This is just a quick note to explain to the people that don't fully understand the economics behind steemit, that contrary to what you might think, STEEM and SBD prices coming down is what you want. Quote link here
If you already have millions of $US worth of these currencies, then you might not be as happy. But If you are just starting out here, then this is the greatest gift you could get. The reason is you get more STEEM for each post as the price of STEEM goes lower. Right now we get almost double the amount of STEEM on each post than we were getting just a week ago.
And since the name of the game is to end up with lots of STEEM to have power and make your votes count, this is actually a great thing and you should be happy if it goes even lower.
You should plan on being here for the long run if you want to seriously make money here, so picking up more STEEM is always better. I hope it goes under a US$1, I'd get to be a whale in no time if that happened.
Just my quick thoughts and a message to the newbies that may not understand how it works yet. Sometimes knowing what to root for makes all the difference in your attitude. I'm pumped and this is the second greatest thing to happen this week (right after the #newbieresteemday launch by @mudcat36) ;)
Have a wonderful day and lets keep having fun and as we are growing every day (together)!!!
