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RE: What is happening with the Steemit Post rewards? - Can Anyone Do Something?!

in #steemit8 years ago

Pretty simple, head to to the market on steem. At one stage steem was almost at $5, at current it is $0.27US. It is paying the same amount, but the price in $US has gone down significantly.

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So is it possible that steemit is coming to an end! The Horror! Will we bounce back from this!?

Image credit memegenerator.net

Actually it looks like the Steem price may have finally found a bottom. It's been trading in the 30K - 40K Satoshis range for a week now. Let's see if next week brings more stability at this price.

If it holds at this price then we may see more people buying Steem. There are a lot of potential buyers that are holding off while the price is in a constant decline. They are just waiting for Steem to find some bottom support.

That sounds simple and very logical. - So it basically mean that the price of steem have to increase. How come it dropped this much and so fast? And is there something one can do about this, as a non-millionaire?

You can share steemit, increase awareness and get more people onto the platform.