Quote from: bbc.reporter on August 27, 2016, 04:27:10 AM

Quote from: OmegaStarScream on August 26, 2016, 06:12:23 AM

At some point, everyone was talking about it, I've even seen people in the introduction section writing how they quit their full-time jobs, etc... just to stay with Steem and now, It's pretty much gone with ~100m $ market cap while It was almost 300m $

Those are clearly hype and attempts for those users to get their post upvoted. Their plan all along is to get as much Steem as possible and then cash out as soon as possible. That is what is happening right now and it will go on until the price of Steem is very low and also until the hype is gone.

I pity the people who believed in it and are holding Steem Power right now. They are stuck for 2 years while watching Steem falling down really fast. I must be torture. Watch the video of Tai Zen on Youtube, he is clearly very concerned about the situation but still does not believe and accept that the model Steem is following might be flawed.