Steem Faith / Are You Buying At 12 Cents?
Steemians,
How are you doing this blessed day? I hope your days are living up to your expectations and more.
In this video I do a thought experiment that is timely for this crypto bear market.
It's coming up to 2 years since I joined Steem, and back then I and others felt regret that we had not heard about Steem when the price was "so low". A week after joining, Steem sky-rocketed to the all time high.
Fast forward to today - how am I feeling? More importantly, how are you feeling?
Peace and Love ✌🏿
Adé
All copy and photos are original content by me.
© adetorrent.com
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I'm not buying I can't afford any investment but I am not selling mine either.. I will just keep on posting even if I do slowly, but mostly to keep updated the community of friends I made here. Also if people would now all buy insane ammounts of steem at a low price, wouldn't it be logic to think price will keep low, I don't think it's goign to make us all millionaries overnight... I never understood (apologies my ignorance) if there is a limited number of steem, if there is not, and we all jump to buy huge ammounts of it, wouldn't it make it even lower... sorry I'M an absolute ignorant of economics, It was not the reason I ended up in this place, have never even cashed out anything from it.
LOL. I'm trying to buy but I can't get money to the exchanges. Problems everywhere. Even my Wirex app has been 'updated' so now it doesn't work anymore, so I can't even use that to buy. Maybe the Universe is trying to tell me something. I think I'll just tak a breath and hold on to my money now. I've tried all day yesterday and today.
In terms of demand, the way it works is that for a limited amount of something, if the more people want to buy it, the higher the price will go. The sellers will see they have the choice, and will sell to the highest bidder.. so the effect is the average selling price will go up. If there are not enough buyers, then the sellers will get more eager to sell to anybody that is willing.. so they will lower the price accordingly. There are other factors too, but that's the simple concept of it. Hope that makes sense :)
My strong point was never economics as I said I came to steemit because it was another network to reach other people that were not anywhere else, of course making some money for it was welcome too but i never cashed out when it was high and I would not now as it took me so much effort to gather. So I use it as it maybe was intended, as my token in the community, though now it saddens me my vote is back to dust when I try to encourage others. LOL Well trying to write a post, only took me a month this time, but my computer is dying and need some investment in graphic card and such... been a bit discouraged of late, but well on it, already drafting. I released a song yesterday night but I was just too tired to finish the blog post right after.
I always hear positive words from you. My friends think wrong about the crypto when the price goes down. And as always there is panic on the market. What am I doing? In Poland it is said: I drink beer and watch the guests😀 Thank you for support!
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LOL. Don't stop drinking that great Polish beer my friend haha.
We can speculate abot the price a lot, because there is no way to determine value of the token that has no utility other than speculation, but i personally think that fair price for steem as it is today is in range of 1-2 cents.
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Wow.. really? That's terrible :) .
Nah, there is not such a thing as really, it's just my speculation, what else can you do :)
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woop-woop
$20
:D
Hi mate... I've had the se experience.. Only that I joined long before the price rocket but I never bought into steem before that.
With that being said I am very happy that I do have the chance to buy in at an insanely cheap price of 0.12 cents