If you follow me for more than 24 hours, then you know I really love numbers. Numbers have this ability to "keep cool" even in extreme conditions. During a hurricane, 1 + 1 will still make 2. But we, humans, we kinda get scared during a hurricane and we call this situation: "getting emotional".
Now, don't get me wrong, it's very healthy to get emotional during a hurricane, because, being scared and all, you'll look for shelter and, most likely, this will save your life.
But we humans, we're not very good at assessing situations, so we're often scared when we really shouldn't.
Not everything that looks like a hurricane is actually a hurricane.
Like, for instance, during the last 2 days of a sharply bearish market. In just 2 days, Bitcoin lost almost 30% of its value. The entire market was in red. Blood on the streets. The bubble popping. The end of the world.
Or was it?
Hmm, let's look at the numbers. Because they keep being correct even during hurricanes.
Exactly one year ago, Bitcoin was trading at $872.5 and STEEM, exactly one year ago, was trading at $0.16.
Now, today, Bitcoin is trading at $12,038 and STEEM at $4.43.
In other words, Bitcoin grew 13.79 times.
But STEEM grew 27.68 times.
During the last 365 days, the growth of STEEM, compared with the growth of Bitcoin, in USD, was two times higher. However big was Bitcoin's growth, STEEM just doubled that!
Let that sink in for a moment.
If you want to verify these numbers, please be my guest, try Coinmarketcap, that's from where I got them.
So, next time the weather gets nasty in the cryptoland, look at the numbers first and get scared only - and only - if they are really bad.
If they're not - and in our case, they're clearly not - just grab some chips and tomato sauce.
You know, for the dip...
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
Wanna know when you're getting paid?
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Based on my numbers derived from similar 2013-4 dynamics we are heading for much drama ahead.
We saw not the last episode of the show.
Cheers, everyone, keep calm and reasonable.
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Steem is getting recognition but it is still very disheartening that only four exchanges accept steem til today. For steem price to explode like bitcoin, this must be accepted by exchanges on a large scale.
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This week has probably been very scary for people who put more money in crypto then they should have.
Nearly every coin/token on coinmarketcap was deep in the red numbers.
Too be honest. With all the arguing about the reward pool and the voting bots. I'm still about worried about Steem in the near future.
But based on the good tech and the (forming) community. Steem has a decent change of being on of the few coins to survive in the long term.
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I still haven't got used to your new footer, but it is looking better in my opinion and some of the posts in the old footer weren't pretty updated as mining for Steem I guess :)
Well: Keep calm and trust the numbers!
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it actually was updated, in the sense that I was explaining that mining is not possible now (it probably will be, in the next hardfork, but only for account creation). But thanks :)
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I didn't noticed that you were saying that mining is not possible now, I guess I was focusing only on how to do it :))
I thought about it and you could do an article containing references to all of the important articles and guides, and you could leave a link to this new article in your updated footer. In this way tou can still keep the references of the important articles and it will not take that much space. This would be my suggestion but I guess it would be helpful :D
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That's nice, thanks, will think about it :)
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That's a great observation, however, I believe STEEM has potential to rise faster than its top peers since its top events/upgrades are still ahead- millions of users with easy signup, community in next HF and then SMT. However, that panic actually depends the investor who bought it at what price. For example, someone who bought STEEM at 10c, he is still up 4000% up, for somebody who bought at $1, he should not be sad, since it is still 400% higher but for somebody who bought at $6 or even $8, they may feel little bit uneasy. However, STEEM has much more potential to go beyond $10, or $40 even $100, some reputed investors (@stephenkendal, @taskmaster4450, @cryptoctopus ) think it can go beyond even $1000.
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I feel better now...
when the price of steem began it's decline below $5...I begin to buy.
$100 at a time...all the way down..down..down...
I spent a couple of K or more..
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as community grows..STEEM will also rise and reflect this :)
Hopefully..
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@dragosroua WOW, Think about that Folks STEEM outperformed Bitcoin in the last Year by almost TWICE as Much !!!!!
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It has been an emotional rollercoaster for the past couple of days but now I think the ride is over and we can open our seatbelts
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I wouldn't ever open my seatbelt while riding on the cryptowave. :) It can always surprise you...
