RE: The Price of Steem is Crashing. These memes will surely help.

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The Price of Steem is Crashing. These memes will surely help.

in steem •  8 years ago 

This may be a little harsh, but here's what will happen to your $5 investment. It will become $2.50, and then it will become less. The price is going to continue crashing because supply far outstrips demand. The demand won't return as long as this place is a ponzi scheme or until some big monied person is happy to have it be a ponzi scheme that they get to benefit from. There are better investments in the world than a downward trending digital only fiat currency.

As one newbie here has mentioned there is value to blogging from a personal experience point of view. I agree. That's why I'm still here despite this being a flawed economic system. When the price reaches $0.01 or less I may actually consider investing for the long run, but it's hard for me to think that I should put in $1 now knowing it's likely to be $0.50 tomorrow. I'm basically just handing a whale/oligarch my $0.50 and not really getting any value for the foreseeable future.

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hahaha

Best scene in the movie, by far, IMO. So damn funny!