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RE: Scientific STEEM Forecast - BAD NEWS!
The constant bearish trend is pretty worrysome. We don't want the STEEM price going down because then our SBD and SP will be worthless.
We need to make the STEEM price go up, and that is only done if the community has trust in it, and people buy STEEM.
And of course that will probably happen with more adoption, and restricting the inflation of SP and other things.
I don't think the levers are set optimally, the inflation is pretty high, decreasing that would give more stability to STEEM.
Actually, we do want for the next several months for the price to go as low as possible and stablilizing there. With the current distribution of steem power things are very skewed, so only a few whales and orcas usually decide if the post pays in anything above $1. As soon as the power is more decentralised growth should result with more users seeing their efforts rewarded. This post among many others explains why this is so, and why the whales are powering down, thus forcing the price of the token down.
I disagree.
We might want more equality between SP in the hands of Whales and Minnows, but that should not mean Steem going down.
If the Whales sell all their STEEM, that is bad, it siphons money out of the system. They should instead just use Steem Dollar, for shopping or other things.
We have a marketplace for example: https://steemmarket.sharetribe.com/
It is not for buying things for money, and about 25-50 accounts have 90% of all the steem power. Besides they can't sell ALL of their Steem, since it is locked in the SP, only 1% per week. The problem with that is alarmism, and well disillusionment with the system as it is.
And yeah, it is good to buy Steem, especially if it goes any lower, and use SBD for payments. For best results there might be some need for SP transferrals. Hmm, perhaps I should suggest it in the bounty discussion.