Steem = 2.39 which is up and SBD = 1.78 which is up. Perhaps the famine is ending but I'm not sure.
I am definitely sensing a negative tone here recently with the fall in price and the fall in earnings. Overall I am still very bullish long term but think Steem could stay bearish in the near term. It seems to me that people may be cashing out of Bitcoin which is hurting the crypto market.
With the fall in prices and reduction in SBD payments due to the debt ratio I am running out of SBD for bots so I will probably be making less comments in the near future and I have even done a few cheaper bids recently. On a brighter not my Steem Power might be up a bit and I hope to do as well or better in the future as I have done in the recent past.
On a brighter note I think Steem is quasi backed up by the SBD which is quasi backed up by the USD. The downside to this is the ultimate backer is really the Steem user base who lose earnings when Steem and SBD fall. I think this is bullish for the future though although it does suck in the present with the cut in earnings.
Thursday 5-31