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RE: Bullish or bearish on STEEM?
"I’ve only ever invested with money I can afford to lose"
This is the investing tip that most investors miss, but good gamblers understand. Investing today is a gamble. Do we always BTFD?
I think the trend is in steem is positive (otherwise I wouldn't have joined today), and I think among cryptos it's a solid choice. I concur with your assessment that nobody knows what seem is going to do, because nobody knows what the 7 billion people on this planet are going to do.
Great analysis. thanks.
Buying The Dip is fine, unless/ until the coin doesn't recover or takes longer to recover than expected or dips futher. That's why I buy in with a view to buying more if it does dip again. And also being prepared to ride it out for a year to 18 months if needs be. Or even lose it. That's the game we're playing, in my view.
Another issue (particular to Steemit), is that people look at the Estimated Account Value in their wallet and think it means something. It means nothing as we can only withdraw 104th of it weekly.
You're right to say that STEEM is a solid choice among the current crop of cryptos. For its drawbacks, its very innovative and in Steemit it has a great means of on-boarding users who have no real interest in crypto. Making it undervalued relative to those currencies around it IMO.
My BTFD comment was tounge in cheek. That behavior can't/won't last forever. My poor attempt at on-line satire. I feel the same on riding this thing out. It doesn't seem like its going to die anytime soon, as long as the user-generated content continues to pour in...and improve. I think that's the case. I'm hoping they can implement some sort of video hosting, so we don't even need imbedded you-tube vids.
I'm still in steem infancy mode, so I don't even look at the wallet value yet. I'm here because I like the content on this social media site, more so relative to facebook/twitter/etc.. I plan on powering up a majority of my wallet from the way I read into how that works.
Also agree on the fact that steemit is innovative, and can on-board users without capital investment, and people who don't care about or understand crypto-currencies.
Great conversation. thanks