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In general we are all happy about the price of steem reaching new heights in the past few days. But did you ever think about the positive and negative effects of it in your steemit experience?

Without further ado here is my Positive and Negative effects of Steem price Hike

Pros or Positive effects.

A. The more steem you HODL the more earnings you will have if converted it to dollars if the steem price continue to rise. you will gain lots of money.
B. More people will join steemit because of people don't want to be left behind, mostly those people who already know about cryptocurrency for a long time.

Cons or Negative effects.

A. Your SP reward is small compare to your SBD reward. Why? you can visit one of the witnesses post here to understand witness @dragosroua
B.It will hard to earn Steem Power if you will only rely from the reward.

These are only the things that I have noticed so far, if you have some addition you can write it down on the comment below.

You are free to correct me if I am wrong