With the recent crypto market dip, all coins have been sold off straight panic-style. Instead of moping about all the unrealized losses you're sitting on and will never realize, think about this in a more positive light. On the bright side, this is a great opportunity to buy in at lower prices on coins your truly believe in and rack up as much STEEM as you can. I've taken advantage and purchased more STEEM and BTS today.
Speaking of STEEM, now is the time to earn as much STEEM as you can here on Steemit. With prices falling lower, it is much easier to earn STEEM. This is best explained through an example.
Let's compare the difference in earning potential when STEEM is trading at $6 versus $3.
Assuming STEEM is at $6, and a post you create generates $120 STU (Steem Token Units):
You, the author, gets to keep 75% * $120 = $90
The $90 is paid out 50/50 in SP and SBD, so $45 in SP and $45 in SBD.
With STEEM trading at $6, you receive 7.5 SP ($45 / $6 STEEM price).
Now, let's take a look an identical situation with one change - STEEM trading at $3:
The author keeps 75% * $120 = $90
The payout is the same. 50/50 in SP and SBD, returning $45 in SP and $45 in SBD.
With STEEM trading lower at $3, you receive 15 SP now ($45 / $3 STEEM price).
You make 100% more STEEM when it's trading at $3 versus $6.
Many will be discouraged by the recent price action and give up all together on Steemit thinking that it's not worth the effort. These people are too short-sighted and do not realize the potential of the platform. I'll take the "glass is half-full" approach, and seize this opportunity to build up as much STEEM as I can with these lower prices.
If STEEM hits $100 by end of year, will it be worth it then?
