It just crossed my mind. When I joined Steemit less than 2 months ago, Steem price was at around $2. Since then, it has gone down to as low as around 70 cents, and now it's been hovering around the $1.20 mark.
I specifically remember the conversion when price was $2. I remember calculating it that whatever your Steem Power balance was, if you divided it by 2000, it would give you your 100% vote value.
So for example if you had 10,000 SP when price was $2, (10,000/2000) it would mean that your 100% upvote would be worth a whopping $5!
You would assume then that if that was what you'd get at $2 Steem, then if Steem dropped to $1, you could get half the old value. I thought this was the case. However, right now we are at $1.26 Steem, and a single vote from 10,000 SP is only $1.34.
This looks to me like a negative compounding. I was talking to someone the other day at a Steemit meetup, and he joined Steemit when price was around $4. His introductory post generated $4000+ in rewards! He also told me that many other people were achieving this at the time.
I remember talking to @hilarski when I just joined here, and he told me his 'introduceyourself' post generated more than $5000. I didn't believe it at first, so I decided to go check it out. He wasn't lying. It really did make that much. I was in complete shock at the time, but now seeing all this other evidence, it only makes sense.
This exact theory just proved itself again. Imagine how our rewards will be when price reaches $5! It will be insane. We will most probably be making a ton in rewards!
That's the reason why I made the title of this post the way it is. Given those stats, do you think we will realistically be able to maintain $10? Imagine what the rewards would be like! Either way, I'm excited for the future, and I am very grateful to be apart of the Steem-Engine!
If you think someone you know deserves a shout-out, you are always welcome to let me know! Yes, you may nominate yourself, only if you really think your content deserves more exposure. Your results need to speak for themselves :) I choose a new person every week for the Shout-Out Saturday post! So stay tuned, it might be you!
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I want this blog to be a happy, motivated place where you guys are free to engage and say whatever is on your mind. A place where if you have something on your mind, no matter how dramatic it may be, you can feel free to speak. Resteems are appreciated!
I reward good resteems and comments! I would love to know what's on your mind. Be bold and talk to me in my comments section! I would to know your opinion and what it is you'd like to achieve. I am trying my best to make 2 high quality blog posts per day. So stay tuned!
My previous motivational post:
⏺Potential $60,000 profit I lost in the last 2 weeks.. Part 2
My previous Shout-Out Saturday post:
🔲 Shout-Out Saturday: @cryptonet! Let's give him some support!
My previous Send-Back Sunday:
✴️Send-Back Sunday: Does life play tricks on us? Productivity killer!
My previous image-gallery post:
📽Anime gallery: Berserk (Part 2)
My previous milestone:
🖊 Thank you for 1000 followers!! New banner!
My main Instagram account is currently at 36.5K+ Followers.
