Steem on the way to 10 cents?
The price of Steem is approaching March 2017 prices
Currently Steem and Steem Dollars are falling in price. The Bitcoin value price for Steem is nearly at the lowest all time levels.
If Steem approaches or falls below 10 cents will many of you continue posting?
At the same time if it reaches 10 cents or below then it might be a buying opportunity as well. In fact at those levels it might make more sense to buy Steem than to post.
Overall the trend in crypto as a whole is not encouraging. We are seeing record low volumes in crypto. The main issue is that while projects are developing there aren't many people actually using crypto. Crypto might be a good idea but without mass adoption it's going to remain where it is indefinitely.
You are asumming people post only for the monies. There's much more to that. Here you have an uncensorable media place to express yourself.
I hope not. I don't even want to look at the price today :-(.
I don't think it will be like this forever, especially with the Steem blockchain. I saw enough at Steemfest to know that there will be many uses for Steem, and many people who want to use it. Therefore it will go up, it's just a case of when.
Cg
Well Steem is bleeding faster and faster as the price gets lower. I guess sharks smell blood in the water and with a low enough price Steem can become a manipulated altcoin just like many others.
Unless Steem finds a way to increase user engagement and retention we can expect the big money to pull out. Especially if someone had a portfolio once worth millions in Steem Power shrink down to be in the thousands over the course of 6 months.
I really post and iff steem will be 0.10 .I love write about anything nd the rewards not so importante for me.I love this platforme.
Where would you post then? Unless you have a monetized blog somewhere else, there is no reason to stop unless you blog only for money. And if that monetized blog is on Wordpress, there is no reason not to keep using SteemPress.
The worst is yet to come. I think we need to brace ourselves for a wild ride before the industry as a whole (or what's left of it) can start to move forward in a positive direction.