I noticed this morning that the crypto price feed has disappeared from Steemit.com. My guess is that because of the fact that Steem seems to be the only major crypto not enjoying a renaissance after the doldrums of 2018.
The price feed always seemed a bit strange to me, for one why the hell was Ripple (XRP) there? It kind of sums up the Steemit back room for me, well intentioned but completely missing the mark.
Anyway it's gone now, perhaps the constant reminder that Bitcoin and its cohorts have gone parabolic whilst Steem remains on the floor.
My own personal theory is that the Steem price won't go up anytime soon, if ever again.
My reasons? Well, I believe that the bots and the bad whales have the reward pool pretty sewn up, so unlike the pre-bot days when user numbers fell, individual reward share increased. Which would have a knock-on effect with the price.
That no longer happens, and coupled with the fact that 1.2 million Steem is created each and every day, I can't see how it can hold its value.
However maybe I'm wrong. Perhaps this is just like when everyone laughed at Amazon. Making jokes about their stocks being used for toilet paper . . .
I love a lively debate, so I'd love to hear what you think about the Steem price in particular. Do you think we will see a price rise soon? If so why?
Okay, this could turn out to be embarrassing for me because I haven't actually checked the price this morning. However I'll stick my neck out and say that it's $0.35 give or take a cent or two.
STEEM DEBATE TIME! WHAT DO YOU THINK WILL HAPPEN WITH THE STEEM PRICE AND WHY? WAS THE PRICE FEED A GOOD IDEA? DO YOU MISS IT?
AS EVER, LET ME KNOW BELOW!
