Hey Steemains
Woke up this morning and as most of us crypto enthusiasts and investors do, I checked the prices and I noticed that STEEM was below $1 for the first time this year
From what I've seen from posts by other Steemians there seems to be some psychological suirty with STEEM that is completely lost once it dips under 1 Dollar and people start to lose it on the platform. Perhaps for me, it's not that bad since well 1 dollar is still 14 South African Rands so lol rock on STEEM you're still worth way more than my national currency.
I dropped in on Coinmarketcap to check and I see the last time STEEM was below a dollar was December of 2017 that's a long time ago in crypto talk and so we've come full circle. The last time it was below a dollar was prior to a massive sruging run, could we see history repeat itself once again?
Steemit is quiet
I have only been really active on Steemit as of March this year so this is the first time I've been in the community while the price plummets like this and I've noticed the effect its had on user behaviour. Some users have just up and left, some aren't posting as frequently as they used to and just the overall activity seems to be centred around a few accounts keeping this place going. The real OG's who have either been through this before or it simply doesn't phase them because they're in it for the long run.
Hmmm aaaaaand it's gone
My sentiments are shared by a fellow Steemian who posted about the price drop today
@naturowlmystic you can find his post here
Personally, I couldn't care less about the price since I'm all about increasing my influence on the platform and working up that SP value. It seems like the ideal time to invest and I just want to see how far it will go before pulling the trigger, not that below a Dollar for STEEM isn't already a complete steal.
So I'm going to keep going like I did before and hopefully earn more stake for my contributions to the platform instead of more value measured in fiat. Regardless of the price high or low if you don't Steemit you lose lol
Have your say
Does the price of STEEM bother you? Do you think it's a great time to get in? Will you be investing in STEEM? How far do you think STEEM will drop or is this the bottom? Let me know
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