RE: Don't be afraid of low Steem Prices . Look at the Chart! Upgrade Steempower makes sense when Steemprice is dropping.

You are viewing a single comment's thread from:

Don't be afraid of low Steem Prices . Look at the Chart! Upgrade Steempower makes sense when Steemprice is dropping.

in steem •  8 years ago 

Isn't it more important to watch the total market cap rather than the price of STEEM itself? The amount of steem will inflate 100% per year but 90% of it goes to holders of SP. This means the price of STEEM tokens will constantly be tanking, but your total holdings will only be diluted 10% per year as long as you have all your funds in SP. However what matters is that the total market cap of STEEM grows by at least 10% a year to break even if you are investing.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

this would be matter if you Hold Steem.
i was talking about buying steem to power up.