While most hardcore cryptocurrency proponents are turning a frown upside down by buying into the weakness, I can't help but notice an undeniably negative consequence should the STEEM altcoin in particular not jump out of its doldrums.
With our portfolio value gutted by roughly half from just a few weeks ago, newcomers are going to find it extremely difficult to stay motivated. Thus, we'll have more members, but a very small allocation will be daily or monthly users.
Most will just try out the Steemit network, and leave. Let's face it: who's going to put hours of effort into something that will just generate pennies?
Unless, of course, you start botting...which brings me back full circle to my last topic! :)
Very true, even existing users are losing their motivation, not to talk of new users. Lets hope there's a change soon.
Don't hope... Be the change...
Even bots would make them lose at such a poor value. the votes are less for the same amount.
I don't use bots though, even though i'm sure it has its advantages, but it's being widely abused on the trending page.
I'd advise people to stick at it though, the little could compound to be much later.
Good morning here, How are you?
Ur just too HI on urself... I been following you over 3 month's and I couldn't find the chance to give my 0.001 Upvote... Ur too full of urself, and you write empty posts, no wonder is so easy for you, to post 4-5 times in less then an hour, but all empty of value... While you explained to others how to do it, ur are doing the opposite... That's fine.. I'll follow just so I can compare... No HI expectations...
The fact that the rewards are so extremely small and they are only getting smaller has been a huge problem. The more people that join the less likely you are to get your content noticed it seems. Even promoting your posts with upvote bots can be bad since the amount you spend pails in comparison to the amount you get back in times of market decline. For example if I spent 10SBD a week ago when SBD was $3 then the price slides to $1.80 then I only net only around $20 after a week of waiting. Not worth it to anyone who actually does the math- but worth it to the HODLers who don't plan on selling anyways.
It is an endless circle. Too little reward for content creators while bots can boost content effortlessly.