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RE: We Should Put a Cap on Blog Rewards to Keep Steem's Price from Falling Too hard
Think about, the only real attraction for steem right now is the possibility for make up girl to make 33 grand.
If she and others cash out the price might indeed crash further but at some point it turns interesting to buy steem based on speculation giving rise to new makup girl eventually some makup girl will want to reinvest
also original makeup girl if she cashes out may create new users from her friends in RL this could be a reinvestment in itself if she tells where she earned the money
Yeah but is anyone actually buying Steem anymore? I know as long as i can earn it im not and I don't think im the only one with that line of thinking.
seems like today people bought on poloniex reaching new alltime high