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RE: Opinion Outpost: Why do you think the value of Steem decreased?
Part of it would be sell offs from people looking for quick money. Whales who just delegate and sell. Currently I would say that they all get their value from the perception of bitcoin on any given day.
In the long term though the value should reflect its uses so coins like steem have a big advantage going forward. So now is the time to be powering up accounts looking at the long term picture.
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True. Some authors have said the same thing and I've seen many who invested and bought steem to power their accounts.
Well I think that this might be the best chance a person has to buy more steem if that is their plan. You can still earn it organically but it's easier when you already have some and if the value rises it will be profitable regardless.
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Yes it's easier when you already have some or if you can invest some but it's fine to earn it organically. However, it'll be a long run as the steem's value has been decreasing on and off.
Like other authors say, it's a good opportunity to invest and buy some steem. I hope it'll get higher before the month ends. I think the Steemit platform has to have a 'make-over' of what has to be in it, some restrictions (programmed) to avoid abuse and unnecessary actions and postings in the platform.
The apps built on steem can help raising the value of steem, yes, but It would have probably been better if the Steemit platform itself has some feature updates as well. I mean, it's still a beta so the anticipations are everywhere.
I think in the long run that most people won't be using steemit as a site itself. I see most people logging in through a separate interface as steemit gets blocked up with more posts from the different applications. What you will have is an interface like steempeak where you can filter out a lot of these posts and focus on the areas that you actually want.
Everthing I'm looking at is long term though 3 - 5 years. There are a lot of improvement that can be made to steemit I'm just not sure if they will be needed.
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