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RE: ScaredyCatGuide Calls It - STEEM Price Action is Dead!
That is quite interesting. I wonder (and worry) about the utility value of steemit. That ebb and flow of rewards to rewards pool could have something too it. Suppose we will see how the next swing plays out.
Speaking of utility value, something that comes to mind is the diminishing returns on Steem Power as a self-voting author. It's value decreases once a self-vote can propel your post into the 'Hot' feed. From there your post is more likely to garner upvotes from other users that will outperform your own vote(speculation).
Yes, there seems to be "saturation points" in such items. Pretty good eye my man. Enjoying the comments.