Steem Prices Are Low Again, Before You Pack Your Bags To GO , First Read This Post,

in steem •  7 years ago  (edited)

I have come across a number of Steemit users raising concerns over the falling Steem price, and have decided to address these concerns
First, let me tell you about my biggest mistake on Steemit so far then I can watch you pack your bags and leave.
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By the way this is a very selfish post. The most selfish post I've Ever written on steemit for the time have been here.

Do I care? Maybe not.

Now According to the #coinmarketcap.com the price of steem is currently trading at 1.80 USD with a market cap of $475,4176.... This is disappointing because most people here expect a bullish steem by now, so to make the story shot let me drop this here and see how it looks like right now compared to the last 3 months.

What does this really mean for steemit?

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The price of Steem can't seem to stop dropping. It seems as though gravity has got "Drop it like it's hot" on repeat. It looks to have a firm grip on this one.

Like all the people we attracted to Steemit just a few days back are now beginning to disperse, faster than they came. The show is no longer interesting and there's no more incentives for the bystanders to linger on any longer.

The chaff is being separated from the wheat.

Why Prices go low sometime?

One thing we will all certainly agree on is that, by whatever measure you use, prices have fallen. I believe there are a number of contributing factors to this market move…I'll give my views on this, you can help me give yours too

1- Too Much Good Content is Buried with Low quality posts .
*I have noticed this problem since my first days here. I have even written about it.

Steem is supposed to be mined by producing good content. Unfortunately, the current system ignores most of the good content.
When good content gets ignored, the author gets disappointed, and most probably leave steemit, some event want to commit suicide ( i read a post about a guy who wants to commit suicide because of low quality posts burring his posts)
Steemit in purest form is supposed to eliminate those that cannot create competitive content and let the cream rise to the top

2 Buying Steem is Difficult

A special problem is that buying Steem and SBD is not easy. Steem is supposed to be a social network for everyone, and everyone can not buy Steem through cryptocurrency exchanges. We need a very easy way to buy steem directly from the SteemIt.com
How do you expect the price of Steem to go up when buying it is so difficult and intimidating for most people*

One of a Newbie i signed up one a week ago met me and asked me a question which i will answer later in this post,
Why my few cents i earned on my introduction post keeps dropping? Then i was like you know what? the price of steem is kinda low.

This was his reply:
Jordan you see It doesn't make any sense to spend endless hours on a post only to watch it make a silly $1 after 7 whole days. What's the point of investing all that energy? I'd be better off doing something else,

Haha You can pack your bags and go.

Wait... before you go, let me you tell something very important,

One of the first things to do when you move to a new environment is to try to understand what goes on and how things work.
These rules of steem prices dropping down might not be flashed in your face but they exist and the saying "ignorance is not an excuse" will forever be golden.
It's even in law! So feigning ignorance can never vindicate whoever. So far these laws exist, everyone is bound to go in search of them and find them out. If they didn't exist at all, that would have been a different case.

I'm done, you can pack your bags and go

My advice to new users

Now if you're a newbie you need to learn how to play the rules, you get?
Because we need Steemit to grow and there is no way we can properly grow without new Steemians knowing how to follow "rules" generally accepted by the community as a whole thing.

When will the price of Steem grow?

No one truly supporting Steem and Steemit long term should be worrying about prices right now. The opportunity we have here is unprecedented, everyone can get money without having to put any in. Any value of Steem will be more than any other place where you can post your content and let's be realistic about it a bit:

I have some good news for you

Why Is A Low Priced Steem Not a Ugly Thing ?

I found this out the hard way but let me tell you , Now when the price of Steem is low, you tend to earn more Steem from your payouts. you get? no you don't

There's a very simple math that can be done to prove my words .

So let me say when Steem is maybe at $2, and your liquid payout from your post is $10, you get $10 worth of Steem which is 5 Steem.

Now when Steem is $0.50, that same $10 liquid payout will give you 20 Steem.

But just in case the value of payout drops, you only need $2.50 to match the same number of Steem $10 would have given you.

Now listen don't be fooled by the price tag on the surface!

It's the Steem you accumulate during these low periods that will boost your earnings when the prices go up.

Imagine how much faster your Steem Power will grow when you're getting 20 Steem for $10 as compared to getting just 5 Steem. That's 4x faster, yeah?

