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RE: The low price of Steem does NOT mean low payout: Don't be short sighted!

in #steem6 years ago (edited)

Hey Holm.
First of all, you know I do think that the price will go up eventually.

However, your reasoning doesn't make sense mathematically. You don't earn more steem for your articles than you did when the price was up. The reason for that is the following (I will use very simple numbers and disregard curation awards for this example):

Let's say a few people like your post. The payout is 10$. When the price was up at 5$, that meant 0,5 * 10 * 1/5=1 - you got 1 Steem. Now that the price is down, if the same people like your post, the payout will be 2$. That means you'll get 0,5 * 2 * 1(approx.)=1 Steem. You still get the same amount of steem. However, it is worth way less than before and so are the SBD you get.
So in short: You do get way less value for blogging right now. If you see the steem as an investment, you don't get less, but you neither get more (except for small effects such as less people posting...).

So what I am saying is, this is not a "bad" time for posting, but it is neither a "better" one than it was when the price was up. Let's stay realistic here :-)

Greetings from Bali!

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Hey my friend, that is very true what you are saying. What I tried to send the message from the post is exactly that you didn't get paid less than before. In fact you might actually get paid more since the activity on Steemit decreased quite drastically since when everything when down = less competition of the pool. Now, the inflated sbd dollar might have ment we earned more than intended back in those days but I wouldn't count on that is reliable or even hope it's gonna happen again.

But again, you are true about what you are saying. The time isn't worse or better necessarily.

cool, so we agree :-) I do wish SBD comes up again one day tho haha

OH it was lovely. But it seems like the new hardfork coming here in september should make it even harder for that to happen, unless I misunderstood something.