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RE: SAY A PRAYER FOR SBD!!! - A WAKE UP CALL FOR MEMBERS OF THE NEWBIE RESTEEM INITIATIVE
Yes I do! I see now that the lower the price of steem, the more the steem power that comes to you. So for STEEM price of $2.00, we would have:
1.00 x .75 = 0.75/2 = 0.375SBD
BUT FOR STEEM POWER, it would be:
1.00 x .75 = 0.75/2 = 0.375/2 = 0.1875 approx 0.188 SP!
Good perfect ossyjay...
Now what would you get if the price of STEEM plunged all the way down to $0.50? And if you would be so lucky as for that to happen, how much faster would you grow when you compare the $4.21 to the hypothetical $0.50 price of STEEM?
You're almost there... ;)
okay... if STEEM was at $0.50, I would get 0.75 SP on a $1.00 post. Now, comparing that with a 0.089 SP outcome when STEEM price was at $4.21, growth rate equals...
calculating...
wow... a whooping 842.7% increase in growth rate!
Tell me I'm right
$4.21 price of STEEM = 0.089 SP
1.00 x .75 = 0.75 /2 = 0.375 SBD
1.00 x .75 = 0.75/2 = 0.375/4.21 (current price of steem) = 0.089 SP
$0.50 price of STEEM = 0.75 SP
1.00 x .75 = 0.75 /2 = 0.375 SBD
1.00 x .75 = 0.75/2 = 0.375/0.50 (0.50 price of steem) = 0.75 SP
Yes you are exactly right.
Now would you like the price to go higher or lower?
Aww yes!.....definitely lower haha!
so when you are worth millions of dollars of steem then maybe you will want it to go up. but until then, you will want to get as much as possible so you always get more if it is lower.
did I help you understand that?
yes you did @davemccoy thanks!