Good morning crypto shoppers. Welcome to the end of the year Crypto blowout sale. That's right just a day after reaching record highs we're happy to announce a quick late November adjustment sale! But you better act now as supplies only last as long as cryto trader negative sentiments are available.
15% off of Bitcoin! Just $9300!
We have currently offer a 20% discount off of litecoin highs.
Steem price settle back down to the $0.90-$1 range
Here are your most recent Dan Coin Prices!
With prices this low you'd be crazy to miss out!
What amazes me some sarcasm aside
Why the hell can't Steem ever seem to pick up past $1 these days?
SMTs are gonna be a game changer.
Communities should be pretty spectacular.
The biggest risk I see is that the chain dies from bloat, but the thing I notice is that the bigger we get the more software engineers we have and the more resources we have as a community to fight technical problems. So, I generally think we'll keep seeing chain needs increase and then find more and more ingenious ways to cope with it as we grow.
So what's holding investors back?
Do you have a lot of crypto or other funds that you're squirrelling away other than Steem? What are the biggest problems you see here?
In 3 months we should be dropping tokens left and right around here and then support them with community gathering places. What I am missing?
Hahah! Well done. I love the "Dan Coins" reference. :)
I'm often confused why STEEM and BitShares don't have higher valuations also. Amazing technology, zero and near zero fees... it just doesn't make sense. The only thing I can think of is maybe cryptocurrency speculators fear utility.
Will that always be the case? Probably not. Just as the pets dot coms of the world eventually go away, we get left with the googles and the amazons. When I saw EOS spike up quickly from $0.50 to over $3 recently, it reminded me how quickly this could all change. If investors know STEEM will stay at $1, they will leave it be and speculate elsewhere. Once enough investors decide differently, we may see what happened to EOS in a very quick time.
If EOS can maintain that price for the 100+ days left in the ICO, that's a very good sign. I'm doubtful. Like EOS, STEEM is also creating new tokens constantly that people are cashing out regularly to invest in other tokens with more short-term speculative potential.
I think it's possible things could change rapidly and many won't be prepared for it. That's why I've powered up so much over the last year and a half. Sure, I could make more powering down and investing in other interesting projects, but when the spotlight gets put completely on STEEM and SMTs, I'd much rather be sitting on a nice pile of Steem Power to enjoy it.
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Yeah, my basic thought is people are clueless as to SMTs arrival in 3 months. If they knew Steem was the next ethereum wouldn't they change their investment strategy?
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Calling it the next Ethereum might be overstating it a bit. It's more like a focused, specific use blockchain for media companies. So it doesn't have full smart contract flexibility like Ethereum, just the stuff people want and need who want to tokenize the web (users, content, votes, token creation, etc).
But yeah, it'll be interesting to see what happens. There are a lot of great options out there now for creating tokens (BitShares, Waves, etc). Technology value doesn't always relate to price per token value.
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One issue or rather challenge I see with SMT is the presence of BAT (BasicAttentionTokens) which 100% focused on media publishers and consumers - Its from one of the most respected people in the tech industry - creator of Javascript, co-founder of Mozilla and now Brave browser. While we are talking SMT, BAT has gone ahead and started establishing distribution channels. If they get a major publishing house like Guradian Signup, the game will change.
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Yeah, that's a really good point. I see BAT as another example of a utility token that isn't getting much speculative investment love. I keep intended to buy some, but the price has been mostly flat for a while, much like STEEM, so I end up trading other things instead. At the same time, I think SMTs will have a lot more to offer beyond just a currency, tipping, etc. The STEEM blockchain provides a completely different model via upvoting and with content storage itself directly on the blockchain.
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I echo your same sentiments. For me the big change will only come when the demand for owning Steem outweighs the potential gains people see from cashing out steem to invest in other coins. I believe that will happen with the advent of SMTs. I doubt it will happen immediately after SMTs are available, or even in the few months after they become available, only once there is a demand for the SMTs that have shown actual potential, will we see the rise.
The great part about the SMTs is the fact that they will open up many more opportunities for the demand for Steem to grow. It's almost like diversifying your investment without having to own all the different coins at once.
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Of all the crypto currencies I would think STEEM holds one of the best real world applications. Social media has changed the way we interact with one another. And STEEM is at the forefront on how to monetize those interactions. Throw SMTs into the mix and the steemit platform doesn't even have to succeed for STEEM to appreciate in price.
The major drawback I see is the bad liquidity of the powerdown process of STEEM power. But that is from a speculative aspect. I'm into STEEM for the long haul but most people are not.
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Dirty Burger!
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Yes, I wonder If @harleymechanix actually knows who the Mustard Tiger is.
RIP Philadelphia Collins
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Mustard tiger! Hilarious!
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Yeah, but you can buy steem and not power up. It's tradeable that way.
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I hear that but the way to appreciate it is to power it up.
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Great post. I think most people haven't heard about SMTs or don't know how they work. Even I don't have a clear idea how they will effect the value of Steem in the long run. I do think the Steem blockchain has huge potential and can be the first blockchain to impact the developing world.
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Hopefully beyond there as well.
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This is me. I know Steemit the community, not Steem the technology.
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Bitcoin will go up again soon
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SBD more than steem and over 1 USD, funny.
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Here as you can say its the lowers pries goes now and now may it's good to to enter into the system. And you are putting great post....
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thanks fun!
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Your welcome sir ....
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November post to night
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The biggest thing that stands out to me is why has steem only done $500k in dollar volume in the last 24 hours while Bitshares has done $1.7 million and EOS has done over $24 million?
Like you I am not quite sure why steem is so unloved.
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I'm wondering if it's the holding period? Bad PR? A negative spiral of low volume leads to low volume. lack of price spikes? I'm just not sure what it takes.
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I think most crypto traders just aren't on steemit and so don't see the justification for buying steem.
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wow amazing.. very useful information @aggroed.Thanks for sharing and i upvoted you as my witness . have a niceday
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Thanks for the update...hoping steem goes to the moon next year.
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I got the Kmart blue light special on bitshares @ $.06 a few weeks ago.
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