The price is always right... why does anyone need to do anything about it? Who would have thought that marketing to anarchist would be so valueless? Me. That's why I have not bought any YET... There is obviously value in this technology. Is Steemit the perfection of it? Are the economic levers set optimally? Perhaps they are, but time will tell. Besides, nobody complains about stability when the price is going up. Stability should not be the goal. I'm not sure what the goal is, but perhaps mass adoption, which compared to my favorite crypto experiment Steemit is already doing exceedingly well at. Congrats steemit, you are still a winner in my book.
RE: Scientific STEEM Forecast - BAD NEWS!
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Scientific STEEM Forecast - BAD NEWS!
The constant bearish trend is pretty worrysome. We don't want the STEEM price going down because then our SBD and SP will be worthless.
We need to make the STEEM price go up, and that is only done if the community has trust in it, and people buy STEEM.
And of course that will probably happen with more adoption, and restricting the inflation of SP and other things.
I don't think the levers are set optimally, the inflation is pretty high, decreasing that would give more stability to STEEM.
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Actually, we do want for the next several months for the price to go as low as possible and stablilizing there. With the current distribution of steem power things are very skewed, so only a few whales and orcas usually decide if the post pays in anything above $1. As soon as the power is more decentralised growth should result with more users seeing their efforts rewarded. This post among many others explains why this is so, and why the whales are powering down, thus forcing the price of the token down.
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I disagree.
We might want more equality between SP in the hands of Whales and Minnows, but that should not mean Steem going down.
If the Whales sell all their STEEM, that is bad, it siphons money out of the system. They should instead just use Steem Dollar, for shopping or other things.
We have a marketplace for example: https://steemmarket.sharetribe.com/
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It is not for buying things for money, and about 25-50 accounts have 90% of all the steem power. Besides they can't sell ALL of their Steem, since it is locked in the SP, only 1% per week. The problem with that is alarmism, and well disillusionment with the system as it is.
And yeah, it is good to buy Steem, especially if it goes any lower, and use SBD for payments. For best results there might be some need for SP transferrals. Hmm, perhaps I should suggest it in the bounty discussion.
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Also the ARIMA(0,1,0) model implies a random walk with drift, which suggests a very efficient pricing mechanism, with probably no price manipulation going on. So the market price pretty much reflects the value of STEEM.
So the values of STEEM is declining, I think we need to decrease the new supply by decreasing the inflation a lot and boost the demand with many new users to fix the bearish trend.
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