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RE: DAILY STEEM REPORT JUNE, 23TH ★ STEEM 2.17$ + 3488 New Accounts

in #steemit7 years ago

Again, big green day and it will grow up at a increasing rate and probably up to 500k members really shortly. It is good news that the steem price go up, however sbd is growing so fast too so i miss my chance to convert more steem power :(

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Can anyone tell me the correlation between many members and the convertion?
Thanks Wiedy :)

There will be no perfect correlation but let say if you think steem price is going to go up, a reasonable move should be keep your steem as power as it represents a equity like in the company, so when steem goes up so as your equity value.

And the numbers of members definitely drive the steem price because what happen to steem price if there is no members here? It is just nothing.