I Hope Steem is 14 cents in December. (Long-Game)
Do you think I want to be hodling all this Litecoin?
Hell no, buy me some more Steem.
- We have a social media foundation.
- 3 second blocks... yada yada yada
I want to build dapps here.
Swing trading all Litecoin into Steem.
So yeah it sure would be nice if the price stayed dirt cheap until then, possibly even sliding down the market cap. That would benefit me.
Need as much Steem as possible.
As a dapp developer in a decentralized landscape, many of the gains to be made get captured in whole by the network. This gives no one any financial incentive to create the product in the first place.
With crypto this no longer the case. The more stake you have, the more you benefit from those fundamental gains to the network. This is how the open-source economy will begin to scale; synergy by incentivizing "needs-of-the-many" projects that have no direct benefit to the creator other than stake in the underlying currency. This is exactly how Steemit Incorporated operates.
Combine this with Steem's ability to fund projects simply by liking posts on a social media site, and you really have something. I suppose we also can't ignore the EIP. Getting funding on Steem to bring value to the network is shaping into one of the best projects I've seen in the space. There's obviously a lot of debris to clear but the path is visible.
Conclusion
There are a lot of jaded community members here. A lot of people have been burned and we've been suffering through the bear market longer than a lot of other networks. Lot's of people think Steem can die and that we'll just keep bleeding out forever.
However, it's prudent to note that Steem has liquidity issues in both directions. When SBD > $1 inflation to the Steem network is cut in half. When we print too many SBD, Steem gets flooded after SBD drops below a dollar.
Once Steem liquidity is gone... it's gone. When everyone thinks Steem is in a bull market millions of coins are going to be powered up from the exchanges
Can you imagine the demand for Steem going up but the number of coins on the exchanges going down? Well, with our crazy economy where you stake coins to generate more inflation, it looks a lot better in a bull market. We create a lot of fishtails in this way, and we are about to swing back hard. However....
If Steem whales want to keep dumping on the market at these prices and suppress a bull market... let them. They're gonna do it sooner or later. Might as well be now.
In my eyes this would make the network more decentralized and secure. I'm playing the long game.
The fluctuations in the markets are wild right now for sure. I’d like, selfishly, for Steem to jump up to close to 1$ when the market goes up. That way I can get a shitload of Steem monsters packs lol.
I was hoping for the $46 Litecoin you were envisioning but I don’t know if it will happen at this point. I swung my Litecoin reserves into bitcoin recently to hopefully maximize, sell and then repeat the cycle again when the market swings back down.
I’m hoping to get to dolphin in the next couple weeks, depending what I’m feeling financially.
Yes! All those summoners can finally be level 8!
I’m shouting for level 5 never mind level 8 lol
There are only 100M tokens out there in liquid form. This sounds like a lot but people do not understand the demand that will be placed upon STEEM when SMTs and the RC Pool is introduced.
SP is what allows for activity. Someone is going to have to get the RC Pool full via SP....will it be apps, individuals, or investors? The truth it doesnt matter since someone is going to provide the ability to operate on the blockchain.
Just breaking down the numbers shows how few users are needed overall to cause a massive rush for STEEM.
The ones who got frustrated and left are going to feel it in the end. I think 2020 is really going to separate a lot of the blockchains that are developing something from those that are hype.
If a million people wanted 100 coins... never gonna happen.
Yeah and it gets even harder when you consider that the existing STEEM holders are not going to pull back. Their sites are set much higher meaning those 1M newer people are going to have to tussle it out with the existing hodlers.
It amazes me that people cannot see how glaring this concept is. The numbers simply get absurd when you think about it.
Hopefully the Leo token is 1-1 or higher in December. :) lol
It doesn't seem like Steem is going anywhere so I think you should be able to keep buying it up for "cheap" if that's what you want to do.
When Steem liquidity runs dry it will be gone for over a year. No worries. The whales will start gambling again soon™ instead of dumping.
I know and understand your view, which is also mine...
But I'm afraid that the "long game" is going to take ages if the so-called "dumpers" do not give a chance for the investors to come.
Remember, we need also investors here and watching STEEM Bad-performing while the rest are doing great now it is not the best attractive way IMO.
That's why I cannot understand why some big whales as the main blochain developers are behaving right now... It is indeed a centralized control of the price.
Nevertheless, I hope they have a plan for the future on what regards Marketing/promotion and Business and not only selling tokens just for peanuts.
Having said that, I have to recognize that it is the best time to buy STEEM if you have the money available and know the power and potential of this blockchain.
Dam your hard, but transparent and it makes sense to get the dumping out of the way to allow others to buy and start accumulating, as it’s someone else’s turn to take risk here...
Plus as you say, those playing the long game are accumulating at this point and potentially others on the price chart.
As long as it is > $.50 in January, that works for me! :)
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