A Few Thoughts About Steem mood and price
Why I think we are Okay:
It is easy to get discouraged when the price is down. It makes it even harder when activity slows with the price. My tiny little vote makes me as sad as it makes you. I was reading some comments on another blog tonight, the conversation was between a few Minnows who were talking about there being no money to be made here. This is not a great rich quick situation although there have been a few who have. There are few who mined or had great whale support in the early days, but many of us went through the posting with no response phase also. I've mentioned it a lot of times, but I made 95 posts that didn't earn enough to have a payout. They weren't all in a row and I admit, I did get the occasional large vote that is now harder to come by, but I didn't rocket to success and there are several other dolphins here who just ground it out with me. We posted and voted for each other and our accounts started to grow. We didn't quit and we kept posting and commenting. I think what some haven't experienced yet is how earnings grow with your account. Your own vote grows, your curation rewards grow and the number of people you interact with grows. It has an effect similar to compounding interest.
For me the value of Steem isn't today's price. I don't let myself get sad, oh I only got $5 on that post. I'm hoping the price of Steem goes up. I am more than hoping, I am investing. My money is in it, my time is in it and I'm going to do everything I can to help make it happen. We don't have any leadership, so in my opinion each and every one of us has to do something every day to improve the value of Steem. The people who got rich mining Bitcoin accumulated their stake while the price was low and mining was easier. They didn't get rich on the day Bitcoin was 16k, they got rich by staying in it when the price was low, their friends were gone and everyone thought Bitcoin was dead. Those who held and even grew their stake during that time are the ones who are sitting pretty as millionaires and Billionaires.
I have earned Steem at .07 cents and at 7 dollars, look in my wallet, can you tell which ones I earned at which price? Me either, but when the price was .07 cents I accumulated a lot more. The price only matters on the day you sell.
I do not think the low price is a reflection of Steem we are following the market, but it sure would be great if we began to pull away from the overall markets. We have an active community, we have people from all walks of life, mining Steem with their blogs, we have many flaws but I often think people forget to see our strengths. We are not Facebook and of course we can't compete with a product that has been on the market for 14 years. The first couple of years they couldn't even compete with Myspace.
The crypto markets go up and down and frankly crypto as a whole is NOT ready for mainstream adoption. We are not ready for mainstreet adoption, we may never compete with Facebook, but we will rise and fall with crypto prices and interest and I am going to continue to believe in the increasing value of Steem. I believe it will go up when the crypto markets create interest in activity.
I think we will be okay, and I am putting my money where my mouth is.
From here down is an old post I wanted to reshare:
The price was 7 cents, and I just kept posting. Dan and Ned were fighting, the community was toxic, the community blamed SteemIt, Inc, and Witnesses said the minnows were "Draining the Rewards". I just kept posting. Dan quit in a manner that triggered me so hard, I am barely over it now. I just kept posting. Many of my posts in the early days didn't earn enough to receive a payout, I got mad and yelled at the whales. I just kept posting. Earning Steem was painfully slow, and dealing with the community felt hard at times. I made some friends and some enemies. I just kept posting. Sometimes I took dumb positions on community topics, and I made people mad. Sometimes I embarrassed myself. I just kept posting. The reward pool was broken in a hardfork, many protested or left for a while. I just kept posting. The price went up after Dan left, there were mixed feelings and lots of debates. I just kept posting. At some point I hit 1000 SP. I just kept posting. At some point I hit 10,000 SP I just kept posting It adds up faster now I just keep posting. What will you do?@whatsup
I don't remember what the price of Steem was when I started, but I do remember a lot of people saying "It CAN'T go any lower!" and yet it did... all the way to 7 cents, as you know. Lots of low rewards posts... I may only have hand a handful of zeros, but tons between $.02 and $0.20. My next will no. 725. 11,750 comments left. 47,500 upvotes given. Just rounded 60,000 received, so I guess I'm doing OK.
I watch the overall sentiment and news in the crypto markets, but I don't obsess about the price of individual coins, day to day. Life's too short...
Beware: "It can't go any lower", I was just hoping I didn't say that. I don't think I did. On the day Dan quit I really thought everything I had done until then was a waste of time. That moment taught me to relax during the hard times.
