Our beloved STEEM saw prices drop below the $0.62 level today to find support at $0.617. Prices then saw bulls push the levels up to $0.72 where they are currently trading.
I've made several posts before about how ultimately I'd love to see STEEM drop lower than this. It definitely is a bad thing on the longer scale, but I'm not worried about that since I have so much belief in STEEM and Steemit.
Since SBD is the typical curation accumulation method, reward paid out are higher. There's no longer SBD payouts, so since STEEM is trading lower than the artificially pegged SBD, we get paid out higher with STEEM rewards. Now, this is still small since rewards aren't curated as high due to the low value. However, comparatively, they are way higher.
STEEM peaked at $9.20 last year, so if we get close to that on the scale again (it'll go higher IMO), this method has longer term benefits.
Additionally, cheaper STEEM means HUGE load up opportunity. These can then be used to help generate curation, as well as be an investment for longer holding. For example, if we get STEEM at $0.50 and it goes to $10, that's a 20x return. Additionally, you'll be capitalizing decently on curation points here on Steemit.
I have DEFINITELY noticed a huge decline in the activity here on Steemit from the unmotivated people only driven here by greed (will make a post on this).
