins are very low. If we open the coinmarketcap site, we will see that the price of the top 50 coins is totally reduced. The biggest reason behind the decline in the price of steem is the decrease in the price of Bitcoin in the market. We have seen that when the price of Bitcoin raise, the price raise to the steem and when the Bitcoin price decreases, all coins price is very low. So I think this is the main reason for its price decline. But there is no reason to worry about it, it is going to increase its prices very quickly. The price of these coins is going to increase significantly in 2-1 months. At present, we see that the price of good coins in coinmarketcap is increasing gradually. It is very good news for us. There are a few reasons to increase steem coins. Some of the reasons for this price rise in coins are discussed below

1. It is going to be SMT Lunch in 2019 due to its price increase

2. We all know that coins can be used to increase the price of those coins steem just like that coin

3. It has its own platform, so the price of these coins can be increased very easily

Check out my video to know more


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Crypto currencies are highly unpredictable/ volatile.

These are mainly based on the speculations and trend change very sharp.

Same has happened again, some news/ speculations have spread and all the investors got panic and started selling their holdings. 

A crypto market is not regulated by some regularity authority so there is no one to safeguard the interest of small investors.

As some large selling and buying is observed or some news is broke, crypto market reacts very fast.  

In situation like this one should remain calm and should not take decision in haste. 

Decentralized technology is still new to the world. Its market penetration and adoption is still negligible.

With the passage of time as more and more people are aware of this technology, it is becoming more and more popular. 

Now even many countries has started accepting this as currency and many other are in the process of adopting.

So in future a more countries will jump into it and it will gain more trust of people. Its value will also increase. 

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Currently the most determining and notable factor in determining the price of steem and sbd is undoubtedly the market flow, basically if both cryptocurrencies are not circulating in the same way as the others simply the price will remain somewhat stagnant and if we add the fact that the market in general is at a slow pace well with greater reason prices will remain and could even drop more.

Remember that the cryptocurrencies no matter how innovative and technological they are also are governed by the most basic principle of all economy, supply and demand, that is, if there are few people investing or buying steem and sbd is unquestionable that prices deflate.

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