Hi Steemian,
- Today we see another Fall in the price for Steem...
- Steem has been falling since it reached the $2 Mark.
- Reason being very Low amount of investments...
- Let's look at Steem's Volume for the past 30 Days
By volume Steem is #36 although on the Market it is # 17
- Let's look even deeper into Today's Volume: $2.1 Millions that's a pretty good number right?
- Usually Cryptos get a lot of investments when Bear Market( 20% or more Fall) Happens...
While 2.1 Millions were in Volume, 1.2 Millions were Leached (Powered Down)
- At this Rate Steem Just might maintain slow Growth... Although there are a Ton of Much better Investments than Steem on the Market...
This is why I believe steem will keep growing
- Almost 12 Million Visitors In June 2017
- Steem has Doubled it's Visitors since May 2017( 5.9 Million Visitors)
So what do we see here?
- Steem is being Leached everyday, while some investments are coming in...
- The amount of Steemians has Skyrocketed within these few months, but the Prize-Pool has stayed identical.
- Meaning that there is a Lot more competition now for Each Dollar.
- Although Steem is gaining a lot of Attention. Which is really good, since attention is Power!
- The Question is can we Maintain that attention with Lower Prize-Pool and Rewards for Commenting/ Posting/ Currating?
I believe @ned and @dan should be thinking of a Pivot right about this moment...
- There are many ways to Monetize the Attention, and maybe sharing these Gains with Authors/ Commentators so that they can have better incentives!
- Although monetizing has to be done Right. If you just place Ads on Steem during these early phases you might loose the attention.
- In average Steem is still Growing more than it's being Leached so in future steem will go up. Just not as Fast as most people expect.
- Although it is impossible to predict any numbers I want to say that Steem will double your Investments in 4-6 Months at this Rate of Growth (just a rough estimate)
- Steem might make some changes to Attract more Investors in which case this number becomes smaller
- Another Reason to be worried is that there are so Many Amazing opportunities to Invest in other Currencies that People like me and many others are Cashing out in order to Invest SBD into Other Currencies.
- I am not a skeptical person but Looking at the Data there are a few reasons why Steem's Growth will be very slow.
- At this rate if Steemit.com Doubles it's traffic Once more, it will start becoming really hard to make money Posting.
- How fast can Steem Grow it's traffic. Where the Traffic will be 6 Months from now? If the Prize-Pool doesn't grow it might get very frustrating to work and grow your Steemit Presence and make profits!
Dude, your last post was 17 days ago?! What happened to quitting your job and living off of blogging on Steem?! Lost your passion so quickly?
Very interesting article I personally think in the long run steem and Steemit will do well. Cheers mike
STEEM is a long-term investment. We are in a buy-zone.
BUY, BUY, BUY!
no reason to ever worry, steem is going to the moon
Steemit is Growing, Slowly. Many Crypto-Investors were betting on Steemit Saying that it will grow 4x-5x Until the end of 2017. At Current rate it seems impossible, although @ned @dan Might do something to attract more Investments and Grow the Prize-Pool and Steem's Value...
We'll see what the future has to unfold!
Hi Adil, it is very simple actually, the money is there but it is not "allocated" so it remains there on the bottom of the pool till someone finds out how to move it up. many bots are attempting to do so but not very effectively. I read a very good post a bit ago talking about roughly 80K allocated to upvotes monthly!! So if they are distributed evenly to all the steemians then you should expect at least 2$ increase per month without doing anything. This is still wild and raw and something tells me that at this pace steemit is serving only the big dogs as more people power down a couple a times a week. Steemit is more like a stock exchange panel with a human side to it.
no worries for us ,we love steemit and we are not going anywhere
This post received a 2.2% upvote from @randowhale thanks to @adil! For more information, click here!
It's a pretty big correction for most of the Alts...not just steem. Market cap dipped below 90 billion. Once the Market cap jumps up over 100 billion, we should see the price of Steem and many other alts rise.
I'm sorry to be that guy. I love your post, but one thing bothers me. Its is possessive. It's means it is. /ducks
it will bounce back !!!
I think there are so many people connected to it now and soon it will bounce back.
No worries! What comes down will go up again! Great post, upvoted and I'm following you :)
My problem is not with this fall of crypto world - all cryptocurrencies are down at this moment - my real problem is with these unfair rewards for people who create great content.
Most of us spend, maybe 4-5 hours, to study and write a post, and almost all, receive so little.... Delivering so much info is not so easy... Most of the time I spend more for professional translation than I receive from steemit.
At the start they said that they will free the world of content creators... but it seems is not like that...
By the way, you told us that you quit your job for writing on steemit. Do you still believe that quitting your job was a good idea?
You know Dan left Steemit, Inc. in March, right? So this one is on Ned and he seems a bit overwhelmed and lost without Dan. We'll see... but I agree with your general assessment. It's not time to leave yet.
@adil this is just a temporary shake up in the falling of steemit... Let's keep the positive thinking alive.