RE: Steemit Users Are Junkies! They're Destroying Steemit
STEEM has decreased by a factor of 51
For investors (which keep stake in SteemPower) more accurate is market cap than STEEM price. I do not remember what was ATH market cap for STEEM, but assuming it was 450 mln, then this is "only": 26.47 times (plus inflation), so ~29 times.
So... 51 vs 29 - this is a difference ;)
But this is not important for me, because price is not a KPI for me, but users:
If you will look on those metrics, then you will notice, that despite price falling, majority of traffic and engagement is still here.
just so that they can make thousands of SBD again?
for majority of users... those times will never return again. Previously disproportion of Steem Price active authors was so big... that I think it will be difficult to do it again like that in the future.
Personally I would be very surprised if Steem network would die completely. Of course you should keep in STEEM only those money which you can afford to lose. In my opinion, there are still good times ahead of us - but as always - I am not objective one or even a smart one - I am powering up on weekly basis.
I see what you mean, yeah. I welcome all evidence for a bright future of Steemit. But STEEM is still $0,072, and that is the reality.
Correct.
In my opinion, there was a strong reason why last 13 weeks we saw only price falling - can you guess that reason? :)
Also... so many movements in other crypto probably wasn't helpful - there was a lot of other coin which was better for traders last 2-3 weeks.
Hardfork 17 is almost ready, and I believe, that we will see some changes, especially in number of comments, what should (IMO) actually improve user engagement.
Still... I would not be surprised to see price of STEEM around 0.05, but I am pretty sure it will recover.
I think i can: weak ass whale hands wh9 are just looking for a quick profit and likely werent helping steem anyway ;)
0.2