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RE: Retroactive SPS Proposal - Steem Power APR Revealed!
In the above scenario of 28.75% return an inflation of 8.6% still leaves you with 20% nett which is great.
Remember that Steem is deflationary, the inflation drops by 0.5% each year.
Also STEEM is a limited circulation coin, a good deal of that inflation is locked up in STEEM POWER, as such has a virtual deflationary effect.
Agreed Steemit selling is an issue, I’m trying to appeal to them to institute dynamic selling, ie sell less in low demand low price cycles and make up the difference in upswing cycles and provide monthly reports in a steem post.
Yeah Dynamic selling would have made a lot more sense for Steemit Inc. Having them crush the price when prices are low and people are scared to buy certainly amplifies the financial devastation.
I just think people weigh out their investment options and Steem ends up falling lower in the stack. While the 20% net seems OK in general terms STEEM sliding from #3 on CoinMarketCap to #80+ was a real thing and putting it in competition with other projects it hasn't performed well price wise and retained its status up higher on the list.
Just because STEEM is at $0.15 doesn't mean it can't fall to $0.05 or $0.02. And that goes with any of these cryptos or stocks.
I think another issue is that a lot of people view STEEM as a way to earn more Bitcoin or more EOS or more Ethereum......etc
I don't hold Litecoin, Monero, or EOS to gain more Bitcoin. I hold them to have those coins.
I just think it is a comparison thing for a lot of investors and people aren't viewing STEEM as a great option for them in competition with putting their money in these other cryptos.
At some point the temptation to become powerful here will overcome certain investors whether that is at $0.10 or $0.05 or wherever. At $0.05 I would get pretty aggressive personally. A lot of people don't think the price could get there but I think there are a couple of reasons it could but only time will tell.
This crypto winter isn't over and we are all fighting for survival. The finish line could be more than two years away!!!
It has been at $0.06 before but bounced up to the ATH of $8. Anything is possible, I agree, there is no sure way of knowing where the price will go. I do have confidence based on the current performance of Steemit inc and the Steem community that Steem is a long term stable bet.
Yeah the Liquidity is good and on multiple exchanges. Some of these projects are dying..... getting delisted from exchanges and then have no trade volume. The situation is hard to come out of because then people just turn away from it and they have a hard time getting listed again because it costs so much to get on these exchanges.....etc.
There is still a lot of activity here and it becomes more about timing and being able to level up enough to have relatively high influence here.
People will go for it because even if we hit an equilibrium point in the long tail deep pockets will show up to multiply their crypto instead of being stuck in a long tail of another crypto that isn't earning anything.