Stop Looking at Selling STEEM as Being "Bad" for STEEM and Steem
Here I thought that people would be allowed to buy and sell crypto, and not be seen as doing something "bad" or "harmful" for selling it.
Source
For those that view it as a "negative", why is that? What, do you think the purpose of crypto or STEEM is to hold onto it, and never sell it? Is that why people buy it in the first place, to never sell it? LOL.
Do you realize that when someone successfully sells it, someone else is buying it?
Is the problem the downward pressure?
I say let anyone who wants to sell their STEEM to go right ahead. We need to stop focusing on the loss of value of STEEM just because people are selling it. Sure, people buying is good. That makes the price go up more and more as more people buy from others who are selling. But you see, others are selling for someone to buy. There is always selling anyways.
The difference is that when people really want to buy, they will buy at the high end that others are asking for, making the price go up. When people want to dump it, they will sell it at the low end for whatever others are willing to pay for it. In either case, someone is going to own STEEM. The price isn't what matters.
As I mentioned earlier today, we need to get over our attachment to investors and the rich and letting anything "fly" on the blockchain in the name of money, just to let them make money in whatever way they want no matter how it affects the long-term success of the platform. So what if the rich whales or investors are dumping STEEM. That means the centralized power is leaving few hands and potentially getting into more hands.
If all the rich money-focused people sold off their stake/shares of STEEM, and put downward pressure on STEEM, then thousands of others could buy it for cheaper and bring more decentralization tothe power structure on the platform. That would be a very good thing.
We don't need the rich to keep their STEEM. Let them sell it off. Welcome it. Don't look at it as bad. Stop looking to the investors and large stakeholders as being necessary. Then maybe we won't be so focused on doing anything just for money to prevent people from selling their STEEM. If they can sell it, that means someone else owns it. If the rich holders sell it, that means it's going into someone else's pocket/wallet.
Would you prefer 40 rich whales on the platform with all the stake more centralized, or 400 or 4,000 or 40,000 people with that stake more decentralized instead?
Thank you for your time and attention. Peace.
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I sold off some ETH for Steem and locked it up :) The more people buy and lock the less supply there is. If demand rises then price rises too. Someone has to sell if someone is gonna buy! :)
I hope it works out for you ;) I'm a bit weary given how the money rules everything and removed rewards from posts for content they don't like, conflicting with their own ideology.
Hi@ krnel ,
You have very good points, currency should be disappointing as long as there are buyers. It's not just big whales that the sale Steem.
There are many who are in need of financial everyday life and they take out the profits to live in everyday life and they are happy when they can buy bread and milk for the profits they have received,
They don't have time to wait for higher prices when they need food
long ago I posted a comment with you
I have to agree, if no one sells, there is nothing to buy. And people that want to sell it now, more power to them.
Yeah, why not, make it lower and easier for the rest of us to buy ;)
Good point. Money or Steem need to circulate. That's the whole point of currency.
Yup. Gotta sell it for others to buy ;)
Absolutely agree in both posts. Nobody can buy if nobody sells. Those who want to promote a price increase by reducing Steem's supply show that they are not interested in the project and that they only want to speculate with the price to sell.
The price increase must be organic, established by the market and not by the people who buy or sell based only on the price.
Yup, let them get out. Easier for us to get in when they sell cheaper and cheaper ;)
Agreed. If there is selling- there is buying by default. I would love for some of the whales who are only here to enrich themselves to sell all their Steem. And with the low prices, even I was able to buy some. Yay!!!
Posted using Partiko iOS
Yup, please sell all your steem you rich bitches lol
Who's selling? If it's the whales selling, let them do it. We can't have decentralisation with them holding almost every bit of Steem.
If it's the little guy selling, that's a stupid move. Don't let the whales buy it from you at these prices. Wait for it... And make 'em pay! 😂
STEEMIT INC is selling it, people dont like that move thats why fuss is around, its company behind steemit.com.
I don't like that they have so much. Let them dump. The more it goes down, the more I'll buy.
I don't know who. We see powerdowns and moving to exchanges, bu that doesn't mean their selling yet...
You are right, authenticity is what people want. As much as we cheer about hodl , we know it's the product, concepts, and ease of use that sells. Peace bro 😁
Posted using Partiko Android
We only want to hold to sell later lol
We;ve been trained to be capitalists, trained not to think about the longevity of the product, but just about making a profit.
It's kinda funny...
Creating a stigma to selling, but not to buying...but there would be no buyers if there wasn't any sellers.
but....but...but...
Maybe steem would be more successful if we all just never did anything?
lol
yeah, it's ignorant of how there is a need for sellers for buying to happen...
It depends... If we have the true decentralization, those who earn 0.1$ will start earning 1-2$ and it's good for them, but still, it's a low amount of money. However, if decentralization is complete, forget about Utopian and similar projects that actually generate something valuable that requires serious payouts.
What is the solution - there isn't the problem to begin with.
The problem/question is how to make content/product valuable enough so it can generate some sort of $ revenue (ads, services, patrons...).
Our comparative advantage? We can back it up a bit with crypto.
Apart from ads or an actual product, what can bring people to buy crypto to spend on those things? You need users for ads to matter. And products or services, they need to be better or something new than what else is out there for fiat?