The sky is falling. Or is it?

in #blog6 years ago



First of all the sky isn’t falling.



It doesn’t matter what the media are saying or what the prices are showing, the sky isn’t falling. Now obviously the markets have taken a sever hit after xmas and another one in the past few weeks but the run that happened all through last autumn and up to xmas was madness. Even the worst of shitcoins were jumping up a few hundred percent without a product or idea to show for it. There were hundreds of ICO’s for coins that should never have been created and were never going to last.

Therefore what we have here is shaking out the crap. And what happens after that, we are left with the good. The coins with a purpose or a product to show for it. I firmly believe that in the long run those coins will be very successful and valuable for the people who are holding them.


Take the opportunity.


I’ve seen for so long people commenting on the site about how high the price of steem was and if only they could have bought it cheap and become a whale. Those days are gone. The whales are there because they were here before anybody else and have been using the site longer and better than those who came after.

We will never see those prices of 1c again as the product has become too valuable for that. If I saw the prices dropping to 10c I would be buying thousands as would a lot of other people preventing them from reaching that low. However, seeing the price drop to 80c during the week did tempt me to pick up a few more steem.

The whole market has taken a hit not just steem. It’s not saying that the blockchain we are operating on is bad, in fact it’s one of the best but that the whole market took a dive and we had to go with it. With the news this week that SMT’s have a launch date for next year and hardfork 20 in September, we can see that there is work going on behind the scenes. This gives me a lot of optimism for the next 12 months now that we will be sorting the sign up process and delivering steem based tokens. If I see the announcement for setting up communities it will all tie up into one big lovely bundle.

Combine all these factors and I think that 80c cent steem is the big opportunity that people were complaining they missed. When prices are pushing $10 and I firmly believe that they will at some stage, you will have a whole new generation of steemians complaining that they never got to buy steem at 80c and become dolphins.




Rewards fund is there to be earned.


One of the hidden opportunities in the price crash is the amount of posts being produced right now. @penguinpablo is a useful account to follow as he puts up usage stats daily. Right now the amount of daily posts has dropped to around 110k per day including comments from over 200k in Feb/Mar when prices were between $2 - $4. People see the payout beside their post and only look at the dollar amount instead of thinking about how much steem the can earn from it.

Combine that with stats from the witness @dragonsrua who has the total rewards fund at 769k steem and it presents a huge opportunity to earn more steem. Now is the time to be increasing your activity as when the price goes back up the number of people competing for rewards will rise too. I’m not the most prolific poster on the site but even I can see the benefits of trying a bit harder and doing a bit more while the chance is there.

I love the site anyway but you have to take your opportunities while they are there or else you will be part of that group complaining in two years time.





https://www.mannabase.com/?ref=32ac53f8dc




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Yes crypto-market's falling Down falling down falling Down

Only for the moment. Just needs to pick itself back up.

It's gonna take quite a while, and many ppl gonna suffer during the crash

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