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RE: IS IT GOOD TIME FOR ANOTHER CRYPTO BULL RUN ? Do we really need it now?

in #crypto5 years ago

Dear @oivas

Every newbie pretty much NEEDS to power up at least 40-50SP in order to have a chance to even "test" Steemit and drop few comments a day.

Would anyone delegate his own SP to new users (having 15SP and almost no activity yet)? I hardly doubt so.

So powering up is a must.

Now, my point is that if you are a newbie worth your salt, would the upvotes from others be of a higher value when Steem is at a higher rate?

I understand and fully agree. For those who would establish their position on Steemit higher price would be amazing.

Lastly, a higher Steem price will attract more investors and users.

Yes and no.

It will attract investors, but not users.

New users will quit right away. The only rescue from this situation is simple: Steemit Inc. would have to change Resource Credit algorythm and make it easier for beginners. But I hardly doubt they would even consider it.

Yours
Piotr

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