STEEM: current prices a dream or a nightmare?
The last time it took me 7 months to earn 20k Steempower.
This time around it only took me 2 months.
How?
Well I bought most of it.
And it's getting easier and easier with STEEM tanking the way it's doing right now.
I think it's bullshit and fantastic at the same time.
This blockchain is far superior than most and I'm buying.
But it's misunderstood.
And I'm starting to understand why.
I think many people are here to earn money and not to spend (invest) it.
Which makes sense because that's how the platform (Steemit.com) was always advertised and I guess still is.
"Your voice is worth something"
But truth be told.
I can no longer 100% advertise this platform to anyone as a platform where you can earn money to blog.
And even more truthful I don't want to.
The blockchain is changing.
I have seen it coming for a long time and have mentioned it in my blogs plenty of times.
I would now advertise it as a blockchain that will:
"Empower anyone to tokenise the web and implement a blockchain with ease."
Which is what is happening looking at the bigger picture and all the (working) projects developed on this chain.
But there is a problem.
This blockchain is not seen like this. YET.
Past events gave it a bad name in the crypto space that still haunts it today. (I recently read an article stating we still have a 100% inflation...for instance (not true = 8.8% currently)).
Now. The implementation of the blockchain with ease part works great already, all the projects use the Steem blockchain to either reward users, to fund their project or to prove digital ownership.
And there are so many of them!
We have live streaming and video hosting (dtube/dlive), Steepshot( instagram clone), Steem Monsters (game), Fundition (kickstarter clone for crypto), Partiko (mobile app), Appics, Busy.org and so many more see more.
It's truly wonderful.
The tokenisation through SMT's of these project is now what I'm waiting for.
And it will all be run by STEEM.
It's a recipe for success in my opinion yet we find ourselves in limbo for the next months until Smart media Tokens come out with a blockchain that is misunderstood.
Which offers opportunity.
When I invest in STEEM today I invest in more then just a token to reward content creators.
I'm investing because it will be needed to run the all the SMT's for the Dapps and it will be the only trading pair vs the SMT's.
I think it will be worth a lot more in the future.
And when you look at it like that current prices are a dream for me.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect
We are the creators of Steemify a notification app for your Steemit account for iOS.
Get it Here:
That is so true.
#steemians need to see the bigger picture.
Price is a factor for a short gain.
As a whole the apparatus for steem is what makes it moving.
Witnesses and steem power, pretty soon SMT.
Somehow you need to be strong somewhere.
Keep on postin'
I love that Steemit is becoming everything. I’m like you and hope to buy in even more and beef up my account. I fully believe that Steemit will have so many uses
Posted using Partiko iOS
I love your enthusiasm! Just remember Steem = the blockchain, STEEM = the token and Steemit.com just one of the awesome Dapps (like Dlive, Dtube, Steepshot) build on top of Steem.
When you don't have fiat it is nightmare.
Lol, Totally!
I predicted this was going to happen over a month ago. I mentioned Steem is not holding value. Maybe it's time developers consider changing the economics so that Steem is burned as fuel?
29 days ago you wrote here:
Can you point me to the article where you say Steem holds no value?
https://steemit.com/steem/@dana-edwards/steem-is-in-the-red-unprofitable-and-we-must-change-this
I've been saying for a while that Steem is losing value measured in BTC. In more than one post. The problem is that the economic model for Steem isn't profitable. So Steem Power isn't going to be attractive when it's leaking BTC value.
Many coins are losing value measured in BTC.
STEEM maybe more than most but then again I can offset the loss because STEEMPOWER allows me to generate more STEEM even though the price is going down and I cannot do that with my other investments.
With the release of HF20 soon and later SMT's Steempower will gain more use case and value far beyond a token to reward content.
I'm happy we now have release dates.
I think the current economic model works well for now but will be greatly improved upon with SMT's and resource credits.
I'm looking forward to the next 6 months. Much will become clear about where STEEM stands. I believe it will be pretty good and acting accordingly.
Just because Steem is failing among many it doesn't mean Steem is as successful as many. For years Steem has been using BTC value not just for the past 6 months. Only for small intervals (months here and there) has Steem been profitable in BTC.
If Steem cannot hold value as good as BTC why not just buy and hold BTC. No reason to go through the effort to acquire Steem. SMT will not get here until 2019 so we have a long wait.
They are a dream for me too @exyle. I wasn't able to buy at all until they dropped this low. Like you I am seeing them as an investment for the future. Same for Steem Monsters and Actifit. 😁
Maybe! a dolphin after all :)
Agree that steem has a good side and not so good one, @exyle, and that they have done a deceptive advertising! It is not easy. It is not to create content and already have money. It requires investment, not only money, but also time. And you only dedicate time to what you like, to what you think can offer you profit. I think it's worth betting on! A hug
It made sense when it was just Steemit.com but not anymore with the current roadmap. It doesn't mean that content creators will be left behind. SMT's will take over the reward roll.
Cheap Steem #dream. Now it is time to start buying again. If it drops more buy more, that is how it is.
If JUST STEEM was down this would be a nightmare... but almost ALL altcoins and even bitcoin has taken massive hits... I think this is a golden opportunity (not financial advice) to add more steem power to your account and continue earning more steem before the price jumps back up. Ask yourself, do you think steem will go above $1.00 again at some point in the future? If that answer is YES then I would buy as much as I can NOW when its this price... EVEN if it goes LOWER! Just my own opinion :)
I agree. It's how I see it too. I'm averaging in.
I was trying to explain to a group of people what blockchain was the other day and it was so easy to just show them Steemit. They might not be able to wrap their minds around the concept of blockchain, but they can wrap their heads around what Steemit is and what it does. Besides the social interaction, I think we all need to admit that on some level we are here for the income even if it is slight. Once you snag up the Steem at these crazy low prices, what do you see as being the best way to invest that in the block chain for a decent return? Especially if the rewards for actually creating content continue to decrease or become harder to come by?
that’s a really good point man. this is so much bigger than just a blogging platform now and like you mentioned...the apps and potential smt ‘s are the future.
myself. i’m thanking my lucky stars i can buy steem and power up cheap right now lol loving the discounts :)
Posted using Partiko iOS