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RE: WEISS RATINGS - STEEM TO THE MOON! Up 30.00%!!!

in #announcement7 years ago (edited)

Firstly let me say this, "I hope steem goes to the moon". After all, that is what everyone in this community wants.

Now, let us start by keeping our feet on the ground. We are of course biased and want to read as much good news as possible surrounding steem, and why wouldn't we. However, that bias can lead us to cooing over the positive news and all but ignoring the negative stuff. We can hear what we want to hear and see what we want to see. Just take a look at the upvotes from the community on positive steem posts, compared to the more cautious posts around steem.

Apparently, this is Wiess's (or any agency's) first ever rating release on cryptos, and so they have no track record in this space to judge them on. For all we know, they may be totally off on their method of crypto profiling.

They are in a business, obviously to make money, by attracting clients who will sign up for their services. What better attraction than the lure of information on the new darling of the investment markets, cryptos. Of course this was a lucrative space to move into! On their very first grading, their servers crashed under the weight of the stampede for their rating grades.

I'm not saying that steem won't be the golden child of the crypto currencies. I'm just advising that we read all the street signs and not just those that make us feel good. Otherwise we could end up in a cul-de-sac!

The clearest time to make a decision on an investment, is before we purchase. Once we are in, fear, greed and hope can and will cloud our judgement.

Allow me to leave you with this quote regarding steem. As Buzz Lightyear would say with gusto "To infinity and beyond!"

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