As Bitcoin price goes up, Steem is sold down...
Keeping a watch on Coinmarketcap in the hop that Steem would pump with the rest of the altcoins.
Of course not. Steem price continues to lose against BTC. 
Keeping a watch on Coinmarketcap in the hop that Steem would pump with the rest of the altcoins.
Of course not. Steem price continues to lose against BTC.
I up-voted, because it is no Bullshit. Ethereum, Eos, XRP, OMG all have regenerated in Price. Steem has lost relative to last Month (in a fucking Bullrun!).
Still, over 50% comes from Upbit, an exchange accused for spoofing and fake volume (Article in The Korean Times), uupps.
People are leaving, established users are leaving, when you keep accusing them for being idots and FUDsters you will end alone with a bunch of tokens nobody uses. If price has moved up ... why is there not more activity on Steemit?
yeah, we have reached another low of 3.200-3.300 daily active users. Minus the multiple accounts, minus the bots ...
Steemit (the central dAPP of the Steem ecosystem) needs some reformation. Obviously, there is no alternative, Busy is not existing at all.
"When your stock went up 30% this day, you shouldn't feel 30% smarter" - Jeff Bezos
If there are only 3000 or so active users where is all the rewards going? It's surely not going to most of us who are posting. And that highlights the problem. Active engagement with the platform is not being rewarded. Bots and speculators are taking the rewards to such an extent that only 3000 or so active accounts are here and how many of those are bots?
I guess someone with more analytic skill than me can investigate why the economy is so broken.
Steem seems to lag. Hopefully we’ll catch up soon!
According to the charts Steem offers a long term negative ROI. This has to be fixed and if the development team can't figure that out then they'll just have less and less income to work with for this project.
People who do care about this project and ecosystem know this has to change. Steem must offer at minimum a positive ROI in USD and ideally a positive ROI in BTC as well. It offers neither at this moment which is why it's falling down the ranking.
Even taking into discounting 2016, STEEM has been losing against BTC in the long term when it comes to token price. But what about market cap?
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The market cap isn't at all time high or growing either. Look at Steem ROI.
Very few chains have market caps anywhere near ATHs right now. (I've answered your point wrt Steem ROI elsewhere).
What I'm saying is that because of the larger inflation rate, especially in 2016 when it was 100% annually, market cap is a better metric than coin price.
Like nearly every other altcoin. STEEM is up over6%. Bitcoin jumped about 8%. Why write bullshit like that? Who upvotes this?
0.00004836 BTC (-2.60%)
Only it's not up. If you look at the image you see it's down. Go check the price and see.
Sure you can fool some people by tricking them into losing their BTC to you by telling them "Steem is up in USD" but come on. Everyone who does math can see BTC is really what went up and people simply are selling Steem for BTC as it happens.
If you sell all your Steem and hold BTC you probably will get better ROI which is why that is the current trend. What we need to see is the BTC price of Steem going up. If this never happens then Steem has only offered a negative ROI for it's long term investors. Who will keep buying Steem?
Both are up in dollars. It means that more fiat or other cryptos are flowing into STEEM than is flowing out. Nearly every altcoin is losing against BTC at this time. Why single out STEEM? And are you not at all aware of how BTC and alts have moved wrt each other in the past? There is no need for “arewethereyets” like this.
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I knew you would use "But every other token is failing!". Like I said, I'm not accept these excuses.
Steem isn't just any other token.
I didn't say that.
It's largely because of the near total lack of marketing. There is so much FUD and outright ignorance there. You're not helping.
I'm helping because something needs to be done and I don't think it's just marketing. Sure Tron has better marketing but explain some of those other tokens which are doing better and have no marketing?
By drawing attention to the current metrics we can build demand to do something about these failing metrics. This is equal to the shareholders of Tesla complaining about the stock price.
I think we should appreciate what's being done by teams other than Steemit Inc. That stuff has been flying totally under the radar in the crypto space in general.
What really ticked me off about your criticism was that you didn't flesh it out at all in your post. There has been so much of that and so many people pointing out the poor price action. It hasn't been too helpful. Only the financial crisis of Steemit Inc forced them to hire someone else as CEO than Ned, which has been big relief. Ned was really trying to fill boots too large for him.
What I think should be done is direct the marketing of Steem at developers interested in creating DApps. Steem has no direct fees for users or DApps and it's got a three second block processing time. It's relatively simple to develop on. It's got 40,000 people using it on a daily basis. It's got more traffic than any other chain out there, which is in stark contrast with its low market cap.
Have you ever talked to people in the space outside of Steem? They generally either know nothing about it or labor under various misconceptions or have outdated information. There is a huge information gap to fill.
Who is going to use the dAPPs and how does this fix the broken economy? I see problems which more apps will not solve.
Apps are great. I spend a lot of time playing with Drugwars for example.
But playing Drugwars doesn't necessarily help increase the price of Steem in some direct way. And even if somehow it could create demand for Steem we still have the problem of the main interface to Steem being completely defunct.
Even if my post didn't come out right my intentions are positive.
Don't worry about @dana-edwards.. he (or she) might be one of the people who bought high - my average is $0.36 USD per Steem and all of this was expected. You can check my family's holdings here: @chrisrice @emafe @emaferice @zaclucasrice @abello @renz.rubio
I predicted the crash in Steem, the crash in Bitcoin, and the current surge in Bitcoin before it happened @markkujantunen. All of my predictions are recorded on the Steem blockchain and all the ones I posted on my website have come true so far minus the return of the bull market in Steem. But I actually think it has already happened with a major boost coming from @dollarvigilante this May 27th.
@dollarvigilante is the number one source for crypto analysis, he has over 220,000 subscribers on YouTube who are all crypto enthusiasts and see what he has to say about Steem and Facebook's upcoming "Global Coin":
I am not a licensed financial advisor so this is not investment or professional advice of any kind but I personally think we will see a gain of x 100 to x 200 in the price of Steem over the next 3 to 24 months, especially if Bitcoin increases in value x 10 or 20 this time.
If you check Steem during the previous Bitcoin bull run, Steem outperformed Bitcoin in terms of percentage gain and I think it will again. If @dana-edwards wants to bash any blockchain he (she) should bash Etherum, not Steem.
Etherum has a $25 Billion USD market cap while Steem only has a $200 million USD market cap. If you want to see their performance, check the top Dapps on Dapp.com and StateoftheDapps.com ... Steem is the leader :)
If you want to join our FB group chat, visit:
You don't have to be from the Philippines to join . . .
I believe we'll see STEEM peaking at about $20-$30 at the end of the next crypto bull run. BTC will peak at about $100k-$200k. The STEEM pump will be relatively short lived like always. (Not professional advice.)
What will happen if Microsoft lauches a Facebook killer and YouTube killer on the Steem blockchain in the middle of this bull run @markkujantunen?
Would you adjust your forecast or would it remain in place?
P.S. 100 x the recent low of $0.20's USD would be $20's USD but it is possible that Steem will reach $40 USD + depending on who launches on the Steem blockchain.
It is easy to say Steem could be $20-$30 when BTC is $100-$200 but what is the actual price in BTC for Steem when that happens?
Why not simply sell the Steem right now, get BTC, and have a much higher probability of getting that? I just don't see how your argument would make me not sell Steem for BTC.
Now take a look at another project, which doesn't even have a finished product ready yet and see the ROI.
Some of us are tired of the excuses. No it's not true that all other crypto projects are going down or being sold off during the bull run. Some of course do better than others but for the most part we see upward price movement over time. Steem on the other hand has just gone down, down, down, when is the last time we saw a true Steem bull run? 2016? 2017?
Something is clearly wrong with the code, the economy, there is something wrong with Steem for the statistics to be this disappointing. We need to let the community know something is wrong so developers can feel the urgency to make the changes.
Isn’t this the case every time btc goes up steem goes down? and other coins seem more interesting to buy from speculative point of view.
I guess the bright side is at least BTC is going up a bit :/
The punishment for loyal Steem bagholders is to see every other crypto token go up while Steem sinks? Terrible. I hope something is done to change this before it's too late.
Steem used to be in the top 10.