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RE: STEEMZINE #22 - STEEM Where Is The Floor? The Fate of Steemit Is On The Line
You can look at where it was not too long before that peak in graph. It's new, it shot up high, it's settling back down. People don't need to be getting paid for an #introduceyourself crazy high to stick around. If they do every other site will fail also and facebook wins.
Let's hope not lol
@clevecross no doubt! It is finding it's place. But, its still problematic in the sense that if it does keep on falling...if people keep selling...it will do that. Then it will settle at a price where contributing content may end up being more trouble than it's worth. Now you can draw comparisons to othersites like facebook/reddit etc people contribute and don't get paid. But, they were never sold on the concept of contribute content and get paid for it. This is basis of why people sign up to contribute here. If you are at a cafe and you order cheese cake and get a piece of cheese, are you happy? Probably not. You wanted the cheese cake. :) Next time you may just find yourself going elsewhere. It's up for debate forsure!