The Surprising Rise Of STEEM
If you follow me for more than 24 hours, then you know I really love numbers. Numbers have this ability to "keep cool" even in extreme conditions. During a hurricane, 1 + 1 will still make 2. But we, humans, we kinda get scared during a hurricane and we call this situation: "getting emotional".
Now, don't get me wrong, it's very healthy to get emotional during a hurricane, because, being scared and all, you'll look for shelter and, most likely, this will save your life.
But we humans, we're not very good at assessing situations, so we're often scared when we really shouldn't.
Not everything that looks like a hurricane is actually a hurricane.
Like, for instance, during the last 2 days of a sharply bearish market. In just 2 days, Bitcoin lost almost 30% of its value. The entire market was in red. Blood on the streets. The bubble popping. The end of the world.
Or was it?
Hmm, let's look at the numbers. Because they keep being correct even during hurricanes.
Exactly one year ago, Bitcoin was trading at $872.5 and STEEM, exactly one year ago, was trading at $0.16.
Now, today, Bitcoin is trading at $12,038 and STEEM at $4.43.
In other words, Bitcoin grew 13.79 times.
But STEEM grew 27.68 times.
During the last 365 days, the growth of STEEM, compared with the growth of Bitcoin, in USD, was two times higher. However big was Bitcoin's growth, STEEM just doubled that!
Let that sink in for a moment.
If you want to verify these numbers, please be my guest, try Coinmarketcap, that's from where I got them.
So, next time the weather gets nasty in the cryptoland, look at the numbers first and get scared only - and only - if they are really bad.
If they're not - and in our case, they're clearly not - just grab some chips and tomato sauce.
You know, for the dip...
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Based on my numbers derived from similar 2013-4 dynamics we are heading for much drama ahead.
We saw not the last episode of the show.
Cheers, everyone, keep calm and reasonable.
Steem is getting recognition but it is still very disheartening that only four exchanges accept steem til today. For steem price to explode like bitcoin, this must be accepted by exchanges on a large scale.
This week has probably been very scary for people who put more money in crypto then they should have.
Nearly every coin/token on coinmarketcap was deep in the red numbers.
Too be honest. With all the arguing about the reward pool and the voting bots. I'm still about worried about Steem in the near future.
But based on the good tech and the (forming) community. Steem has a decent change of being on of the few coins to survive in the long term.
I still haven't got used to your new footer, but it is looking better in my opinion and some of the posts in the old footer weren't pretty updated as mining for Steem I guess :)
Well: Keep calm and trust the numbers!
it actually was updated, in the sense that I was explaining that mining is not possible now (it probably will be, in the next hardfork, but only for account creation). But thanks :)
I didn't noticed that you were saying that mining is not possible now, I guess I was focusing only on how to do it :))
I thought about it and you could do an article containing references to all of the important articles and guides, and you could leave a link to this new article in your updated footer. In this way tou can still keep the references of the important articles and it will not take that much space. This would be my suggestion but I guess it would be helpful :D
That's nice, thanks, will think about it :)
That's a great observation, however, I believe STEEM has potential to rise faster than its top peers since its top events/upgrades are still ahead- millions of users with easy signup, community in next HF and then SMT. However, that panic actually depends the investor who bought it at what price. For example, someone who bought STEEM at 10c, he is still up 4000% up, for somebody who bought at $1, he should not be sad, since it is still 400% higher but for somebody who bought at $6 or even $8, they may feel little bit uneasy. However, STEEM has much more potential to go beyond $10, or $40 even $100, some reputed investors (@stephenkendal, @taskmaster4450, @cryptoctopus ) think it can go beyond even $1000.
I feel better now...
when the price of steem began it's decline below $5...I begin to buy.
$100 at a time...all the way down..down..down...
I spent a couple of K or more..
as community grows..STEEM will also rise and reflect this :)
Hopefully..
@dragosroua WOW, Think about that Folks STEEM outperformed Bitcoin in the last Year by almost TWICE as Much !!!!!
It has been an emotional rollercoaster for the past couple of days but now I think the ride is over and we can open our seatbelts
I wouldn't ever open my seatbelt while riding on the cryptowave. :) It can always surprise you...
very helpful mate,, thnx
The numbers have no emotions and can help To keep one calm
I noticed that this big drop has been common for this time every year for a few years now and everything climbs out of it so I was sitting back and watching the waves
Get some pop-corn too, if you can, JJ! ;)
Lol good idea
😏