There's been a lot of posting in recent weeks about how newbies are complaining too much about not making anything on their posts, as well as those with higher Steem Power proposing roll backs in hard fork changes—linear curve, 75/25 creator/curator payout and change the ten upvote maximum to 20—so those who have been sacrificing earnings on behalf of the community as well as those who have been full bore with leasing delegations and providing bidbots can return to manual curation and flagging (provided there's incentives to do that).
While some of this is ongoing, the last few weeks of these kinds of posts have coincided with the drop in STEEM and SBD prices. It's not like price drops are anything new, but the vast majority of people who are currently here (those with less than six months), did so as prices went up, so when prices plummet, it can seem like the end of the world, especially if any investments in STEEM were made at the higher price points.
Many people have the tendency to slow down or stop their activity on Steemit all together when the prices go down. I've seen that happening more than once. I suppose it's harder to justify to a spouse or even yourself when the work isn't penciling out very high in whatever fiat currency you normally transact in. It's hard to look at fractions of SBD and SP and consider it worthwhile.
The problem with that kind of thinking, barring fundamental structural flaws in STEEM or some other catastrophic event, is eventually, the price of STEEM rises. The amounts of STEEM garnered now will be worth more when that happens.
Let's say you get 0.07 SBD and 0.04 SP on a post. Pretty small, right? Right now, the SBD portion would be worth 0.07 x $1.36 or $0.095 USD, and SP powered down into STEEM would be $0.07 USD (0.04 x $1.75), for a combined total of $0.165.
Fine. Not a whole lot. And it could get worse. The price of STEEM could continue down and SBD could get stuck, like it was originally intended, at $1 USD. But let's say the price of STEEM rises, like it's expected to, to $2.50. The value of your 0.04 STEEM is no longer $.07 USD, but $0.10 USD! I know big whoop. Three whole cents.
Yes, but if STEEM gets to $5 USD, that $0.10 is now $0.20, and at $10 USD it's $0.40 and at $20 USD it's $0.80, and so on. Does anyone think the price of STEEM can't reach $20 in the next couple of years? I think it can, especially if any of the upgrades we keep hearing about come to be and actually perform to expectations. $20 USD STEEM could be a gross understatement.
Obviously, all of this is speculation on my part. STEEM could drop to under a $1. If it does, what a golden opportunity to buy, especially for those like me who just barely signed on as the prices took off. We could all get a lot more STEEM. Why would we do that? With the hope that STEEM goes back up, that the downward pressure on STEEM eventually hits a greater wall of upward pressure, and prices rise again.
This isn't like a 9 to 5 job where you go, put in your time, and get paid for it. It's better than that. You can put whatever time, talents, and work ethic you have, and probably earn the pennies of today that we hope to see grow into the dimes and dollars of tomorrow. I guarantee if that happens, $0.01 of STEEM becomes worth $1 USD, we're all going to be kicking ourselves that we didn't do more. If older slower, blockchains can hit $500 or more USD, a new, faster, and battle tested blockchain like STEEM can surely do better.
When it does, we can all celebrate. Until then, business as usual, and full speed ahead.