Every person who buys into STEEM, should know that their investment loses roughly 8% every year ( which is reduced by 0.5% per year),
Could anyone please tell me about this ?
I'm new on this platform .
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there is 8% yearly inflation of new STEEM being printed to reward users. So if you have STEEM now it will lose around 8% of its value each year if the market cap stays the same.
It means if I have 1000 steem then after a year there is 920 only
No, you still have 1000 STEEM but because STEEM supply increases by 8% each year the value of each STEEM will be reduced if the market cap stays the same. For example if market cap is $100M and STEEM price is $1 currently and if next year the market cap is still $100M you will still have 1000 STEEM but the price for each would be $0.92.
Ok thank you so much for this valuable information
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You just planted 0.02 tree(s)!
Thanks to @fuadsm
We have planted already
6833.12 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 32227.31
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku