The all time low, so far, for the price of Steem was on july the third 2016. Yes, one day before the first official payout round it dropped to 0.00028003 BTC. Can you believe it? Also in july, on the 20th it wend sky high at about 0.00682128 BTC.
When I signed up on 26th of may 2016 the price of 1 Steem was 0.00168807 BTC. And currently it is at about 0.00032 BTC, still above rock bottom. The descend slows down more and more, the slope is getting more flat. It might now wobble into stability for a few weeks.
Now is the time to SteemIt
There is an advantage when the price of Steem drops low. Traders buy low, because they want to sell high. But what if you are here to get your Steem on? To post, to curate and build up big time Steem Power? Well, then right now it is best to keep on Steeming.
The lower the price of Steem, the more will fit in one US Dollar. That is what the potential payout is showing you behind the $-sign. When almost 5 Steem fit into 1 symbolic US$, then that will give a nice payout. If you want to see your Steem Power grow for instance.
So, low Steem price, high Steem Power gain. The same for curating rewards. And when you are building your Steem Power, it will grow even more by itself. Because the more SP you have, the more you get from the investment reward pool. Again, there is a win from another gain.
While others drop off, you pick it up
When times get rough, the smart keep steeming. It is a simple principle. The post and curation pool has an amount of Steem that is finite, for every round. That is about the same amount every time.
This means that for those who keep going, there is less competition. In effect this could lead to higher payouts per round. Or more posts getting a nice payout. And also curation will get a bigger share of the pie.
And when the price of Steem is low, this means more to power up.
And then when the price picks up again
Somewhere at the weekend of @steemfest (11-13 november 2016, Amsterdam), or just after, the price of Steem could pick up again. At some point the price of Steem will get interesting again for speculations. And demand for Steem will make the price go up again.
But, as I wrote before, it is something of looking into a crystal ball, no guarantee. Still, Steem growing at low price is quite nice. It is almost as buying low for trading. And it is cheap to power up. Having more Steem Power does have it's advantages.
This race gets won by those who keep on going. So Steem on, sisters and brothers! Keep the fire burning.
pixlrd photo cc-by-sa @oaldamster
This is a 50-50 payout post