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RE: IS IT GOOD TIME FOR ANOTHER CRYPTO BULL RUN ? Do we really need it now?
Dear @oivas
I actually do not want to imagine damage that could be done for Steemit if STEEM would reach USD 3.
That would most likely not end well.
Even right now new users struggle with low and very strict Resource Credit limitations. Could you imagine anyone paying 150 usd and powering up to 50 SP ... just to be able to "test" what this platform is about?
That could potentially be a real issue. I would love to hear your view.
Yours
Piotr
on one hand you are right, BUT the world cant wait until Steemit is ready, because Steemit is a very slow develpoment plattform as we all know from the past. Is Steemit ready in another 1 year for a bull run? This is a good question. It looks like still in the next year not.....
The new PAL Plattform comes out, good. BUT as you mentioned, the register Part ist still problemematic here.
So, Investors of crypto are not waiting till a single plattform is ready. I will not say, that another plattforms are fully ready, but they are near to...but steemit i far far way from it.
Dear @travelwithus
Thanks for dropping by and sharing your view but I've lost you here: BUT the world cant wait until Steemit is ready,
World would surely not wait for Steemit to be ready. I fail to see how would it be related to problem Im pointing out (that high price of STEEM with current Resource Credit algorythm would means slow death for this platform because of lack of new users).
Have a great weekend ahead,
Piotr
Solid point! PAL platform looks good but i don't really see the improvement?
You guys realize Steem’s all time high is like $8 right? That’s the point of earning and buying as much as possible at the current price. Eventually it will break $8 again and then in the correction it probably will land between $1 - $3. After 2021 bull run it’s unlikely to see sub $1 Steem again.
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Hi @jiujitsu
I think we all realize that 8$ was ATH, but that was before HF20 (hard fork 20) has been announced and Resouce Credits were introduced. At that time new users didn't have to deal with RC and crazy limitations.
Yours
Piotr
That has nothing to do with the speculation from FOMO noobs every 4 years. That’s a huge part of these bull runs, and most of them won’t have any idea what a hard fork is, or any of the issues that Steem faces. They will see social media crypto, it’s position on coin market cap, and it’s ATH of $8 and the % up, then they buy in.
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Appreciate your comment @jiujitsu