Will the last 2 days of the STEEM price rising continue long enough to see post rewards improve much? Will it trigger more activity on posts and comments? Only those that paddle will catch the wave...
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For the last few months, Steem has been on the down. Have a look at the chart of active content creators (posts and comments) over the last 6 months... It's quite a sorry sight to see... It shows money and rewards mean a lot more than most of us care to admit... Yesterday's active content creator count: 17834. Out of over 1 million accounts? That is less than 2% of all accounts actively posting.
Here's 6 months worth of STEEM price charts from Coinmarketcap.com. See the similarity?
The last 48 hours or have been really good for STEEM, with the price bouncing up nicely, from about $1.20, to just over $1.80, and now sitting around $1.65. I recon this could induce a few fair-weather accounts to sprout up and post some content to hopefully get some better rewards... but they're 3.5 days too late!! Reward are paid on a 3.5 day median STEEM price, so we need these prices to stay up another day or 2 to get a good reward on our posts from 3 days ago... If the price fails to maintain this level, and sinks back to the $1.20 region in 2 days time, those accounts coming back to post articles now will have missed the wave, and their post payouts will be back down to where they were before the latest price run.
You have to be paddling before the wave comes, or it'll go right under you, leaving you far behind the others. So keep paddling, and posting even though the price isn't quite right... because when the big one really hits....
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