
I have been on Steemit for almost a year and yesterday was the most exciting day for the community overall. I didn't post as much yesterday because I was commenting so much on people's posts and was upvoting things. If you are new to Steemit you have to understand that we have been through some very rocky times on this platform. When I first joined the price of STEEM had spiked way up and that is how I found out about it. People were apparently making huge amounts of money on posts. I read the white paper and studied into how the system worked. It seemed really well thought out.
At the time the Introduceyourself posts were getting paid out a lot. So I went in and introduced myself and got a big payout. It was exciting. I actually introduced myself again but in more detailed with a pool meeting. I got an even bigger payout. After you got past that point it was extremely hard to get your post seen. It was very frustrating and the payouts seemed to make absolutely no sense. A lot of people were becoming exhausted with the way things were going and people were quitting and committing Steemacide left and right.
The Main Issue Was The Voting Format
It was a whale picks situation and people who got on here a couple months before me and mined a couple hundred dollars worth of STEEM suddenly were sitting on a fortune when the price spike and they were swimming around like God King Whales. I knew the platform had potential despite all this. There were a lot of initiatives to get good posts seen and upvoted. Nothing seemed to completely help the attrition and the price slide.
It Looked Like The Platform Was Doomed
There were talks about fixing the voting situation. That was hope! I started posting small posts again and earning a couple dollars here and there. I kept commenting and I kept running my SteemVoter bot. Things started turning around. The price bottomed around $0.07. Everyone was on suicide watch. The pain on the platform was very visible but then things improved.
My Post Improvement
My plan to do the #TenPostChallenge paid off. Those payments were in the past 7 days so they got recalculated and I got a huge boost on all my posts. I calculated out that in the last 6 days my pending payouts are going to be around $1971. A lot of stuff more than doubled what they were going to be. Here is a small snapshot of Before and After of some of my more recent posts.
Going Forward
If you are new to the platform, coming back, or have been on here the whole time I can pretty much bet that you are going to be better off now. It actually makes sense for an investor to buy STEEM and Power UP. Before after the price spike even if a person would have invested $100,000 into the platform their vote still wouldn't be worth anything and they wouldn't have earned that much curation rewards. That was one of the main reason why it didn't attract investors. Also the inflation rate was initially set very high. Now that things are being ironed out we are on a totally different platform in a lot of ways.
I was powering down before to have a little bit of liquid Steem in my wallet. Now I actually have enough liquid Steem to do what I want to I stopped my Power Down.
People are going to figure out how to handle the voting situation here over the next week or so and it will be interesting how everything plays out. I really blew out a lot of my voting power yesterday. I was already at 63% Power when we hit HF19 but at that point my vote was worth $0.34. I will likely power up to a point where my vote is worth $1.
The Rush For Steem Power
In my opinion I feel like more people will power up because they can make a visible difference in their voting now. People will want to get to a point where when they post they know it is going to be worth it. We have all been in a situation where when you post you don't know if it is going to make $0.40 or $50. Well what if you could eventually get into a situation where you knew every time you posted you were going to earn at least $10 or $20? That is a good feeling to have and with Steem Power a person would have the ability to do that for themselves.
Rising Price of STEEM
I feel that ultimately this increased demand for Steem Power will cause the price of STEEM to rise because people will want to buy more to pay themselves on their own posts and have more influence in the system. Plus since STEEM is trading around $2 I don't feel that a lot of the whales have really sold out at these levels. They probably expect it to go past $3 at the very least. The cat is going to be out of the bag very shortly on this and people are going to be flooding in non stop to try to make money here and investors are going to be coming because they see the growth potential and the demand for STEEM will rise.
This Is What It Looks Like Right Now On Steemit.com , Busy.org, and eSteem!!!
Here is the LIVE Feed of everyone trying to get an account on here!
What Are You Waiting On!!!! Roll It Up and Steemit!!!
Thank you for reading my post and please consider following me @brianphobos