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RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 2/28/2018

in #steem8 years ago

@taskmaster4450 I really enjoy theses updates. It helps to keep me motivated to try and reach the next level. It is encouraging to see that people are moving up the ladder. Thanks for taking the time to put this together.

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You are welcome.

It is good to know the system is working and that people putting in the effort, will see their accounts grow. It does go slow at times, but it does happen. Gaining another 100 SP can have huge impacts on an account down the road.

Few take the time to realize that when STEEM is at $10, it will take a lot more to power up by buying STEEM. And as more people join, the reward pool is diluted meaning more people are sharing in it...this makes it tougher for the rest to get STEEM.

This all should help the price of STEEM.

I agree. We have it pretty good now. Need to work hard and enjoy the ride up in steem price. Have a wonderful day.

So i guess your advise to those new to the system would be to power up as much as they can. Else lose out in the long run as the price of steem can only soar higher, not lower.

That is the total number of people who are Minnow (around 500SP) or above.

I never knew you had to have around 500sp or above to be classified a minnow. And i have been calling myself a minnow :(

Well, this is really informative. Now , i know how the system works. Also, i know i am a red fish. Hmmmm, got work to do

I made the same mistake. I wasnt aware of the Red Fish level until long after I crossed 500 SP.

Yes I advice powering up as much as possible. It is up to each but I think the benefits are outweigh anything else.

Plus people will be very happy they did in a year or so.