Greetings dear readers, in this publication I wanted to bring you a topic that escapes my conventional publishing style, but which in turn has great relevance within what we do or share as authors or curators of content through this great network called Steemit.
Many people have asked me about the meaning of depreciation in the platform, a term referring to the problem that is consistently related to the value of the various posts that circulate and are monetizable until the seven days of regulation for its management. But, really, what is understood by content depreciation? and how can this affect my work? To explain this dilemma, we must first analyze the platform and detail each element involved.
What is depreciation?
It is understood as the decrease of an amount established by an internal, external or other factor. It is a term used in finance and economy when prices fall by the conditions and climates of the market, there are also many types of depreciations, but today we are going to comment on those that affect us in our Steemit post.
Internal and external agents
Recall that this network handles large amounts of money that fluctuate daily, either in volumes of purchase, sale or different transactions that directly or indirectly are intertwined with the value or price of the SBD and Steem against the market. First of all we have to understand that there are two open markets of supply and demand, pages like Bittrex, Local Bitcoin and many others that are active in the world for the movement of cryptocurrencies, together with these platforms, we also have a market within the network of Steemit, a market that not everyone knows, but that also influences the rise or fall trend, and clearly we can not fail to mention the most important factor, the value of BTC (Bitcoin) in the market, which we know that the price of the SBD is anchored and subject to this cryptocurrency.
Internal market
domestic market.png
This is an example of the internal market that we enjoy within the platform, better known as the Steemit Market, where SBD is bought and sold by Steem, Steem by SBD or even Steem Power by SBD / Steem, varying supply and demand in different operations.
we can see the external market or outside the platform, which implies much more in the value or purchasing power of the cryptocurrencies, due to the frequency and the use of these pages as a trading resource, the number of users is therefore higher and also the number of operations carried out.
When we refer to a devaluation factor in the market of the SBD or the Steem it is the loss of purchasing power or market value of our cryptocurrencies, in turn, this directly affects our publications and what they generate in the foreseen time, the market trend is significantly related to each resource we use in Steemit. Each time the value of the Steem Dollar decreases for some reason or indifferent factor, our publication faces a depreciation that will be equal to the one facing the trading environment.
Is Steemit an enemy of the market?
The cryptocurrency market is very large and has a specific list of enemies, but, Steemit or the healers within Steemit, we are not part of it. While we can assert that any user who manages or arranges an account within this network is a benefactor of cryptocurrencies or an adept to them, then the myth of Steemit's enmity with the Market should disappear, when there is a loss as what we are currently facing in the platform is derived by currency trading that quoted the price value, not by the multi-user capacity.
Who are the enemies of cryptocurrencies?
Those responsible for the downward trend in cryptocurrencies are all, when the volume of sales greatly exceeds the purchase we become obstacles to the emergence of cryptocurrencies, clear that our investment is minimal and therefore does not affect the market in large proportion . A true enemy of cryptocurrencies are the governments of certain countries that have blocked or subtracted the credibility of the crypto from the international environment, the multinational corporate banks or the competition. We can not force people to accept these free trade currencies as it would be to pass over free will, but as has been determined, this market of cryptocurrencies will grow and grow during all these years that are approaching, so deny or bargain the passage of this economy will not be beneficial and they will have to accept at the end of the account.
What can we do to solve this problem?
Unfortunately there is no early solution to these conditions of purchase and sale, you can only advise early on thatthese conditions of purchase and sale, you can only advise early that cryptocurrencies have broken almost all the barriers of the economy in previous times and that currently continue to do so, active people, shareholders or benefactors can not do a lot to avoid the mass exodus of sale and control the purchase, but we will be attentive then to what it will bring