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RE: My new target is 1 cent steem, a steemit investors dream
You may very well be right. Steem could go to $0.01 and be hang out down by Quark on CoinMarketCap. :-( And if it goes to $0.01 it can go to $0.0001.
It's going to take a lot to turn this sumbich around at this point.
the lower the price goes the more authors will quit because the rewards are not worth the effort, then only those who are on steemit for the community, investors, and developers will remain, that's when the distribution of steem power will be most effective, then eventually when things recover, steemit will have a better platform with better distribution. When the steem power is more distributed, users who post short simple blog posts will get rewarded more frequently, with lower dollar amounts per blog post, there will be a better ratio of social network rewards to blogging rewards. More steemians will be able to earn rewards like @halo
It seems plausible but unfortunately as more authors quit a lot will never return. A person has to almost be in crypto or be connected to someone who is in crypto at this point to really know about and be on this platform. Everyone I brought to it quit already. One of the issues I see is that if the price gets down to $0.01 and someone buys $10,000 worth and powers it up. Their vote still isn't worth much and they can't really earn that much curation rewards and it still depends on a lot of price recovery. I haven't brought in outside money into the platform but I spent a hell of a lot of time on here under the premise that Steemit could be really big. It still has unbelievable potential but I fear for its future.
$10,000 worth at 1 cent is worth it when the price goes from 1 cent to 50 cents, there are a limited amount of investors when compared to the unlimited amount of authors in the world, so it's no big deal if authors quit and never come back, but it is a big deal to get a good investor into steemit