Jordan you're right.. so what should i do then?

Well Do not get worried because of the low steem price rather see it as an opportunity to grow your investment in steem power and most importantly, grow the steemit community. In-fact now is the right time to work even harder and market steemit to your friend, family members and social media contact in order for them to join , buy steem cheap (power it up) and start blogging. This will lead to a positive

I am, however, sure that steem low price will not hold in the long run because investors will certainly notice that the steem ecosystem is undervalued. Thus, steem current low price is not an ugly or a bad thing , rather a good opportunity for us to grow our steem power and be more relevant in the future of Steemit

Now I'm assuming that if you made it this far, you're probably really on Steemit to share your amazing stuff and interact with the community.

Don't let the low price of Steem stop you from putting out the quality content you've always been putting out.

The best time to write on Steemit is now!

Do it for the love of the craft and art.

Haha Let the weak hands sell their Steem, a couple of weeks of low prices won't kill this project. I still see 'right now' as a great opportunity to build a stake up in the next social media giant

Only the strong hands will remain

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Thank you for reading

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Thank you for sharing this @jordanlove. Most people are just here for the money without taking time to study the platform and understand the basics. If only they can be patient, they will understand the enormous power they have on the platform. I am resteeming this on my blog so that more people can read this and be motivated to chose whether to stay or to leave the platform.

I definetely agree with you., some people come here to make quick bucks and get disappointed when they see low payouts. It's funny but some people actually believe they DESERVE to get paid on here. Like who else pays you to be you? thanks for your thoughtful comment

The biggest problem for newcomers is maybe that if they write a good introduction post, this post will immediately gets some value. From then on they think that each post they will write, will get the same pay out.
We all started in the dark days when it was hard to get noticed. And for me it still is. But I'm here to stay. I do like to interact with people, reading about lots of topics I never thought about and seeing some interesting viewpoints, completely different from mine.
Probably the money part, was the motivator that made me make the plunge! But I do see it mere as a nice side effect!

@Fullcoverbetting at first it's hard to get noticed,
We're maybe on the same page when u say this,

And for me it still is. But I'm here to stay. I do like to interact with people, reading about lots of topics I never thought .

Thats what i'm hoping for.

Thanks for this. I think you're right in saying, that this is the time to blog. I joined steemit 2 weeks ago with intention of blogging in hopes to find like-minded people and communities of my interest. Juts because the price of steam has dropped, will not change my initial intention. But I'm sure that isn't everyones intention.

There is some amazing content within this platform that I've come across that has no votes. I think if there's an issue to worry about, its that.

I'm still learning so much each day, and having fun with it so far. I haven't decided to pack my bags yet... ;)

There is some amazing content within this platform that I've come across that has no votes. I think if there's an issue to worry about, its that.
@tressareid i guess you're right.

low quality posts burry the quality one
like The other day I found a few accounts that were consistently hitting the 'Hot' section with low effort, 1 picture posts without even a single line of text in them. These accounts made around 40 dollars per post.

It just baffles me that they were still getting support from their followers, because I just can't understand that anyone would want to support something as low quality as that. they should work on it

Yeah, it's really too bad. When there's money involved, people always find someway to manipulate some how. Hopefully, overtime, people will realize it isn't getting them or the platform very far, by voting for low quality content, we can only hope I guess. :)

drastically low prices

@guslim so you want to pack your bags and go?

I had to read this one. Thanks for the encouragement. We need it

@easydimes yeah we need to stay strong, thanks for passing by

As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!

Thank you...

  ·  7 years ago (edited)

Thanks for the encouragement bro. Despite of the low prices and their persistent decrease. I personally have made up my mind to just continue steeming. After all there are other benefits of steemit suchas social improvement that is through making various great friends. Steemit is also helping me to boost my creativeness and also improving my writing skills.. And so on. So why should i leave such an amazing platform? Far be it from me.

Thanks for sharing.

Thanks brother, It has boosted mine too, i love it to death

Totally agree with you! Thanks for this motivational speech. Will keep working for common wealth of strong and patient steemians!

It's about 6 months since you made this post! Today (9/11) Steem is worth $0.75. less than HALF of what it was 6 months ago. Have your thoughts changed, at all? Thanks!