While the bears are still here in the crypto space and we wait for SMTs it is a good idea to imagine what will happen in the coming months and how we will handle it.
What if the entire crypto space stays slow for another six months or a year? What does that mean to you?
If the overall cryptocurrency markets stay depressed there is a good chance that Steem will do the same.
This is not trading advice, I do not have any idea what the market is going to do.
During this slow time, many have a chance to accumulate stake via posting commenting and purchasing while the price is low. When crypto goes back up interest in earning and buying it will go up with it and I have no doubts that Steem will continue to move with the Markets.
One of my favorite Steamians @preparedwombat did this article showing how easy it is to be in the top 1%
To be in the top 10% of all Steemians (as measured by owned Steem Power), requires less than 10 SP.
To be in the top 5%?
72,851.384 VESTS or 36.103 SP.
In my opinion, this is good news for those who do not yet currently hold stake, but bad news for those of us who do!
We need Stakeholders to make the applications work, we need more people who can give a meaningful vote and votes are based on Stake. It might be good for the Steem economy if the price and activity remain low. As it is an opportunity to get Steem in more hands.
I will continue to post and manually curate in a down market and I am not expecting a "Get Rich Quick" experience.
What are your expectations? Have you considered a long bear run?
What will you do? It never hurts to have a strategy.
@whatsup,
If anyone wish to be here (STEEM) with the idea of "Get Rich Quick" it's better he/she leave us! Coz this is something long-term, like you said one day it will rise, probably with SMT! But I wish to stay long, not only till SMT pump the market!
Cheers~
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I read a lot of post where people claim that during December we will have a new bull run etc. As if we have an appointment with bull runs every December....
Imo the next bull run will happen at a moment when nobody expects it. Like last year...was anything indicating that a bull run is about to happen? No!
So I am fully prepared for a whole year of bear market and everyone should be too. Remember that cliche "Never invest more than you can afford to lose?"
Instead it is an opportunity to stack some more. A bull run will happen at some point and I think that it will make the previous one look like an ant.
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I agree it could be a while and those who don't get frustrated and stick with it will be the ultimate winners.
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I have read somewhere that (not sure) Steem won and probably this means something good will come up in a few months.
As someone balancing instability in real and struggling to make something here, everything is tricky right now. For as much as I would want to be here interacting full-time, I have a growing crowd with needs in my house.
I am not hopefully of a bull run anytime soon but better prices would mean my staying here more as I would be able to handle my responsibilities. Currently, I keep posting and interacting as much as life allows me to.
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Yes we did win. since the other company is also new it may not make an immediate impact, but both companies got to get name and brand recognition which is a win win.
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Then good things are coming... Just need to hang in there somewhere!
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I think now is the time to set ourselves up for the future that we could have. Trying to earn 1000 sp when you have ten times as many people competing for it will be a lot harder. I think the main point is we need more people using and holding the token to add real value to it and the way to do that is apps.
People signing up to the apps, earning and having a steem wallet without ever seeing steemit. That is where the future will be. What we are seeing now is a good base to work from with apps for social, gaming, writing.... all coming on stream that can create a separate audience and really drive mass adoption.
Steem will follow the market for now but I do see a time in a couple of years where we can successfully create our own market trend due to the popularity of steem apps rather than bitcoin price.
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I agree with your plan here, it is only going to get harder to earn.
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I believe that it has to be easier for people to sign up and get information quickly on how to navigate the platform and use all of the dApps.
I still can’t bring myself to invite others who are not technologically savvy to join the social media aspect of Steem for fear of them taking up too much of my time when I am still trying to find my way around as well. That’s why I believe that @actifit will take off if they are able to partner with other wearables. Exercising and walking is a universal language. Many people from around the world have been accustomed to tracking their steps and being able to post them to the platform is more user friendly than some of the other interfaces.
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Yeah I hear you, after onboarding a few family members I've realized most just will not understand, or they have busy lives and will not have time to build an account.
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You only need 36 Sp to be in the top 5 percent? Haha that makes me feel better about the little bit that I have managed to build up over the last few months.
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Because he had to include all of the inactive accounts in the data as well.
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I think that the token is undervalued considering the development and expansion seen this year on the ecosystem. Despite reaching my goal of SP, I see the benefits of continuing to add to my stake at these prices given the opportunity. What I am changing is how I try to give back and engage into the platform by curating smaller users or delegating to new and small projects with the new SP. So, while it remains below $1 I expect to continue a Dollar Cost Averaging approach at least once a month while maintaining my engagement to earn as much as I can organically. While I wait for the long term, I will continue to look at projects like @steemmonsters and @actifit to engage in different ways and enjoy the journey.
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I too try to make it a point to engage with and reward other users, I can't see a path for growth without new users, we also need to BUILD the stake of some middle class engaged end users.
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Don't really have a short term expectations for my cryptofunds, only hope they make me rich someday, very willing to play the long game
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I will keep posting, commenting and upvoting and powering up...I enjoy doing so and I have no doubt those who keep doing it will be called orcas or whales tomorrow
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That is how I did it, I posted right through .07 cents and kept on afterwards.
