Hello all,
Here is the chart of yesterday :
Here is the current chart :
Be carefull, the support line looks very weak. Technically, we already broke it but I a traced for you a second little support line just under 10k$ that we tested several times the last week. So yeah, the confirmation of the Break will be done by an acceleration of the drop so till now this little break is not yet confirmed by the market.
I wish you massive profits,
Cryptopassion.io
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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I'm loosing hope in steem.
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Courage Courage my friend
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This shouldn't be much of a surprise as STEEM is an inflationary token.
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most of the coins are inflationary, even BTC, how do you think miners are paid? By BTC created for that. Look Binance Coin, it is also highly inflationary. Here the only difference is the rate of inflation and the number of investors.
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Uhh. Max supply is 21 million for BTC... That's not inflationary. You can even google it. I know that refers to the supply but that is a factor in inflation as the purchasing power has increased. Also, miners are paid from the newly minted coins into supply and the mining reward decreases by half every 4 years.
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The inflationnary rate of STEEM is decreasing also
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year current supply inflation New supply
1 250,000,000.00 0.095 23,750,000.00
2 273,750,000.00 0.090 24,637,500.00
3 298,387,500.00 0.085 25,362,937.50
4 323,750,437.50 0.080 25,900,035.00
5 349,650,472.50 0.075 26,223,785.44
6 375,874,257.94 0.070 26,311,198.06
7 402,185,455.99 0.065 26,142,054.64
8 428,327,510.63 0.060 25,699,650.64
9 454,027,161.27 0.055 24,971,493.87
10 478,998,655.14 0.050 23,949,932.76
11 502,948,587.90 0.045 22,632,686.46
12 525,581,274.35 0.040 21,023,250.97
13 546,604,525.33 0.035 19,131,158.39
14 565,735,683.71 0.030 16,972,070.51
15 582,707,754.22 0.025 14,567,693.86
16 597,275,448.08 0.020 11,945,508.96
17 609,220,957.04 0.015 9,138,314.36
18 618,359,271.40 0.010 6,183,592.71
19 624,542,864.11 0.010 6,245,428.64
20 630,788,292.75 0.010 6,307,882.93
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