🍲 Yama-chan Vlog 003: Bear Market? Why you should post more on Steemit? @DLive 🍲

What's up guys. Good day to everyone. The cryptocurrency marketcap is down a lot compared to last couple of months. Way back in December, when the market reach its all time high that was $800 billion compared right now that is worth only more than $200 billion.

If you are also on Steemit, you will also notice the rank of Steemit website on Alexa ranking. Steemit ranked was in top 900 back then but subside to rank 1789 as of today.

For that reason, I believe this our best chance to produce more valuable content because people feel frustrated and fearful towards the market.

If you can't play the video, you watch it from here.

Chbartist made a post about current situation of the makret and I decided to put my comment out there about what is inside of my mind. I want to read my comment to his post.

I told him that;

This is the best opportunity for someone that still didn't have a bag full of Steem. Start posting and also earn Steem today. When people get frustrated they are keeping away from here and I can say the reward pool is much larger allocation for someone who is here. The piece of the cake are getting larger cause people are turning it down because of frustration. Treat this as golden opportunity and start earning or buying more.

I truly believe in what I commented on his blog because whenever people Zig... You Zag, just what I heard from a veteran investor like Mmcrypto. Do not conform to everyone else and make a decision to yourself.

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For everyone who are new here I would suggest you should check out the Steem bluepaper explanation about the reward pool.

Steemit Bluepaper

To understand fully the rewards pool I want to read bluepaper the part where it explains.

The rate that new tokens are generated was set to 9.5% per year starting in December 2016,and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years.

Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens compose the “rewards pool” which are distributed to content creators and content curators.15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block producers cooperating inside Steem’s DPoS consensus protocol.

To easily explain this imagine a pool and the water. Consider the pool as the Steemit and water as a reward. Wherever people are coming to the pool it gets populated and you are getting less of space and water. Comparing that if a fewer people in the pool, you get more space and more relaxing environment.

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You are getting more Steem token if it gets less populated. According to the data showed in the post of @penguinpablo. The daily number of post today is much less comparing back to January.

For that reason, I believe you need to treat this as a golden opportunity and start utilizing a different application on Steem like @DLIVe and @DTUBe.

With all of that being said guys. I want to suggest to stop speculating and stay in the blockchain that has real use cases than just market speculation. Thank you and see you guys around.

Also, I really do love Ramen!

Please upvote, resteem and follow me. Thank you.

My video is at DLive