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RE: Is Steemit Dying?

in #steemit8 years ago

It's rising in popularity but decreasing in value, so that could be a bit of hype playing off with the numbers and all. Still, there is potential to earn a lot of money here but the bigger payouts seem to be becoming rarer, competition is becoming a lot more fierce, it's becoming harder to be recognized. My account value has dropped from 1500 to 485 in the two months I've had it, will it be down to one cent tomorrow. Powering down seemed exciting until I realized how little it's becoming worth. Steemit is an incredible idea and I still believe in it, but this downtrend has to stop. As I've said in a previous post, whatever happened to those 30,000 dollar payouts..

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Reduced whale (full power) voting means high-payout posts are few and far between. Additionally, some whales have started downvoting high-payout posts. This is a good thing! While high payout posts are flashy, they in turn reduce everybody else's payout. By limiting the payout on even the most trendy posts, the rewards get spread out much more evenly, so even the mostly unnoticed posts receive a slightly larger share of the reward pool.

If you have eyes you can see that the people making money off of Steemit will never be you. Don't quit your day job.

Yerm come on dude.

Have a look in my wallet. Seriously go for it.

I'm nobody special, okay?