what i want to see is less shallow discussion about why steem will go up, but rather why the price of steem has dropped to 0.85. And what needs to happen to reach higher.
what i want to see is less shallow discussion about why steem will go up, but rather why the price of steem has dropped to 0.85. And what needs to happen to reach higher.
There is already a lot happening right now. You will see the effects next year. But first, the weak hands need to leave the boot, so that a reversal in sentiment is possible.
Just saying that "theres a lot happening" doesnt mean anything to anyone. Its a bunch of fluff at the end of the day. If you want to get investors on board, your sales pitch needs to be stronger with real substance. I know why I am buying steem, but if everyone just nods and looks at each other saying "just wait till next year, were worth more" doesnt help anyone outside of the network. People from outside bringing in money is why the value of steem goes up. Its nothing to do with people who are inside the steem environment already.
You are right, we need more big money investors. But we are still such a small platform/community.
Let's say we are @ 450000 accounts (don't know the exact number right now)
If 0.1% of those accounts are big money investors (>200,000 STEEM) that is only 450 of them. Now double or triple that number in a year from now....
It is even less than what I expected, only 92 accounts are holding more than 200,000 STEEM. We are definately short ony big investors...
Big investors short STEEM is what I think you meant.
No, luckily you can't short STEEM. You can only buy and sell. Big investors are selling to buy back cheaper...
I meant that we don't have enough big money investors... We need more for constant growth
Oh that is lucky then. I think you will need both big investors (hodlers) and market makers (traders) and then STEEM can fly!
How we can do that is what should be spoken about publicly. That should be the focus on pro steem postings rather than "just invest!".
We need to put in real leg work to promote steemit in order to attract investors. Thats the toughest part. I am working on writing and shooting some content to promote the hardfork series to garner more public interest in the steem blockchain.
I upvote all of jerrybanfields ad campaign posts wih 100%. It is not enough but a great starting point for more advertising in the right direction, to people that actually care about social media and might already have a good following.
Because large operators can influence the price by overflooding the market with supply, depress people, spread FUD to then buy cheap when the average user lose confidence...right before a major announcement. Think like large operator, buy the fucking dip and you'll make money.
@cryptooctopus has it right and we already know what's coming in december. Hard Fork 20 with easy on boarding of new users, mobile app, and communities. Through on the start of APPICS and there's plenty of incentive to crash/buy.
I agree with @motoengineer, it was looking good right after the announcement of the token. There was a lot of excitement, then, in my opinion, some pumping, and dumping. I have no research, I'm just going by basic observation.