Don't Panic
Estimated rewards will drop
This is a mathematical certainty right now unless the price of steem suddenly rise to $2.30 or over and sustains itself there. Since the estimated rewards are based on a seven day rolling average and the value of steem has been dropping all week, the reward estimates are currently over estimates. Even if the value of steem starts to rise, possible since the curve seems to be levelling out, the seven day rolling average will inevitably fall. Thus dropping reward estimates are to be expected.
I know, I know, it feels disheartening anyway...
Long term gains
In times like these, if you can't take advantage of the cheaper prices to invest some more, it is worth remembering that the long term trend is still on the up, we are building strong communities in this meta-community, and the current fall was linked to a fall in crypto values across the board, including bitcoin and ethereum. Here is the chart from the last two months, we are still in a position of significant gains since the beginning of May...
Do not panic. Think only of yourself.
Some words from the Blessed One...
Disclaimer: I am not a financial expert and this article is written to calm my own nerves as much as anyone elses, and is not intended as any sort of advice. I assume you know your own financial possition much better than I do, and you can assume full responsibility for it. I have enough trouble managing my own... :P
Thanks for explaining this.
Steem isn't pump and dump meme shit, it's the real deal. Therefore it's important to focus on the long-view.
Still trying to work out what pump and dump schemes have to do with memes. But yeah. ;)
Great advice. Thanks for calming my nerves.
Is there a threshold that you know about that the rewards will start to drop at? You said it's a certainty...so I assume there must be!
This sucks balls...I'm gonna go from making almost nothing to making almost nothing!
It is a seven day rolling average and the price has fallen over the last seven days. Unless the next day rises to more than the price seven days ago, the rolling average will drop. Currently that means the value of steem against the USD would have to rise quite a bit. The drop will be in the region of 15% or so, depending on whether the value levels out, drops further or starts to rise again.
Further clarification. The rewards themselves won't necessarilly fall, just the displayed estimates.
This is the life
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Good post, Now NASA launch a new Satellite Weigh 64 grams Read here;
https://steemit.com/nasa/@hamzaoui/what-nasa-satellite-weigh-64-grams
Good post, Now NASA launch a new Satellite Weigh 64 grams Read here;
https://steemit.com/nasa/@hamzaoui/what-nasa-satellite-weigh-64-grams