Hate To Say I Told You... But I Told You...

in steem •  8 years ago 

RIP Steemit
03/16 - 08/16

steem steemit meme photography greed
8 years ago by

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    • [-]
      ·  8 years ago 

    You think steemit is dead because of the price drop? Just trying to understand your point of view of this platform being dead. I'm still optimistic about here but please elaborate more if you may, if not all fine, cheers!

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      2 votes
      [-]
        ·  8 years ago 

      The price didn't just drop, its been plummeting now for over a week, not hard to see where the trend is going. This place is a casino, and everyone knows it. You reap what you sow.

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        1 vote
        [-]
          ·  8 years ago (edited)

        I think it will not go up in price until the whales have sold everything... They are selling no matter what price... and they have another 100 or so weeks to go... So no investor will be entering until the price is not below dogecoin level...

        I think it would have been in the best interest of the whales to not sell for a while... doing a gentleman agreement, until the price stabilizes at a higher level... but then there is this game theory aspect.... and in the end everyone is dumping all they can... I think investors will wait until it is at a 15 mil valuation... and then slowly enter...

        The problem is that this slows growth of rewards, and so the users will have less incentives to sign-up and write articles...

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          1 vote
          [-]
            ·  8 years ago 

          Upvoted because it really looks good, but say, what exactly do you mean? Elaborate, elaborate!

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            1 vote
            [-]
              ·  8 years ago 

            STOP FUCKING THE VACUUM CLEANER YOU DUMB SHIT

            WILL-VACUUM:
            SHIT-
            .

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              [-]
                ·  8 years ago 

              Anyone with half a brain knew this, I've been powered down since the start and made hundreds of comments saying that without a proper business plan speculators and day traders won't be supporting Steem price forever but oh well...

              Might as well donate BTC straight to content creators and whales.

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                [-]
                  ·  8 years ago 

                Exactly

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