Supply and demand is the real game, isn't it?
I'm on the exchanges trying to convert my SBD into STEEM in order to power up and recover from the power down I needed to get me over a financial hump. I'm also seeing a lot of new people who have the potential to bring more value to the site. Hopefully it offsets the equal amount of junk I'm seeing too. Thanks for the reminder about SteemWhales. I've only used it to track my own progress. Now I know it's got a lot more to offer. :)
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"Now I know it's got a lot more to offer." Three things I love about STEEM/STEEMIT is TRANSPARENCY, TRANSPARENCY, TRANSPARENCY..!! Steemwhales.com is simply FANTASTIC because it allows you to see the "bigger accounts" in EXACTLY the same way as the tiny ones. I am always digging deep into second guessing what the bigger accounts are doing and what I wanted to share in this Blog is that their accumulation appears to be rolling over as DEMAND begins to outstrip their SUPPLY..!! Stephen
@stephenkendal - there is so much to learn about the back end and I will be the first to admit I do not have a head for numbers and charts. I never did and a lot of your posts go over my head but I am trying! LOL
Maybe you can help shed light on some of my observations... With the influx of new people obviously the demand is going to be higher. But if we have a finite amount of STEEM created each day, this certainly increases it's perceived worth but doesn't it also push our rewards down in value because it's more widespread?
And I guess my biggest question is with SBD trading close to $1 again where its peg is intended to be, should we continue with 50/50 payouts or is it time to switch back to 100% power up? I don't well enough understand how that trend works. I do trust your thoughts on this and want the most "bang for my buck". :)
The best way to explain is (and forgive me for looking in your wallet) you have 9,761 STEEM (though in power). Now let's say if someone offered you $9,761 for your account would you sell? If not. $19,761? If not. $29,761? If not. $39,761. ...... that is the best way to explain it after stripping out all the nuts and bolts. Hope this helps. Stephen