What Do You Do When the Steem Prices Keep Reducing and Reducing? You will Be shocked,read below!
steem·@jaraumoses·
0.000 HBDWhat Do You Do When the Steem Prices Keep Reducing and Reducing? You will Be shocked,read below!
**Let me start with a story,one of the guys i brought to Steemit yesterday sent me a whatsapp message asking me why his post money keeps reducing!** I have not yet replied him,but i hope this post will answer him very well.I will do my best to explain the fluctuation and what a person should do to counteract it. .jpeg) [Source](http://marlacummins.com/how-to-prioritize-when-you-feel-you-have-to-do-everything-now/) Let me also give my experience about this price fluctuations.I know this happens to almost all new people on Steemit. I know most of the motivation people join Steemit is because of the money and it's why we keep looking at our posts almost all the time! I remember vividly when i made my first post(introduceyourself ) and it made some money ie 0.78$.It stuck there for some days and began decreasing steadily in the last hours to payout! You don't know how i felt,really bad! It reduced to 0.57$ on payout day. It really hurts to keep refreshing your browser and hoping the money increased on your post,only to see it reducing! I know how it feels because i went through it folks. .jpeg) [Credit](http://fayegarnet.com/?p=20) It is at this time that i asked around and i was just told "welcome to crypto!". I was briefed that the world(crypto) i had joined had some ups and downs.This is really hard to stomach as a new user(you have no option though). I was told that here(crypto world),prices are determined by demand and supply. ##### What is This Demand and Supply Thing? If you are new here,you might now be asking yourself that question,relax am going to explain it further below. I will start with Bitcoin.There are only 21 million bitcoins that were and will never be made! This figure will never be adjusted and so the prices are determined by demand and supply. This means that the total supply is 21 million bitcoin.When many people want to buy or use bitcoin,that means the demand is going high and that increases the price! We had a big spike in demand for bitcoin late last year and that's why the prices skyrocketed to the tune of almost 20000 use per 1 bitcoin! When many people start selling or converting bitcoin into cash,that increases the supply and hence reducing the price.Let me break it down further,if 100 people are selling mangoes in the market,they would all be competing against one another and hence reduce the prices! It is different when only 5 guys are selling the same oranges, they will even gang up and increase the price since they know it's only them selling mangoes at the moment! Let me hope my simple explanation of mangoes drives the price home in relation to demand and supply. It's now understandable why the prices are low for most of the cryptos,many people are panic selling and hence the prices are low.There are many reasons why there's panic selling at the moment(government regulations ,Google Ads ban news etc).If you are really serious about Steemit and crypto you should go and read more of this on the internet(you need to know what you are dealing in folks). If you have reached this paragraph and not yet understood the lower prices of Steem,then you need divine intervention! To help you out,let me put it for the last time .The Steem price are reducing because there are many people selling for fiat(local cash) and also we have a few people buying Steem. If you remember the title of this post,it says >What Do You Do When the Steem Prices Keep Reducing and Reducing? You will Be shocked. #### What To Do Now When The Steem Prices Are Reducing. I have been yapping for the last paragraphs above of why the prices are down,now am going to give a solution to counteract that. I have firm belief that many of us are here in Steemit because of the money incentive,right? Some of you might now be denying,but we all know as you also know! .gif) [Source]( https://tenor.com/view/jerry-maguire-tom-cruise-show-me-the-money-show-me-money-gif-4059125) It's fascinating to note that the higher the money on Steemit,the greater the activity.This is easy to understand folks.When the prices are high,people post and comment a lot because of the money motivation as we had agreed earlier above. The reverse of the above is also true,ie since the prices are low,activity reduces.The number of posts and comments reduce. I remember a few days ago one of my friend told me of how he doesn't feel like posting anymore as the prices on his posts keep dropping. ### The Shocking Revelation of What You Need to Do Now! If you have been following keenly above,you must have noticed that I hinted on this already. The Shocking thing to do now is **Posting More!**Yes you read that right bro/sis. .jpeg) [Credit](https://www.holmesreport.com/agency-playbook/sponsored/article/don-t-just-do-what-everyone-else-is-doing) As I said above,since the majority of people are being discouraged from posting due to the low prices,be the exception and instead increase your posting activity! Now you might be asking if this is a radical choice! You are right about that.I read a post today by @shenanigator where he explained in his post very well of how now there is less competition for the daily rewards pool!  [Image Source](https://geekhack.org/index.php?topic=33530.450) When the prices were high,many people were posting and we all scrambled for the rewards pool,now since we are few...there is less competition and hence you earn high rewards especially Steem Power. You can find a detailed read from this post of @shenanigator here below. ##### https://steemit.com/steem/@shenanigator/blog-more-not-less-when-the-steem-price-is-lower So guys increase your posting activity so that you get a big share of the Steemit rewards pool. #### Why Posting Consistency is Good for You. As we all know,all crypto is bleeding and prices are bad.There is a high likelihood the prices will rebound a short time from now. As a long term believer in Steem,i expect the prices to rebound soon.The smallest indicator of this will be the introduction of Smart Media Tokens SMTs ( go and read about this). I remember last year around November I was not active on Steemit for no clear reason for almost a weeks.It so happened that in late and early December,both Steem and SBD prices as all crypto shot over the roof. All the people who had been posting consistently cashed out big sums of money unlike me who was inactive who didn't have anything to cash out. .jpeg) [Source](http://wigradio.com/resource/consistency-is-key/) I was thought a bitter lesson of always keep working no matter the current circumstances.I am sure we shall have a price spike soon and it will only be the people who worked hard in this bad times (of low prices ) who will reap big.So folks increase in your posting activity. There is also a good post explaining of how we can survive the dip at the moment written by @jerrybanfield.You need to read these two posts I have linked here. #### https://steemit.com/busy/@jerrybanfield/tips-to-survive-the-steem-dip So in conclusion,increase your posting and commenting activity.Let us not do what average people do ie stop posting coz the prices are down. ### If you lived this post please upvote and share to your other friends Love Jarau Moses
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