Steem price has nothing to do with it
its the amount of people that join steemit that affect the price
if we have thousands of new people each day, the rewards get distriibuted amongst them as well, lowering the money for everyone else
my posts are falling rapidly all the time because of it, i had one post that was $25, within 6 days it was down to $11
the more people on the platform the less money for everyone , just how things are
No wonder they make sure to check who's joining the platform. Just to slow down the pool when you think about it which makes me wonder if telling so many about this was a mistake. Not sure what to think about this going forward considering how hot this site has gotten recently. People say to hold on but I'm sure many people would feel like they ain't got time to wait around for something to get better.
So with some cashing out and others just losing faith in the platform, that's a bad combination yo!
I was told that the price of steem does something has to do with it. So if your post is saying that it's because of the amount of users... Then in the furute there wont be much to earn? How are they gonna handle this @moderninvestor
Unfortunately this kind of reward works best with money coming in as well as going out. Right now theres an unbalance with more people cashing out than investing. I'm one of them, only because I live in a country where I can't simply purchase BTC. If I could, though, I'd invest every penny on steem