Yep, why would lower interest rates make anyone more likely to hold?! If anything, as interest rates drop so does my desire to hold steem
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Yep, why would lower interest rates make anyone more likely to hold?! If anything, as interest rates drop so does my desire to hold steem
Because there will be less SP being generated as the interest rate falls. This reduces dilution which is generally viewed as a good thing.
High interest rate, high dilution
Low interest rate, low dilution
These forces are a yin and yang on each other. Both cases are an incentive to hold if you believe in the social media platform. If you don't believe in the platform, it would be wise to cash out. STEEM is nothing without it.