STEEM PRICE & DEC in a free Fall?!

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Authored by @ManniMan

1 - Very bad Start!

Good Morning everyone, I just came back from 2-Day Business Travel with just 3Hours of sleep, so I slept until Midday. When I woke up, the Steem price had dropped from 22, to 18 Cents. What is going on?

20190806 17_27_53Steem STEEM Preis, Charts, Marktkapitalisierung und andere Messgrößen _ CoinMa.png

2 - Getting worse!

So I proceeded with the Daily Steem Task of mine, which I've been proceeding every day for the last 4 weeks.
That would be 30Min. of Steem 'Workout', by doing these tasks in exactly that order:

  1. Open 5 Browser Windows
    • Next Colony
    • Drugwars
    • Splinterlands
    • Steempeak
    • Steem-Engine
  2. Spend my Ressources for Upgrades
    • Next Colony
    • Drugwars
      2.2 while checking my Feed on Steampeak
      2.3 collecting Coins on the Engine
  3. Check out the most interesting (trending and NextColony/SPT) Post on Steempeak
    while I play Splinterlands for my daily Goals
  4. at last go check discord Stuff

soooooooo.... I had to find out:

Drugwars is DOWN since at least 2Hours

20190806 17_36_36DrugWars.png

A few days after the installation of Guilds DEC Market is bearish

20190806 17_34_35Steem Engine Smart Contracts on the STEEM blockchain.png

AND no wonder

Splinterlands is increasing the Distance between the Game and Steem as a Currency! Very Bad Move.
https://steempeak.com/steemmonsters/@steemmonsters/5uydhv-splinterlands-development-update

What is going on?

AT LEAST #NextColony is doing its job and I'm getting closer to skill Level 200 and my first Ships.
20190806 18_06_28Skills.png

No worries about buying more Cards, offline Servers or Steem Price decay... just super nice people everywhere and a simple Game with daily progress without eating up all your time. 5-10Min. of good feelings in NextColony, might stay the best part of my Steem-Day. Did you ever realize how nice everyone in that Discord is, just incredible, isn't it? Thanks for that Olli :))

Best Regards Manni

palnet neoxian spt steemleo steemace sct drugwars nextcolony marlians steem-engine
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7 comments
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I wouldn't worry too much - as long as there is demand for these tokens and they're using the STEEM blockchain, all is well. Like any market, it goes up and down, it's certainly not free fall. People can make any token or coin they want for in-game currency or whatever, but as long as it's using the steem blockchain, it's all good. It actually increases demand for Steem as people will exchange it for other tokens rather than flooding the external market.

If games go belly-up that's bad news. But if in-game currencies go down (like DEC), that's an opportunity to buy them up for CHEAP! The ability to buy and sell cards using DEC is a good thing, it just encourages more players, more demand for DEC - it's creating a sub-economy on the steem blockchain. This is good news for STEEM in the long-run.

What's good for the chain, is good for the coin, even if you don't use the coin.
(I think the consensus is that the chain is actually BETTER than the coin right now)

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There are a lot of points around Splinterlands, that move anticlimactic. Just to mention a few:

  • Whales like @Exyle go over to the Concept of leasing their cards to others. That makes sense to both Players, but the Whale will constantly payout the DEC he makes through his 'Player', in order to execute his revenue and it shows that the Whale has lost the interest of playing the game himself. That is lowering the Reputation and has consequences for the DEC price.
  • Playerbase it not growing equivalently to what it should be for its current position in the Market. Imagine what the situation would be if there would be real competition and there will be soon enough.
  • Spliterlands has one of the most advanced Tournament creation System I've ever seen, but it's inaccessible to win even a single Round of a Game for most of the casual players and all newer ones. I played 5 or 6 Times in low-level Tournaments, 0 Rounds won with my Cards for ~100$. Why do you have a feature, if none can enjoy it below spending a few hundred Bucks before?

... trust me, I could go on for a very long time...

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(Edited)

And there is one thing I really wanna know. If I buy a Booster via PayPal or CC, will my money be translated to the Blockchain at first and then I get the Booster-Pack or is the Booster Airdropped and the Money is pure FIAT revenue, while the DEC amount / Value of Cards inside the SPT System was increased by the value of my Booster's Cards. That would mean that the purchase of Boosters with FIAT, might inflict time-delayed inflation and could already have created a Bubble-Effect.

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