You are viewing a single comment's thread from:
RE: Finally Powering Down my Steem. Enough is Enough!
In the top 100 of Alt-coins there are now 20 coins at their all time low against bitcoin. Some of them looked very promising a year ago. 5-10 others are in the red zone. Big shake-out of the Alt-coins has begun? If this is so, how to determine if Steem is not one of those coins that will slowly dissapear?
- 14 Bitcoin SV
- 15 IOTA
- 17 Cosmos
- 18 Ethereum Classic
- 24 Zcash
- 27 VeChain
- 33 Qtum
- 43 Bitcoin Diamond
- 44 ICON
- 47 Zilliqa
- 50 Bittorrent
- 51 Pundi X
- 62 Steem
- 72 Status
- 83 Project Pai
- 84 Aion
- 91 aelf
- 94 Populous
- 97 Elastos
- 99 Orbs
Short answer, we don't have any way to know that it won't be one of the losers. More nuanced answer (suggestion), weigh what fundamentals you can gather, compare and contrast what Steem has to its competitors and determine for yourself whether it deserves to be in its current position. Invest or speculate accordingly.
I've always been a diversify your portfolio type of dude (you could even say a conservative speculative investor), so this under-performance of Steem hasn't really been of much concern to me, especially since I've been heavily hedging my position in EOS, which has been performing relatively well.
Very simple. When the Flagship product, Steemit, is not able to create a solid base of users even by paying them - you realize how wrong that is.
It would be the same as to be rejected by a prostitute. Man... There must be something very, very wrong in that case