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RE: Steemit: The Current Identity and the Lack of New Investment
Great post. My price projection for STEEM was $0.05 by December 15th. It looks like we might get to that WAY SOONER than I thought. It could end up below $0.01.
Of course all this could be avoidable but actions speak louder than words and it doesn't look like the leadership is actually willing to take drastic actions and take user feedback from the real people on here that have consistently produced content, curated, and engaged with the community oftentimes for piss ant payouts.
I would really hate to see the price drop below $0.05, but if that happens, we might finally see some people stopping the power down schedules. Maybe not. Depending on how things look at that point, I may convert some of my SBD.
I don't know if there needs to be drastic actions, but something to signal to users and potential investors that there is actually leadership and that they are willing to take some kind of action to get things on track would be nice. I just don't feel like this is something that the "higher-ups" are very good at doing - or are very good at communicating to the rest of us, at least. If they're listening to our requests and feedback, they're not doing a very good job of showing it.
Your SBD will de facto autoconvert well before reaching 0.05. Below roughly 0.10 it will no longer be pegged to USD and will track STEEM instead.