BITCOIN SURPASSED $4,000 and a lot of other altcoins are following suit, while it seems that the price of Steem is CRASHING? Is it time to panic sell all your Steem, spread FUD and flee to Belize? WHY is the price of Steem falling down? Is Steemit more important than market trading with Steem and SBD? Let's chat about all that today :D
Links:
https://www.youtube.com/channel/UCNn9181Du0SOhEtfy7tXmIA
I am not sure if this could ever be bigger than Facebook, I mean every mom ad grandma is on Facebook, but we could still see some tremendous growth over the next five years.
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No way in heck this could beat FB at its current stage. The average person needs simplicity.
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Thank you btw for 4,300+ subscribers on Kubera! We beat Bitcoin's price ;)
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Nothing is imploding here. Don't compare this to Bitcoin. The model is very different. STEEM is limped to STEEMIT success at least for now. The plans are big ( see my recent post on steemit roadmap). It takes time to implement these. This has the potential to grow bigger than FB. As the price falls, it may be a very good time to invest but you have to do it for the long run with STEEMIT. put a little money here and forget it for 5 years. For your rapid gratification neurons there are other altcoins.
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you are so right, i just don't get how most people are so short sighted that they don't see the potential of steemit. steemit has the potential of taking over the internet at some point, competing with the likes of facebook, blogger reddit and with the recent launch of dtube that would be a big competition to youtube,and there is even steemgig that can take on a lot of freelancing site like upwork and the rest of them, its just a matter of time but the sky is the limit for steem and steemit.
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But the thing is you have to think realistically. I love Steemit and support it (that's why I'm here and will continue to be here for months on end) but in order for it to even closely compare to those giant platforms, it needs to go through a complete overhaul. The average person thinks signing up here is too complicated, they barely understand it. Now to us that's funny, because really after a few hours of research I mean you should know all there is to know. It's simple for the guys who sit in crypto all day, but for those who barely know how to search for a YouTube video (grandmas, hot models, kids and such) that may pose to be a problem. I think Steemit might plateau around a few million users over the next 1-3 years and the problems may only rise in importance.
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Love ya man
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I can't complain about Steemit, because I met my girlfriend ( @cathi-xx)on here and moved to England to be with her, but over the last year I have struggled to get people to view my short stories.
I have to drag them in kicking and screaming, because it seems like most steemians are too busy to read more than a paragraph or two. This is a real shame, because I usually receive more rewards for posting memes than something that has lasting value. To show that I am not a hack you can find my last short story here.
It used to be different when the whales were actively curating, but they stopped voting to let dolphins control the curation rewards. Unfortunately most dolphins just voted for other dolphins to ensure that they would return the favor.
I brought a BTC whale to Steemit back when Steem was about fifteen cents, to see if he would consider investing in the platform and he came to the conclusion that the trending page was full of people who were shit-posting each day only to justify a daily payout.
He chose not to invest in the platform, because he felt like the other stakeholders were asleep at the wheel and it would have been too much of a struggle for just one investor to try fix these issues.
I really hope that Steemit can overcome this, but if it can't, some new competitor will come along and be what Steemit was always meant to be.
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Aw, that's cute that you guys met off of Steemit. Do you have a story of that? And that's the thing, bringing other whales on board might be a little difficult seeing as some are highly afraid of the circle-jerking and manipulation that can sometimes be displayed
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Here is the Table of Contents for How Steemit Changed My Life.
The first two chapters are more of a timeline of events,
Chapter Three is were the story gets really good.
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awesome news! upvoted :P
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Thank You :)
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I almost sold 100 steem last night to make a particular trade that would have quadrupled my money by morning (of course I had no way of knowing for sure) but I decided that in the long run, I believe steem will go much higher so I kept the steem, I'm a little bummed because I was pretty sure but FUD'd myself out of it, still, I don't feel too bad though.
I didn't have any extra fiat money to put into it and my new rule is to never sell a crypto to buy another crypto unless it's to take profit into BTC,LTC or Ether.
I say Hodl all tokens and coins and never sell at a loss, ride this stuff all the way to zero or the moon, nothing in between.
We can't get shaken out of this game, I've seen and heard too many stories about selling too early.
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@avilsd Day to day steem fall in price why ??
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very nice my nigger
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LMAO
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rofl
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This is why I love what you do Mike. You always are able to look at both sides of the coin and give an opinion based on your actual opinion, not what opinion would be beat for you to have to stack paper and buy lambos. Props!
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I think it's been turned straight into a meme now lol, somebody out there HAS TO have bought a lambo with their bitcoin money already and put a sticker on it ;)
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no fear buddy @rogerblu please follow me
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everything dropped since bitcoin goes to the moon
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If you watched the video he mentions that the opposite is true and that is 1 of the concerns he and others have. Most crypto currencies go up with Bitcoin when it goes on runs like this. Its concerning that Steem is not running up with the rest of the Alt coins.
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That's my thought too. I'm wondering about all the big guys pulling out of this platform. I'm here for the Alexa ranking and to get my content out there, but now I'm wondering if this will implode. I've lost two other platforms in the past. People have to have faith to keep working on this and maintaining it.
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If the people at the top, and I believe the top 20 or so accounts are valued over 1 mil currently even with Steem down, are holding, than I think they believe in it as well. Could we see a few accounts cashed in if the price of Steem doubles before the end of the year? Possibly, but again, I think a good percent of the people who really spend the time to contribute to this platform are looking more 1-2 years down the road. Also, 1-2 years down the road, in the crypto world is a super long term investment. Only time will tell for sure though..
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It's interesting looking at those at the top who didn't sell when it crashed last year, only for it to rebound and STILL not sell. I don't think they'd have any reason to power down at this point
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Just discovered your channel and like your video here. Saw another one as well and you seem to have a very rational view on things. I agree with you on many topics you address. On marketing: is indeed very welcome, especially since STINC now has 2 marketing guys you would expect some proper marketing plans getting in place and executed, but the community is left in the blind. On Steemit UI: it may very well be that STINC does not see the UI as its business, maybe they had in mind to launch Steem, add a service on top of it and then market the coin as a future payment coin or something with the blogging service as a field test tool and marketing tool for the coin and for that the UI does not have to be good at all. Since in marketing the rule is: Let others talk about you good or bad, that doesnt matter.
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The community itself is doing the marketing, which is nice, but if both sides of the platform were going full out then exponential growth naturally could be accelerated. But hey, good publicity or bad publicity.. in the end it all helps monetize.
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Well marketing also alines with product management, and I do not see proper product management. The look/feel of the Steemit UI is really dramatic and looks like if HTML was just invented. And what about adding revenue models to Steem and Steemit? Anyway, STINC marketeers probably spending their time to promote STINC at conferences, rather than supporting the creation of sustainable business models for Steem and Steemit.
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