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RE: Why are Digital Currency Prices Dropping? Time to Buy Steem!

in #cryptocurrency7 years ago

This is really golden opportunity for those who missed investing in steem when it was below $0.50 few months back... now they have got one more chance before it goes to $10.

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you right @hms818
nice comment on @jerrybanfiled post
do you also blog on crypto?

Let's think about it. Steem is not going to go to $10 in the short term. More, a medium term thing like over the next 2 years. Or do you think sooner?
I am getting in but I think there are more falls to come... a put on Steem will simply create a dead cats bounce.
I wish I knew about Steemit when it first started... heyho... I know about it now and god am I happy.

Exactly! I regretted missing out on it at $0.21 when I first learned about it from @robertgenito and now I may have the chance to get back in at that rate before it goes way up!

well if steem is supposed to work as intended, we need to refill the reward pool, otherwise there will be loads of posts, but no more rewards to pay ... with a price low like this we will see steem down as in second half of 2016 ... that´s my opinion ..
by the way, if the reward pool is empty, many will leave, like we saw it last year


https://steemit.com/steemit/@leongkhan/reward-pool-analysis-why-your-rewards-are-dropping-and-when-it-may-turn-around

The post you linked does call a low in the rewards pool around July 29th, before it will start trending back up. It won't totally drain.

it won´t completely drain because of the low steem value currently right?
i just recall last year, when the reward pool was empty, steem was worth 8 cents ... so votes were worth less and the reward pool was able to fill up.
nowadays we have a decent amount of plus in active users, which eventually stay active, even if the reward pool will keep draining .. and it will for at least 2 more weeks.
yes we are now on a level of payouts were the reward pull can recover, but this happens very slowly ...
i will keep seeing my rewards getting less and less within the 7 days until payout for quite a while, but i guess i´m fine with that ...
steem on :D

I don't think it will drain too much more, but I wouldn't define another 25% drop as "too much".

"yes we are now on a level of payouts were the reward pull can recover, but this happens very slowly ..."

This is true, but it also means that the level of payouts at that time will be sustainable, and we can rely on that minimum level of profitability, at least in the near-term.