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RE: @ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!
The day to day price of steem matters because the payouts come from demand for steem. From what I see on coinmarketcap there is no demand for steem. Steem is not currently profitable.
It doesn't matter which account it comes from. Attack the message not the messenger. The fact is, if Steemit is not profitable then all that SP will be worthless, so I have every incentive to want the price of Steem to be as high as possible because that is where my ability to profit comes from.
Steem is not currently profitable. The user base is going up while the market cap going down which means payouts decrease. If you want payouts to increase and more people to be able to get paid then Steem has to be profitable.
I never claimed I lost hope. I do my part to bring value to Steem so it becomes profitable but right now sad to say it's just not. We have to accept reality before we can change it.
I find this funny coming from an account which has made over 30k SP in 4 months and that stellabelle has voted on this comment after the Synereo post.
Also kinda sad seeing how quickly people lose hope cause of a sinking free market price. When the project and site are obviously becoming improved from day to day.
@dana-edwards
It's doing exactly what it was designed to do.
If you believe the long term price of steem is up then you hold sp.
If you believe the long term price of steem is down then you hold SBD or you power down and sell.
If whales weren't selling, then I'd be concerned. These guys really do need to be powering down and taking today's price so the price of steem is depressed enough that people in this for megabucks just go away and those of us who are here to build something can finally have a voice.