Why Steem price doesn't increase?
This is always a continuous question here. In the past two weeks I think, I found the a real reason.
The picture which I choose for this article symbolize the expectation what everyone who came here expect.
Post from the seaside with a cocktail, than money comes!
I WILL TELL THE CRUEL TRUTH!
No money without investing!
Some fellows like me, investigated the possibilities, and invested to the platform (Real money, not only work), I think it is a real expectation that we able to get returns from the invested money.
How it goes ? We not only post, but also use promotion services like @booster and @minnowbooster
What I have seen ? Many of the platform users are envy, and use reporting the articles as abuse and not valuable posts.
I think this behaviour make more damage to the platform than most of us expecting.
The site works like other companies which on the stock market. If the demand for the crypto currency which behind of the site is out of supply then the price goes up. If more than the demand, the price goes down.
Why I tell this ? If someone put their money to advertise the own article, I think it would be propagated not punished!!!!
Until the whales use their power to ban these initiatives, they will push down the price of steem which is against the platform and against most of the users of the STEEM platform, who not only use the platform, but also invest to the platform.
I hope this article will reach @ned and @dan and they will understand the importance of these investments in the future of the platform!
I will be also curious about the opinion of other steem users!
Thanks,
Cuttie1979
It is unfair that the great harlot takes everything
After 1 month on steemit, I do agree with you. what I have noticed that most of users are not reading the post. they just (if they feel like) upvote or not. they aim to get as many as followers, upvotes and ultimately money by any cheap tricks like @booster .
Everything will be beautiful in time, be patient and keep the spirit :)
I just joined the community but this helps to see what is going on. Thanks for sharing
Agree, this is just money making and does not help to produce content. For sure, people could invest the made Steem into new promotion. But, we are talking about whales and dolphins, which do not need that.
How to stop that? I have no idea right now.
I think the investment to upvote is not a problem. It helps to receive growth. If content quality is not good for others, than they will not upvote. But this also magnet money into the platform. If we ban those who invest to steem, what do we expect ? Everyone want to get money out of steem, this is a classic economical problem. If sell more than buy price goes down. I think this is simple like demand/supply question!
If someone wrote a decent enough article and use upvote bots, there should be nothing negative about it as you said "If content quality is not good for others, than they will not upvote."
If someone publishes copy-paste, static information (such as BTC/ETH price feed) for $50, one sentence for $50: @traf, all other sort of tricks (e.g. selfvotes), it also does not look good to new investors, users and content-creators; they may seem themselves to be betrayed too (they don't have money to game the system). Flag/downvote is here for a reason.
The problem is simple. For 50$ upvote need to invest minimum 30-35$. 25% of the 50$ goes to curators, so it is minus. So the total income is 5-7$. If no income then this person never will invest more real money to steem. This consequence that less money will come to this ecosystem, so the price of steem will never goes up. I'm looking the economy part. Otherwise how the system makes money? If the money only goes out then price will drop, as we seen in the past on steemit.
Ture, it is an economic system. It is easier to create money in this system, but still, it follows the same rules.
Very informative post this this. Thank you @cuttie1979
I think because the elite within the crypto communities look at steem as rich people look at Walmart. And I don't blame them.
img credz: pixabay.com
Nice, you got a 100.0% @minnowbooster upgoat, thanks to @cuttie1979
It consists of $19.03 vote and $6.34 curation
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @cuttie1979 to be original material and upvoted(1.5%) it!
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Danke für den tollen Gedankengang. Ich habe in den letzten 4 Wochen auch verschiedene Booster ausprobiert. Zu Beginn war es auch ok, das lohnte sich noch, nicht nur wegen des Geldes- ich habe dadurch auch neue Leser bekommen. Doch was mir auffällt, dass die Booster in der letzten Zeit im Verhältnis zu dem was sie in Geld bringen, sich absolut nicht mehr rentiert. Auch die die Leser, die ich dadurch neu erreiche, upvoten nur - ohne Wert - aber sie schreiben keine Kommentare. Ich habe jetzt noch 2 Test´s laufen, werde aber Booster zukünftig nicht mehr nutzen .
it is a slow process of continuous fluctuations and volatility towards higher prices...if you are planning to buy steem to make quick gains? I am sorry buy something else...