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For Steem, keep posting, interacting and participating! I use as many dapps as I can and I would love to eventually join one of the teams to help out myself in growing the platform! There's no plans for me to power down in the near or far future!
For other cryptos, my trading has slowed down significantly in the bear run but I would love to start diversifying a bit from BTC and Steem starting early next year.
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Sounds like a good plan!
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I would love to see many more here buying some stake instead of just trying to earn it. Especially at these prices.
Another way of looking at the stats that I wrote about is that there are some whales (@freedom for instance) who all by themselves in one account have more stake than the smallest 90% of all accounts combined.
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It's crazy... my Whale posts opened my eyes to that again.
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It's going to be a long bear run imo as well. The levels the crypto was pumped was too quick. Needs a long period of digestion.
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I agree, too many seeking free money and unwilling to put their real-world money in the pot.
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there is no such thing as free money. Also putting real-world money into this pot is risky IMO as it COULD deflate even more.
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Risk = potential rewards.
the Bitcoin Billionaires got rich by risking their time and energy while things looked bad. They didn't become billionaires when crypto went up, they became billionaires by putting effort and money in when things were down.
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Excellent review, my friend and you are right, now you need to make every effort to promote our ecosystem and be ready for any development of events! Thank you @whatsup
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Let's hold it steady.
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Well, Stinc really needs to do better at marketing this platform. The CEO wrote the other day they that he's about to take on another "project." Laughable considering this project is still beta for over 2 years. Why not put more effort into making this platform take off?
All you see here is the same old things complaining about the same old things not working the way it should. I'd hate to just blame it on the "bear" market because Steem can be so much more than just a cryptocurrency. It should be able to take on those corporate institutions such ast FB, Twitter, Instagram...I don't see that happening anytime soon or at all.
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It would be really nice to see Marketing. I've noticed the new projects are building teams with more traditional teams... Marketing, Community Managers etc.
I do see SteemIt Inc trying to improve what they are doing, but more Marketing and more Communications would be really great.
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Well .. I think it's best to build up stake now .. I don't use STEEM for my daily life things ..yet .. I did cash out to pay for some recordings that I wanted to do when the price was high ... but my mid-term plan at least is to try and dolphin up :) ... It's still a bit far but at the same time I'm not rushing it.. just the fact that I've built up some stake with literally 0 investment .. ( i mean.. I have invested time and work.. but I haven't bought Steem at all.. can't afford to ) to me is amazing.. So .. my plan .. keep engaging , posting and building up .. also help out and reach out to those who I can.. most of my energy goes to ''user retention'' nowadays.. and of course @helpie .. which alongside @meno is our little project and our grain of salt ( or slice of cake as we would say there ) to precisely help and leverage all of those who are here for the long plan . Also.. happy to have you on board :) !
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Hi whatsup. have read loads of things on what is expected but everyone is guessing. I am taking it that we will all be down until next year when the likes of Trinity House start investing. It is in their best interest to manipulate the markets until they are ready. If what people are saying have a valuation of investments worth 7.2 Trillion it will be worth waiting for. The size of these investment houses to let loose a few billion to keep prices down is pocket change. Just grow your account and worry about things you can control.
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Trinity House?
https://en.m.wikipedia.org/wiki/Trinity_House
Or is there a different Trinity House?
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Sorry wrong name its Fidelity. Don't know why I thought Trinity. It's not even close lol.
https://steemit.com/bitcoin/@g-dubs/fidelity-jumps-into-crypto
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Will find it for you. Read it last week.
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Agreed. While we may not be able to control the market space, leaders in the community can help to set reasonable expectations to try to combat the "Get Rich Quick" folks.
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Six months or a year? I expect it to be much longer. Just have to wait for the next financial crisis when the central banks re-hit the panic button.
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You could be right... It's good to think about it and set goals.
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Would be great to see some meaningful votes. Haven't had a good vote for a long time. Erm maybe that's because my writing is so bad... at least i can joke about it haha
Hoping things pick hope very soon :)
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No, getting votes is hard these days, really hard! So much stake is wrapped up in delegation.
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Looks that way.
I don't want to spend hours on a post anymore for it not to be read :(
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Yes, I have. It'll be business as usual for me. I have noticed that it is easier to make friends among large stakeholders when the price is down. Steam is now like a bar on a Monday night. Those few who are left are the hard-core "professionals".
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we are at a bar on a Monday night... That tickled me and I see the truth in it.
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Hey, considering a long bear run would be a good bad idea. Because having the hope that there might be a bull run at anytime and at thesame time people are running at loss but it take a strong and smart crypto expect to make some extra cash in the bear market and I believe so many are making the extra cash right now
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I would be a liar if I said it doesn't stress me out a little at times, as this is my sole source of income now and has been for the last year... and it has been a long ass year haha... another one sounds a wee bit depressing lol - BUT - having said that, I am not one to throw my hands in the air... so onward we go and make the best of it on a day to day basis. Keep on, keeping on...
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Hi @whatsup!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.246 which ranks you at #231 across all Steem accounts.
Your rank has improved 6 places in the last three days (old rank 237).
In our last Algorithmic Curation Round, consisting of 253 contributions, your post is ranked at #9.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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