RE: Most users sell their STEEM instead of building SP
It is a topic that we often return to and everyone knows that Steem Power is good for users and for Steemitself, still we see that withdrawing of Steem still widely spread. In my opinion, the main reasons are:
- Steem is a main financial income for many users:
Slowly Steemit became a place where users can earn without much investment at the beginning of the start and that is they can do with their own efforts and investing own time. On Steemit due to support that is provided by the biggest stake holder Steemit Inc and its initiatives like Booming, Steemcurator the active users get rewards for their work. It is actually like a real work, the person work and get rewards. In real life if we work and get paid what we do with it we use this for our daily life: buying food, paying our utilities, paying our bills. The users who have Steemit as their main financial income understandably will be withdrawing Steem for their expenses.
- Failing number of investors
What Steem needs is more people who will invest in Steem just because they will see another place where they can “park” their money and let it grow via getting passing income through delegation or Upvoting. I believe the problem is that this part of Steem and Steemit platform is not widely known, because if people will know that then definitely they will invest into it. The same problem is with Hive, because we see that it is doing the same up and down like Steem.
In order to get more from investment the users need to invest more too, but if Steem value will continuously going down rather then up (it was 0.35 in November and now hardly reaches 0.13) the investors will not come, who wants to loose their money? Nobody.
In conclusion I would say, we need more new people who will buy large amount of Steem and stak it in Steem Power, but if Steem in Ranking on 600+ it is not really look reliable, that is the main reason who we are going slowly downwards.