Steem is falling, don't panic!

steevc (73) in steemit • 7 years ago (edited)

View this post on Hive: Steem is falling, don't panic!

Steem is no longer decentralised and may steal your funds. Use Hive instead.

7 years ago by steevc (73)

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jumowa (65) · 7 years ago

I dodnt have many sbd but I was happy to get some cheap steem. Still thousand times better than posting and making money for others. Id always trade that for being here, making some and give to others

fredrikaa (70) · 7 years ago

My only regret is that I used the 130 SBD I got from my introduction post to buy STEEM on Sunday while it was 50% more expensive :/

But here is what I would say:
"Be careful when celebrating success by a a rising price, or you risk thinking it's failing when price falls. Focus on developing."

So let us just spend the time we could have spent worrying, and staring at the exchange prices, creating good content and building an awesome community instead.

inber (75) · 7 years ago

I'm a bit worried about it, in fact. Hope soon at least steem dollar will be back to 1$ again.
By the way, dear @steevc, I'm sorry for off-topic, but I really don't know who else to ask. About steemit account recovery and the phrase there "Stolen Account Recovery can only be used on steemit.com if the account owner had perviously listed ‘Steemit’ as their account trustee and complied with Steemit’s Terms of Service."
May be you could please tell me what does it mean? I'm in no idea:(

steevc (73) · 7 years ago

I'm not too sure about that either. According to https://steemd.com/@inber your 'recovery account' is steem. Maybe that is okay. I'm sure someone will have documented this, but just be very careful with your passwords

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inber (75) · 7 years ago

Thank you for your time on response!:) I just can't understand what that means, and if I'll be able to do anything if something happens.

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steevc (73) · 7 years ago

There seems to be a lack of information about this. There's some on the FAQ, but I don't think it makes it much clearer. I hope someone can improve that, but I don't know enough about it

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inber (75) · 7 years ago

Thank you anyway!:)

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rebelmeow (59) · 7 years ago

I think it's just the nature of markets to correct after a big upswing. You don't see anything that goes up like an arrow forever. When something goes up a lot, it's best to take some profits and expect it to fall again. That way, it's much less painful when it does. A lot of the up and down in markets is due to human psychology and not to the underlying value of the investment.

skririm (52) · 7 years ago

I like what you said, very much, indeed, you made more money then on any other social media platform, but far more important: you had fun, you helped a lot of people and you learned interesting things from others, that's why I am here! Great post, thanks for sharing your insights with us! I remember steem being 24 cents, that's when I joined this amazing and amusing community! But 7 cent, wow, that must be a while from now! Keep up the good work! Glad to be one of your followers!

steevc (73) · 7 years ago

That low price was only in March. It can all change so quickly. It's x15 that now. My account went from hundreds of dollars to thousands. Imagine if it keeps going up like Bitcoin has!

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skririm (52) · 7 years ago

Indeed! This would be amazing for all of us, and for sure for the early adopters, and the early-early adopters, just like you 😉! But as I see it, Steemit is one of the more useful and nice blockchain-projects on the wild west of the crypto-space, so I think it will have a bright future!

trendo (58) · 7 years ago

Nothing to panic about really... we just have to wait until steem rises back again. We all know this is going to happen :)

progressivechef (76) · 7 years ago

That's an awesome move dear @steevec ! And like you said whatever happens afterwards '...but I'll have had a lot of fun. I'd have been blogging somewhere anyway and I've made lots of new friends here! ' Nice thoughts

yaan (59) · 7 years ago

Uncertainty about BTC hardfork and what will happen to crypto world.
Let's be strong and wait peps.

captaincanary (58) · 7 years ago

I think this crash is probably going to be quite bad for the price of Steem short to mid term... which is great because I'd like to buy more

anomiej (45) · 7 years ago (edited)

Yep, here it is, the n-th "death of cryptocurrencies". Interesting how speculators have no clue of what they're investing in.

erikaflynn (61) · 7 years ago

Really, why panic?! Use the opportunity to buy cheap STEEM.

hicmaster (52) · 7 years ago

@steevc Keep your great job

theblindsquirl (57) · 7 years ago

I am an optimist by nature

Until recently, I don't think I could have made that statement. But, I'm hopeful that the influx of new users can un-learn the spammy habits and learn to be better people.

caweyant (56) · 7 years ago

I'm definitely long on steem (and cryptocurrencies in general). I look at this as a buying opportunity.

vischangefitness (38) · 7 years ago

You mean i shouldnt panic and cash out immediately?! Lol yea they are all falling but i believe they'll rebound here shortly. A rush to judgement here could be a very bad thing.

joythewanderer (78) · 7 years ago

It's not always a bad thing when price is low.

sevinwilson (65) · 7 years ago (edited)

I think bringing others to the platform will definitely increase the demand for Steem! 100% Power Up is a great idea with the current prices!!!

creative-mind (52) · 7 years ago

Steem is falling. Its an opportunity for buyers :)

thatsnumberwang (62) · 7 years ago (edited)

The spike in interest for the search term 'Steemit' over the last two months is very encouraging also. I'm not a crypto trader so short term price fluctuations mean little to me.
https://trends.google.co.uk/trends/explore?q=steemit

Great post, followed.

steevc (73) · 7 years ago (edited)

There's definitely more interest, but Steemit needs more media coverage to go viral. Let's see if they can handle millions of users

BTW I like the user name :)

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edy.alka (59) · 7 years ago

It's time to buy steem

sophistryproof (44) · 7 years ago (edited)

I love your posts...so full of good information. Thanks, upvoted and resteemed.

steevc (73) · 7 years ago

Cheers

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steemvest17 (68) · 7 years ago

Thanks for this @steevc. You cool brother!

blazing (70) · 7 years ago

Hope it get up soon

steevc (73) · 7 years ago

It's stabilised for now whilst other coins are still falling. I'd hope it will rise again fairly soon, but it depends on how the market feels. Anyone with a spare million to invest?

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cityslicker (58) · 7 years ago

down fall comes to reach a newer heights.

diya28 (53) · 7 years ago

nice sharing , upvoted

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alainite (57) · 7 years ago

Nicely said :)

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johano (59) · 7 years ago

Good boy!

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digitalplayer (58) · 7 years ago

upVoted!!

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