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RE: What is happening with the Steemit Post rewards? - Can Anyone Do Something?!
Pretty simple, head to to the market on steem. At one stage steem was almost at $5, at current it is $0.27US. It is paying the same amount, but the price in $US has gone down significantly.
So is it possible that steemit is coming to an end! The Horror! Will we bounce back from this!?
Image credit memegenerator.net
Actually it looks like the Steem price may have finally found a bottom. It's been trading in the 30K - 40K Satoshis range for a week now. Let's see if next week brings more stability at this price.
If it holds at this price then we may see more people buying Steem. There are a lot of potential buyers that are holding off while the price is in a constant decline. They are just waiting for Steem to find some bottom support.