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RE: Why STEEM price is falling

in #cryptocurrency7 years ago

Thank you for the interesting question. I ask this nearly every day currently if i see the declining in STEEM price. Today we have $1.09, yesterday $1.13, a day before $1.15. Last year there was a similar situation and now recognized Steemians discussed that. It's not so easy to digest but many interesting ideas and the idea of long term investment in STEEM POWER (SP).

If you look at the positive sentiment of @hisnameisolllie @merej99 @smooth to support Steemit. They all did well. Now they have a high reputation because of the long term approach and should compensate any price falls with their high quality posts.

What is in the pipeline from what i know to make Steemit even more interesting:

DTube project is a wonderful idea by @heimindanger to get video into the platform. If you look into posts many users embed or link Youtube Video because Video can have a much higher information density than other media like text or static picture. Currently DTube lacks only of massive content like Youtube. The question is how can we compensate that and how long does it take? I see the only chance if all the content from Youtube can be also used in DTube. That would be a catalyst for the project. Authors should be motivated to publish their existing content on DTube and in the next step new one.

The Free Market Has Spoken DTube Is Here! A Blockchain Solution To YouTube Censorship! - video by Press For Truth

Dtube is a YouTube alternative, on Steem (in BETA) - video by The Outer Light

Topics are now broader, not just cryptocurrencies/anarchy like last year. Now we see more and more content from all areas of life. The platform is now attracting more and more people from many different backgrounds to be more a social media platform.

One unique position should remain is the incentive to get paid for high quality content. To me it drives people and the platform to hold better content than others and that should lead to exchange of users from other platforms. It's quite simple give value to get value. That principle is very important. The system must be balanced out to give rewards to people who believe in Steemit (invested in SP), who contribute high quality content with value for others.

Do you know the current number of users on Steemit? I was No. 275,433 a month ago. What's the number today and how the chart looks like?

That are just my thoughts from my current knowledge.

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