Where Does the Steem Bottom-less Pit End??? by generation.easy

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steemit · @generation.easy · Oct 26 '16

$0.87

Where Does the Steem Bottom-less Pit End???

<html>
<p>Each time I try to call a bottom, it drops 50%. &nbsp;</p>
<p>Now I know Steem was massively overpriced a couple months ago but this is a never ending decline into the abyss</p>
<h3>It is just dump after dump after dump. At this rate we will be in the satoshi area by Thanksgiving.</h3>
<p>http://i63.tinypic.com/smvoyb.jpg</p>
<p>&nbsp;<a href="http://imgur.com/gallery/vUKdcuo">Imgur</a>&nbsp;</p>
<h2>I'm curious tho. Is this the development teams plan?</h2>
<p><strong>Hear me out-</strong></p>
<p>So we all know that the SP distribution is completely out of wack. It's all in the whales hands, the big investors and since inception of steemit, everyone who has been on the site would know the "average" person has little-to-no power.&nbsp;</p>
<p>This makes bringing your friends from other social sites kind of pointless. Even if you have a massive Youtube following or facebook crowd, it really doesn't matter because there votes don't matter. Only the whales matter! In order to get power to the common people, there had to be something done.</p>
<p>A couple months ago, I saw some trending posts with some massive payouts in the multiple thousands call for all the whales to sell as much as they can. This has been happening relentlessly, but these same people who called for it as now scared that the price has dipped too low.&nbsp;</p>
<p>http://i66.tinypic.com/2aafzwk.jpg</p>
<h2>But has it gone too low?</h2>
<p>With the current steem price, any new person joining that starts posting and earning any reward will also be gaining a significant amount of Steem Power. Even though the posting only makes $10 it will obtain $5 worth of Steem Power at (currrently 10-15 cents) apiece. With the curation groups hitting alot of the new users, I would like to believe that it is much easy now to get rewards and noticed than it was 2months, or even 1month ago.</p>
<p>And realistically, 1post shouldn't have recieved multiple thousands in the first place. I got 1,400 on 1post and was estatic but I knew I wouldn't last. When a post recieves $100 I think that is more reasonable. Even with the price as low as it is, there are still decent payouts.</p>
<p>Comon, how many of you really believed $5,000 blog posts were a thing of the future? I hope you found counceling, because thats insane. Especially without any advertising revenue.</p>
<p>With my current belief that Steemit will rebound into atleast the $0.25-$0.50 range, the site could easily flourish. But I also feel that If the price stays low enough for a relavent period of time, there is a much greater re-distribution of Steem Power. So when the price does rebound, there will be a larger % of the voters that provide rewards.</p>
<p>While I don't believe Steem will reach the satoshi area, I have been enjoying the low prices because I am gathering Steem Power fairly quickly now. I realized that there is currently a large interest rate on steem that won't last forever, so the more I have will have for when this rebound happens.</p>
<h3>I am also prepared to go down with the ship :)</h3>
<p>I had fun, I made money, and overall I explored myself and socially presented it. In my attempt to "do my part" I have been powering up and will continue to do so until the doors close or I die, which ever comes first.</p>
<h1>God Speed and Steem-on</h1>
<p><br></p>
<p>http://i67.tinypic.com/2z4fxiq.jpg</p>
<p>&nbsp;<a href="http://www.freakingnews.com/Vladimir-Putin-Riding-a-Dolphin-Pictures-138212.asp">Freaking News</a>&nbsp;</p>
<p><br></p>
<p><br></p>
<p>Thank you for reading and comments are always welcomed.</p>
<p>Consider following me @generation.easy</p>
<p>Feel free to contribute to my goal of becoming a dolphin as this is a <strong>100%SP</strong> posting</p>
<p><br></p>
<p><br></p>
</html>

👍 rainman, wang, laonie, will-zewe, cryptoctopus, anonymous, hisnameisolllie, somebody, xiaohui, gargon, wingz, kimziv, good-karma, pgarcgo, razvanelulmarin, bacchist, phoenixmaid, titin, generation.easy, midnightoil, myfirst, bitcoinmeister, shredlord, rossenpavlov, sisterholics, wartrapa, clement, mindhunter, juanmiguelsalas, laonie3, laonie2, laonie5, laonie6, laonie7, laonie8, laonie1, ballinconscious, laonie4, clonewarz, laonie11, elfkitchen, yoganarchista, wongshiying, astral, pjheinz, ethansteem, drinkzya, birds90, royalmacro, future24, flysaga, grandpere, xianjun, nulliusinverba, xiaofang, fishingvideos, dave-hughes, bergy, poseidon, nelyp, xiaokongcom, justiceforall, tatyana65, steem1653, and 30 others

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@ballinconscious · Oct 27 '16

This is exactly how I feel.  There is always two sides of a coin to everything. More SP is earned at the moment so enjoy it while it lasts. 

My writing has grown so much from this platform.  I have learned so much more than money could give me, yet if the value of the platform does skyrocket and go up again, even better ^_^

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@generation.easy · Oct 27 '16

More SP, I want to be ready when the next round happens.
Maybe I'll be a whale next time it spikes?

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@ballinconscious · Oct 27 '16

Exactly thats what I want to focus towards too.  Maybe, you never know.

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@better · Oct 26 '16

Hello @generation.easy,

It gives us pleasure to inform you that this post have been upvoted by Project Better.

The Mission of Project Better is to reward posts have many votes from Minnows but earn pennies. 
Your payout is $0.001 before we vote on your post.

Learn more about the [Project Better here!](https://steemit.com/robots/@better/better-26-10-2016)

We hope to see you continuing to post some great stuff on Steemit!

Good luck!

~BETTER~

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@generation.easy · Oct 26 '16

2 thumbs up - Good idea guys! 
I will learn about your project and maybe I will join your curation team.

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@everittdmickey · Oct 26 '16

woe...woe...all is woe..
Oh wait...even at a payout of a penny...
...that's a penny more than FaceBook would pay.
And back in the CompuServe day they CHARGED to play.
woe...woe.....all is woe....

👍 everittdmickey

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@generation.easy · Oct 26 '16

I'm not woeing. Its a perfect time for some SP!

👍 everittdmickey

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@will-zewe · Oct 26 '16

That's pretty much where I'm at. Steemit's paid me, as long as there's a community, I shall most certainly be here and be apart of the social media that pays.

👍 everittdmickey

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@generation.easy · Oct 26 '16

That is the story. Plus as I speak, some buy pressure has begun. Maybe the turn around has happened!

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@mindhunter · Oct 26 '16

I have an idea for your next post: Why not limit the Steem to 250 millions coins ONLY - were at about 187 million at the moment - that would create a scarcity no? End all mining at 250 million coins too.

👍 generation.easy

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@generation.easy · Oct 26 '16

What - Limit the coin cap? are you crazy?
I saw a recent post about making steemit into zimbabwe, lets do that ;)
http://i65.tinypic.com/15wkk6t.jpg

👍 mindhunter

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
mindhunter	0 B		7,168,935,382	100%

@mindhunter · Oct 26 '16

I don't know what the Bitcoin total coin count will ever be? Some coins like Unobtanium are 250,000 coins only! Infinitecoin was like.......infinite!

properties (22)

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`category`	steemit
`json_metadata`	{"tags":["steemit"]}
`created`	2016-10-26 21:28:33
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`root_title`	"Where Does the Steem Bottom-less Pit End???"
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3 replies