You are viewing a single comment's thread from:
RE: Steem on the moon [Discussion]
There is not a lot of liquid steem and people want liquid steem so prices go up! I think its gonna go above the 1 dollar mark pretty sure actually and maybe even beyond that when we get to poloniex!
I get that the demand is pretty high now but is this really sustainable?
I am not sure I fully understand but once people can turn the next bunch of rewards into steem wont it dip hard?
Maybe I misunderstood what you are trying to say about the rewards but they are being paid constantly/daily after the 4th of July.
[Edit]
Maybe you are talking about the weekly power downs, in this case, maybe.
I am not even sure how it works but you get steem dollars and steem power and it takes time to turn that into STEEM? right
Yes, you can only convert about 1% of your total steempower to steem per week.
My impression is that compared to other cryptos steem is much harder to drop/crash in value and easier to rise.
I read somewhere that 2 years before the steem power can be turned to steem ,but this is just from what i read and do not know the truth to this ,, much love