You are viewing a single comment's thread from:

RE: DAILY STEEM REPORT APRIL, 10TH ( STEEM 0.15074$ )

in #steemit7 years ago

It seems like it will take quite a while for the rewards to fully normalize. I believe that price will follow users moreso than precede them, but when the rewards are back and as long as distribution of rewards/influence is still good, we will have a virtuous cycle were users -> price increase -> more users -> more price increase etc. until it is not sustainable any more and we crash, but we crash from a high level.

It does seem like rewards will take longer to come back fully than what was initially believed. I think that as long as the speculatively holding price stays above 10c for the next few weeks, we should see another run up in both users and price during May/June.

Sort:  

We just have to be patient, good things need their time :)

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62255.52
ETH 2449.42
USDT 1.00
SBD 2.63