It's bleedingly obvious that many people have quit or are dialing down their activities on Steem because the price is tanking. It's $0.537 right now. I'm not going to, however, because the same amount of STEEM gets minted every week regardless of the price. I consider posting on Steem to be a pastime the same way I used to consider interacting with people on Facebook or on various discussion forums on the Internet to be a pastime before I was introduced to Steem. My activities on traditional social media have been nearly non-existent since I became active on Steem. There really isn't even an opportunity cost involved.
The crucial difference between Steem and any other online content publishing platform is that Steem pays cryptocurrency for participating. The price of STEEM went all the way down to $0.07 in March 2017 and the platform survived. And I think we would continue to have enough witnesses to keep the chain going even if the price went even lower than that. I believe the only way to be up from the level of a few cents. Even with all the speculation gone at some very low price point, even the low weekly user numbers might bring enough advertising revenue to support the price. This is why it is important that everyone in on this for the long haul keep posting regardless of the price. The development of the ecosystem has been galvanized in the last few months and there has been much progress. There is more to come next spring. Our continued activity is necessary to keep this project going. To quit now would a shame.
I Am already used to steemit that is why I can't quit and I will continue to post at least once a day no matter the price.
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My view is the similar to yours. At the very least, I will most likely post photos once a day or so when the English Phrasal Verbs series has run its course about four months from now. I want to develop my photography skills to a level where photography can become a source of side income, be it on Steem or somewhere else.
$rewarding 20% 15 min
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That is cool @markkujantunen. I wish you success in it.
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Thanks.
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Smart folks are sticking around, even if STEEM is worth $0.55 today it can be worth $10 one day and that will make sticking around proven to be worth while!
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And to think, it's only a ~20c fall, initiated by events that have nothing to do with STEEM at all.
Like with many markets, when most folks have abandoned hope in an asset that has strong understanding fundamentals it's the best time to get in. I don't know if enough people have lost faith in crypto just yet though, as cruel as that sounds. Previously I thought we were already there, but I guess the BCH shenanigans proved otherwise. We may have to see the place burn down almost completely for "easy money" folks to leave and the bear trend to reverse properly.
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Love this post. I’m the same Markkujantunen . I gave up Facebook and prefer this . If the price was 1 cent I would still post. I think it relaxes me ! 😂😂. If I get a curie it’s a bonus . Grow grow grow
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I get a bit discouraged with the price drops but only because I don't have more fiat to buy. I do keep posting everyday because I feel like I will earn more and more steem and that will be great in the long run. However, if it goes lower than 50 cents I'm going to really have to consider buying in more and sacrificing my lifestyle to make up for it. It's too good of an opportunity to miss out on right now.
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Very nice article. I do agree with your thinking! This platform has a lot of promises fir the future! Just have to go through the difficult phase at the moment!
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OH! I LOVE LOVE LOOOOOOOVE this!I Was Very Excited To See Your Post Great work ( awesome )
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Hi @markkujantunen!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.636 which ranks you at #5607 across all Steem accounts.
Your rank has improved 3 places in the last three days (old rank 5610).
In our last Algorithmic Curation Round, consisting of 215 contributions, your post is ranked at #114.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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