you just hit the nail on the head beautifully. Am new in crypto world but you just gave me some sense of hope and believe all will be ok. Am very glad to be following you in steem to partake from your wealth of knowledge...
i have one question...
I powerd up most of my steem...few weeks back it was double the amount of US$ but now my Steem power value is depreciating fast...Is it because of the same August first fears? Should I have any cause
to fear?
Thanks in anticipation fo your response...
Yes it's because the bitcoin price is falling and every altcoin including Steem is falling too.
And there is 100% hope things will come back to normal...which includes value of daily blog posts like yours hitting over $1k plus daily and steem power to?
I joined few weeks back and the value i saw on posts whch inspired many to post is no more as such, many bloggers are withdrawing...so will all these revert back?
thanks for your answers
The value for blog posts fluctuate over time as they are based on a number of factors - they will probably go up but I can't say they will go back to previous values because there are more factors than the Steem value which affect them.
ok...thanks..am learning because the steem seminar i wanna organise will require question and answer time...what those factors which caused the blog posts value to drop and what are being done to ramp it up to a better level...what level do we foresee and how soon...
thanks once more for your guide