RE: Steem Price Plunging & Why I’m Happy About It : Because of Steemit’s Secret Future Business Model You/We Don’t See or Know About
You are so right to be buying in, however I feel steem has more fall before it begins its climb back.
Personally I know nothing ; except the Stock Market is simply government licenced ponzi trading, there is no real risk to reward ratio in Stocks. Money is made my market makers via insider trading...
Insider Traders get such lengthy prison sentences simply because they got caught, made the system look rigged and discouraged smaller investors. I myself would loose in such a system.
But it can pretend I am a Wall Street Banker or Stock Broker with my Monopoly money as cryptocurrency. Currently " she who must be obeyed, but not listened to " says Steemit is all ' smoke and mirrors ' because I refuse to turn my Steem sales I made into BTC and then into real cold hard cash and give said real money to her. . .
In my defence, I see it as a pointless money activity to turn the five steem I sold into US$4.75 hard cash. If I could now I would start buying steem even if just to poke sticks at the fiat flat currency markets...
As I said steem will fall a bit further yet before it begins a solid reliable long term upward climb. Of course I cannot be wrong ; even if I am wrong all I have lost is some ' free ' time, and dreamedof a brave new world that is far removed from the fear, propaganda and marketing that runs most of society today : (
/ hugz ; )