You are one of those I was thinking of when I said those of us who stayed and just ground it out are doing okay now. Of course, I wish we were doing even better. I'm fine where we are now.
PS. I hadn't seen you in a few days, of course I've been busy and on less, so it is good to see you.
The overall sentiment in the crypto markets is very cautious... and there's a weird dynamic, at the best of times. When BTC goes down, most alt. coins sink in sympathy. When BTC goes up, people sell alt. coins to buy BTC, so alt. coins go down.
I'm not here less because I've soured on Steemit, just because I have a lot of other stuff on my plate, PLUS we have a friend's 13-year old daughter staying which eats time.
I am so glad to hear you have been around less due to real life things and not from losing interest. I always worry more about those who are quiet and don't do a lot of complaining. They just fade away when they leave.
Ohhh.. 13 year old girls are fun and sometimes not.
Periods like these are great for accumulation!
Steem on!
After one year, I am glad I did not have to make the choices that the early adopters did. I think I have had it pretty easy earning and growing so far. I did not have the worries of an early "investor" or "miner". I did not have to worry about the price of steem. I still do not need to worry about the price of steem.
With the help of two wonderful individuals my account has recently had a growth spurt, I am hoping in two years from now to be at the dolphin level, I will be here to see if I make it. The first six months was pretty tough, not a lot of support from anywhere for new users. That has changed greatly. The focus is not so price and reward pool centric right now, it is on engagement and retention of users, and helping them grow their accounts.
Yes for some it is all about the price of steem, for others it is all about the post and the votes. And for the majority it is a combo of everything, the vote, the comment, the steem the sbd's, and the social side of it all. When steem has that strong middle class as one dolphin builder calls it, then everyone's value will grow, and steem will be able to step in to mainstream acceptance.
This one pill will get your tiny vote enormous , girls will love it !!
hahaha
let me check first , this pill only works on dudes ,
you a brosef or a sista gal ?
I think someday investors will arrive. The users may have to come first though.
Truth be told it is definitely a lot more difficult than it was to grow. But there is one thing you said that we all need to have at the back of our minds -THIS IS NOT A GET RICH QUICK SCHEME. I don't care how long it takes, I will definitely get there. 500SP is next
I'm comming up on 300 sp my self soon. When I was still in delegation at the beginning I thought I'd never climb out of it. Then I thought I'd never hit 100..... Then 200.... I'm right behind you🤣🤣
Keep it up!
Hehehe...I'll race you to it
Lets goooo!
500 SP is a big deal, somewhere around there you get a slider and curation rewards begin to take effect! I love the attitude.
So much this. I know I have a long way to go to duplicate the success you and many others have achieved here, but every month it does get stronger the efforts I put in here. Many whom I started of with now gone, a few have drifted our separate ways and then the mainstays who you know are always going to keep grinding it out with you.
Thanks for sharing your path to success here, as well as your older post. There is a lot of truth to the idea that determination and plodding forward even when the results are minuscule often will lead to great things.
But aren't you now living in a caravan park because you can't afford to buy food?
Ha! Nope, but if that were my story, I would be damn proud of it. Holding and living in the caravan park, that's the stuff men are made of.
I 100% agree. I've learned my lesson. I shoulda stayed with Steemit after my first post, 4 months ago. I coulda grown my SP in those 3 months of absence. And I woulda been a bigger fish by now.
Shoulda. Woulda. Coulda. Yeah, I don't want to go through that again. So, I'll just keep posting. And try to improve my writing along the way.
Why is it not ready for mainstream adoption? Aww man.
Guess I need my patience pants..lol
Joy
It's still too difficult for mainstream. Internet technology and even computers did not get adopted by mainstream until they added Interfaces which allowed users of various skill levels to use them. I feel crypto will be the same.
That was so true for me with computers! My first was a macbook pro about 10 years ago. It was easy. Before that i played around on computers here and there but it was not easy and not really any fun. I hadn't thought of the comparison to crypto. Right now it's not easy and not really fun in many ways for the less experienced like me. When it gets easier in every way for everyone that will be exciting