RE: Wonder why the price of the Steem is going down?
IMHO:
Steemit is a social media site that has massive benefits for those posting compared to sites like facebook and twitter, one of the main benefits is being able to reward content you like. Okay so the price has fallen a lot, but shit its still better than fb etc.. Even if steem was down to 10cents a dollar, thats still something on your posts. As for people leaving the site and engagement being down. Its tough but who cares, the internet will be around for a while, once you post it doesn't vanish so maybe it takes a year before your content reaches an audience.
Don't worry about payouts. If you want money get a job, if you have an investment in steem use smartsteem or something to earn a passive income. Steemit is about content and blockchain technology, that means whatever you post is recorded forever. If your interesting and your posting content then that stuff is there to stay, one day you may have a following who are interested enough to go through your back catalogue.
Steemit has a future, just look a little deeper, Maybe cryptocurrencies in general are going back underground where they started, so be it. It doesn't mean steemit is dead. It's just back in it's hometown.
"Steemit is a social media site that has massive benefits for those posting compared to sites like facebook and twitter, one of the main benefits is being able to reward content you like."
Only if you have enough Steem Power in your account. A lot of people (including me) don't have enough.
My upvote is worth less than a cent ($0.01) nowadays.
"As for people leaving the site and engagement being down. Its tough but who cares, the internet will be around for a while, once you post it doesn't vanish so maybe it takes a year before your content reaches an audience."
I am already on Steemit for more than a year, so maybe it takes years.
If there still be an audience to reach at all.
"Don't worry about payouts. If you want money get a job, if you have an investment in steem use smartsteem or something to earn a passive income."
I didn't said I worry about payouts, but getting a job is not so easy. Especially with multiple disabilities and in my country.
However I am receiving a small pension-like income in real life, and I currently have enough money for everything I like to do in real life, so it's not a problem.
But I am still earning a passive income nowadays by delegating most of my Steem Power since 2018.09.09, 07:19 CEST.
"Steemit has a future, just look a little deeper, Maybe cryptocurrencies in general are going back underground where they started, so be it. It doesn't mean steemit is dead. It's just back in it's hometown."
We will see it (or won't), but if that will happen, the number of the active users will probably be very small.
Thanks for your in depth reply, some of my answer wasn't directed exactly at your post but more towards my imaginary assumptions of what makes people leave a site like steemit and what some of the issues I have came across are.