As the proposed changes to the inflation rate and power down period have had an effect recently on the price of STEEM, so will they have an effect on the price of STEEM after their implementation.
After the inflation rate of STEEM is reduced the price of STEEM will tend to have an upward bias.
Three months after the power down change, there will be a downward bias as STEEM is distributed from whales on the open market.
About six months after the change the price of STEEM should find new legs and a new trend. Based on subscriber growth, new applications for STEEM, and more improvements, the new trend, in my opinion, will be a bullish trend.
The future is yet to be seen and is not always what we expect.
I am continuing to power up because I see merit in the STEEM crypto-currency and the SteemIt platform and community.
I tend to invest in what I believe in, but that does not mean I always profit monetarily. There are riches more important than that which you can count.
Steem on,
Mike
Thank you for the insights. I'm investing because of the Steemit community.