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very helpful mate,, thnx
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The numbers have no emotions and can help To keep one calm
I noticed that this big drop has been common for this time every year for a few years now and everything climbs out of it so I was sitting back and watching the waves
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Get some pop-corn too, if you can, JJ! ;)
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Lol good idea
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😏
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Hey,
good post how "thankful" numbers are.
Normally you tend to say. Wow Bitcoin has increased that much. It must be the best. Although there are a lot of other coins/cryptos like VERGE, which increased +x-times Bitcoin did last year.
But we usually only look at the BIG numbers and forget about the relationship - a simple percentage calculation would help a lot :)
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best line, that's some incredible numbers because just today i was wondering how long and how much life support we need to give the king when he suffers and takes the alt's with him. it's good to see steem even anywhere near these figures. super hopefully still for 2018. steem is making moves! :)
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That's a nice statistic. But for that year there are also other coins that have made even higher gains. As Steem and Bitcoin are in different places in their "lifecycle" a direct comparison might actually be a bit misleading.
Of course, I remain optimistic about steem, no doubt! :)
On a bit of unrelated note, I just discovered something I feel might be a bug in the blockchain and since you are my most trusted witness, I hope you'll have a look and post about what you think is going on there. I don't know if this is even a bug really.
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Thanks for the heads-up. It's not really a bug per se, because tags are not part of the consensus, but it can be annoying. Will look into it.
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So any of the Steem blockchain interfaces can decide on how many tags they want to cram into the json field and the 5 tag limit culture happened just because that's what steemit used and the other interfaces just decided not to mess with that?
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something like that.
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If they're not - and in our case, they're clearly not - just grab some chips and tomato sauce.
hahahahhahha
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Keep calm and carry on. Enjoy the price rise!
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Great pun; and many thanks for the encouraging stats!
Peace.
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That is why I didn't sell any of my coin for fiat during this time, but converted some of my Litecoins to STEEM. And it turned out to be a good decision, since STEEM rose faster than Litecoin.
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I felt like one of the few optimists these past couple days. Had several people keep saying that crypto was dead. I knew it was just a large dip that happens at the beginning of every year. If you had bought in in November you still would have been in profit. As always, crypto will keep shooting up. You crunching numbers has only vindicated that point. Thank you!
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I think Steem is doing fine considering there has been no real marketing campaign yet. I hope that is coming soon when the team feel ready for it.
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steemit is great project. steem will go to 30 $ soon, , steemit to the moon♥♥
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Very helpful post.Thanks for sharing it
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REALLY good post. :) I'm going to resteem this one. Hopefully in a year we will all be rich. You helped boost my morale with this post. :)
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I linked to you in my post.
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I am sticking with steem and let it rise :) thank you @dragonsroua
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I really like your posts
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I really like your post
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Good thing that the fluctuations have calmed down a bit. Bitcoin yesterday was in $ 9K and now it's almost $ 12K. And just as all the cryptocurrencies are connected with Bitcoin so steem and SBD will also rise with BTC.
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if we see this growth 27 time and hope predict it to next year there will a high price of steem over than 100$ @dragosroua sir...that will be very happy time for us
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Steem is going to take off even more with even more applications set to be on the platform. Its going to be another strong year for Steem!
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For now I am still having fun on steemit so hopefully other people feel the same.
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The crypto wave will hopefully continue treating us well :).
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Steem steem on
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I am even surprised at the fast rising of it. And when all crytocurrency crashed heavily it didn't fall as hard as the others. I am investing now on Steem . Steem all the way
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I have no problem with the rise of steem. This will slowly go up and up. In march It could be $15-20.
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I'm just starting to get more and more excited.
For me it's time to buy and invest on Steemit for the first time my fiat. Hopefully it'll be a safe bet on the long run.
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with steem i have seen that the longer you wait the better it will get just like fine old wine it just gets better and better :)
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Very cool... Love the way you explained it! 😏
You're one of the first witnesses I voted for when I first found out about the witness list - still behind you!! 💪
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your posts are very, help me to, more about steemin, because I am new in steemit community,greetings friendship
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