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RE: Can we help influence the value of steem, is it possible. what do you think?
I think in general, the problem is there is too much Steem on the market, no matter how high we set up the price, if there is no buyer and no interest to buy it will not bring much.
You can see that Hive has the same problem.
It is more important to have the people who will either buy large amount and stake, so that is out of the market. That is only possible if:
- there will be investors who buy and stake it, or
- burning of large amount of Steem and it is really large like Millions
We can see that with burning of Tron the value remained stable.
Also the fact that there is no Tron in payout make the price for Tron stable, otherwise thee users, usually sell their Trons and that would also overflow the market with Tron. But with not paying Tron the price is stable.
I agree that there is too much steem in the market and that we need to burn a lot of steem to keep the price stable, but we have to start somewhere.
Some people buy steem when they are sold on the market otherwise steem would have no value.
And if everyone who earns steem from their posts and doesn't sell below $0.20 it will have an effect.
A greater effect is, of course, if most people do not sell and run a power up throughout January.
Unfortunately, there are some who milk steem to buy another coin and it also affects our steem price, I have previously tried to tell about those users because it is about a lot of steem being drained, but it seems that no one cares.
But in any case, I think it's worth trying to get everyone involved in this campaign in January
I wonder if setting up such price $0,20 people will be able to sell, because there always will be someone who will drop the price even outsider. If the Steemians will not be able to get rid the Steem for such price they will drop it too, especially if someone relies on Steem like on financial income.
Im joining this conversation 😃
Agreed, this is one of the use cases and should remain a use case for these. That's the point of it and how it's marketed, get rewarded for being a content creator, content creators also need to pay bills right? The beauty of social rewarding platforms like steemit and hive is seeing people in poor countries thrive because this use case changes lives.
Great point @xpilar, is it short term traders or investors betting on profit down the line, they will also pay themselves off the APR at least, investors will look for return on investment or there is no point in it right?
If you could pay yourself with the post reward or club50 and prize could thrive in such a way the platform will be a success. But how..
I think currently it is marketed as "do post and get paid" that is why people who do blog orientated in making some money from posting. The posting is producing steem and more we generate the less price will be, it is like ordinary Inflation, when too much banknotes printed the value will drop.
Yes, it is better if postpayout is SBD, as on hive it still pays HBD, prices need to drop below 0,6 for a haricut on HBD. This reduce sell pressure of steem.
The system on Steemit so programmed when the value of Steem and SBD falls the SBD debt ration is low as 10% then it will be no SBD issued
Ok ty
The simple answer is to burn more steem
I wish I had the details on that
yea me2
Yes, it can happen, but they get paid better if the price goes up