Economics freaks would know the with the the decrease of demand the value/price of the demand also decreases.Steem cryptocurrency is constantly decrease its value and that is really causing problems for the authors as their rewards are are decreasing on their posts which they made after really hard work.
However what we can do is that keep our trust on steemit so that it's value continues to grow.A lot of people start selling their steem after little decrease in its value and that further creates a downward pressure on the steem cryptocurrency.
We would have to do this as a unit and make others aware too to keep trust on steem.
I think there are a few things happening;
People who are "in it for the money" get their money and cash out without reinvestment. These are the same people who are "Powering Down"
The flood of new people to Steem brings three kinds of people;
I think to make Steem grow, that we need to encourage more quality posts and reinvestment!
I think the market overall is suffering. It will bounce back and everyday there are thousands of new users. We just need to keep supporting each other and spreading the word! Personally, I'm powering up every Steem I get.
I have to agree with you, soon only the strong will survive. Alot of people are putting in alot of work but getting little reward. My question is take away the pay system and what is left ? people will go back to facebook
Facebook is depressing. I only use it to stay in touch with people nowadays. It's just cluttered with ads and shared videos. I like the simplicity and positivity here on Steemit. Hopefully we never have to revert to Facebook.
yeah If you take away the pay system a lot of people would leave, but people actually get good rewards on here, you start out small,but if you keep working at it, it starts to pay off
That's true the big whales are taking the whole cake
I just wrote on this same topic and made some points related to data. One thing I am clear about is that I have debunked the claims made by every single commenter I have seen so far (possibly including me too) who claims to be sure about something. However, it should be possible to get an absolutely concrete understanding of all of this if the data were being properly analysed. There's clearly room for an 'overview' app of the whole economic system.
Great post! Resteem it! People should know that they are the ones who make the success of the platform
Glad you got the point make this as much aware as possible to other steemiams
The rewards people receive and the price of Steem are only loosely related.
The price of Steem is down because, amongst other factors, all the major cryptocurrencies are down against Bitcoin.
The rewards are down because there is more demand from the rewards pool.
It's explained fully here:
https://steemit.com/steemit/@penguinpablo/here-s-why-your-potential-payouts-are-going-down
Agree with you. I can see future of steem here