Dear whales who sold 100Ks of Steem during bull market (Above $2), please buy back. There are millions of liquid Steem on sale. Similar to last all time low when @dan left, Steem is regrouping: @dan has cashed out his holding of 470K Steem.

There are 55.8M steem in the exchanges. Millions of them are for sell at below 40 cents. A whale with $500K can easily buy 2.25M steem, more holding than CEO of STINC, @ned.

Steem is in regrouping stage, similar to when @dan left officially during March, 2017. On that time Steem was trading at 0.00006-0.00008 BTC, similar to today's range.

Coincidently, @dan has cashed out his 470K Steem to @binance for final assault. However, Steem is in another regrouping stage. Community is taking more control of the stakes from STINC.

2 days ago Transfer 471204.869 STEEM to deepcrypto8 103083972

It is disheartening that thousands of people around the world mostly from developing countries have seen a revenue stream through Steem. It has fallen due to the greed, fear and ineptitude of the stakeholders largely greedy whales, @dan, @ned and STINC. However, as phoenix rises from ashes, Steem will rise again due to its strong community HODLers.

I am in crypto arena for more than 5 years. I have mined more than 6 BTC, 1000 LTC, 10 ETH, 1000 DASH, millions of DOGE and BCN. I have also bought 20 BTCs, 1000 LTC, 100 ETH etc. However, I lost most of them in day-trading and futures trading (OKcoin).

Finally, I find my love with Steem in June, 2017 though I have opened a Steemit account back in August 2016. Steem is a great project. Perhaps, it has the most number of viable products (MVP) and almost as usable as ETH. SMT will fulfil ERC20 token feature of ETH.

Unfortunately, due to ineptitude of @ned and STINC, a coin ranked just behind BTC and ETH, now ranked 53.

Fortunately, Steem has one of the largest community in the crypto-arena. Winning of @netcoins contest proved its prowess.

DOGE coin, though launched as a joke is thriving (ranked 21) due to community.

Community is taking control of Steem's future.

Here are couple of my thoughts to improve Steem's current standings:

1. Large holder of Steem and businesses should take control of Steemit.com such as @blocktrades or @buildteam. Whatever the price of Steem, they are making a profit from Steem ecosystem. They can easily bear the cost of few full nodes and Steemit.com domain. STINC should only focus on developments.

2. Whales who are savvy to sell few 100Ks of Steem during bull market and still loves Steem, please come back and buy few more millions to reduce the sell pressure. I wish I could have few BTC and LTC from my earlier mining and buying to take advantage of this low price.

3. DApp businesses should find their own business model to generate revenue to buy back their Tokens (e.g. SMTs). Otherwise those tokens will be worthless. For example, a Dapp with SMT can mimic crypto news website such as CCN or CoinTelegraph, earn Ad revenue through Adsense and buy back their tokens.

4. An independent dev team funded by the successful DApps (with revenue source) should take care of protocol developments besides STINC.

5. Smart Steem buy and sell management by STINC. STINC is one of the largest seller of liquid steem which is not sustainable in bear market. They should have sold 2-10M steem during prices of $2-8 and invested cash in safe annuity based equity which provides 8-12% monthly dividend. The earning from dividends would have been enough to sustain a business of 10 devs for eons.

6. Steem should find a revenue system independent of Steem selling. One of the ideas should be paying the devs and employees by steem. They should have other income source sso that they will not sell Steem but accumulate them similar to stock rewards (may sell at bull run). STINC should relocate to Malta, Estonia or Panama. Austin, TX is too expensive to sustain a business at current bear market.

7. Finally, remaining 70M Steem should be delegated to current Dapps and future Dapps to help them grow in onboarding and developing.

In next bull run, Steem will recover along with other cryptos. However, @ned and STINC should play their game more carefully. Moreover, community and witnesses should assert their prowess on them to act properly.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger