RE: What is happening with the Steemit Post rewards? - Can Anyone Do Something?!

You are viewing a single comment's thread from:

What is happening with the Steemit Post rewards? - Can Anyone Do Something?!

in steemit •  8 years ago 

Pretty simple, head to to the market on steem. At one stage steem was almost at $5, at current it is $0.27US. It is paying the same amount, but the price in $US has gone down significantly.

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:  

So is it possible that steemit is coming to an end! The Horror! Will we bounce back from this!?

Image credit memegenerator.net

Actually it looks like the Steem price may have finally found a bottom. It's been trading in the 30K - 40K Satoshis range for a week now. Let's see if next week brings more stability at this price.

If it holds at this price then we may see more people buying Steem. There are a lot of potential buyers that are holding off while the price is in a constant decline. They are just waiting for Steem to find some bottom support.

That sounds simple and very logical. - So it basically mean that the price of steem have to increase. How come it dropped this much and so fast? And is there something one can do about this, as a non-millionaire?

You can share steemit, increase awareness and get more people onto the platform.