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RE: STEEM - Warning the support line looks weak
most of the coins are inflationary, even BTC, how do you think miners are paid? By BTC created for that. Look Binance Coin, it is also highly inflationary. Here the only difference is the rate of inflation and the number of investors.
Uhh. Max supply is 21 million for BTC... That's not inflationary. You can even google it. I know that refers to the supply but that is a factor in inflation as the purchasing power has increased. Also, miners are paid from the newly minted coins into supply and the mining reward decreases by half every 4 years.
The inflationnary rate of STEEM is decreasing also
year current supply inflation New supply
1 250,000,000.00 0.095 23,750,000.00
2 273,750,000.00 0.090 24,637,500.00
3 298,387,500.00 0.085 25,362,937.50
4 323,750,437.50 0.080 25,900,035.00
5 349,650,472.50 0.075 26,223,785.44
6 375,874,257.94 0.070 26,311,198.06
7 402,185,455.99 0.065 26,142,054.64
8 428,327,510.63 0.060 25,699,650.64
9 454,027,161.27 0.055 24,971,493.87
10 478,998,655.14 0.050 23,949,932.76
11 502,948,587.90 0.045 22,632,686.46
12 525,581,274.35 0.040 21,023,250.97
13 546,604,525.33 0.035 19,131,158.39
14 565,735,683.71 0.030 16,972,070.51
15 582,707,754.22 0.025 14,567,693.86
16 597,275,448.08 0.020 11,945,508.96
17 609,220,957.04 0.015 9,138,314.36
18 618,359,271.40 0.010 6,183,592.71
19 624,542,864.11 0.010 6,245,428.64
20 630,788,292.75 0.010 6,307,882.93