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RE: Be Aware of the fine print before investing into Steem Power, know the risks
STEEM has a fixed supply of 255,556,473 STEEM and a Total Supply of 272,530,567.... You got in at the latest peak of crypto... if you invested the $3,900 in the beginning of January 2018 in practically anything listed on coinmarketcap you would be suffering a loss right now....
This is direct from the Steemit Frequently Asked Questions (FAQ) website. See link below. Steemit puts this information out there for you to read, it's just that most people don't understand what it all means. The max supply will continue to increase each year.
https://steemit.com/faq.html
Interesting. It seems I was misinformed.. I always thought SBD was inflationary whereas STEEM has a set supply .... but regardless I stand by my statement that if you invested in any of the top cryptos in early January 2018, you are facing serious losses right now...
As more users join the platform, the reward pool should get diluted and the price of STEEM should increase...
I don't disagree with you on your statement about any crypto investment being down right now by any means. I just don't believe people should put money into this blindly without really understanding the risks first. I'll continue to stay active on here for an extended period of time to see how it goes. Maybe it will turn around one day. One thing I know for sure is that I need to be active daily or else I'll get hit by dilution.