why steem is going to 10 cents
Today we are at 82 cents.
Market sentiment
The market sell off is gaining traction. Institutional money has left the train. Retails investors are at a huge loss and panic selling is happening.The situation will turn worse before getting better
lagging adoption
needless to say, lot of promise and not much to show over the last one year
Lack of transparency
Needless to say, the scam ICOs and the way funds have been obtained from the market didnt help anyone
1% problem
The whole premise of crypto and decentralization was the governments and corporation and the 1% rich controlled the financial market benefiting from it and the little guy was left out....
Think about steemit, still the same issues,a new set of 1% emerged and the cycle repeats...
We will see what future hides for us !!
You obviously haven't been in the cryptoverse for very long cuz I see a lot of FUD here.. I don't doubt we will see the market fall more but u have to realize that blockchain IS the future whether the majority of people realize this or not. Most people are stupid so don't worry about what they think. If u believe most people then u would believe "the economy is booming right now" when that couldn't be further from the truth.
There will always be a 1% and there will always be people who abuse the system but thats life.. Cryptos WILL survive this downturn just like every other huge downturn in the past and will come out on top like always, I have seen it time and time again the past 5 years.
So if steem (not steemit) does go down to .10 cents then u better believe I will be stocking up like no other because one day it will be in the top 10 and worth exponentially more than it is now. Have faith my friend.
There is no fear here, I am just saying the prices could go lower and I am 100% onboard with block chain adoption in future. Whether steem will be top 10 or not depends on how this product evolve and people use it.In the mean time after 3 years in crypto market, i realize its better to be trader above a total crypto valuation of 100 Billion in short term and become an investor above 100 billion
Buy the dip and HODL!
Imagine if it goes down to 10 cents maybe we can finally be red-fish, dolphins or whales! And then hopefully the market will turn, because crypto is the future, it cannot be suppressed, or "uninvented". If "they" somehow block cryptos on the "normal internet" Elon Musk or some other genius can send up satellites for blockchain transactions... =)
The question is will STEEM stand all the future turbulence I don't know, I think it has a lot to do with how we treat each other here, if we act mean, greedy and toxic and allow this place to become one big cesspool, yeah well go figure...
/FF
for the past 1 year , i have seen mostly that !!!!
You see darkness, turn to the light!
/FF
if you are so negative about the future, why are you here?
Its not negative, its a possibility and block chain adoption will go up in future for sure. Below 50 cents it could be a buying opportunity.If you dont already know, look at how most steem whales have sold out when steem hit 2/3/4 dollars.
if you believe its going to bottom out, and it matters, why are you here? are you here for money or people? the people who are still here arent here for money so whether steem goes up or down doesnt matter. you got more comments than votes, that should clue you in.
If you are in for money in steemit, writing a good or bad blog doesnt matter, there are many ways bitbots, steem.chat...and other things. I stopped doing that... If the community realizes why people give up, it can make the platform better. To be clear I am a developer as well. We saw application developed over steem failed for the same reason. There is potential but without changes steem will not succeed.If you blindly hope steem will bottom out and rise again good luck with that
So sad for that. 😢
I have no idea about FA and TA . I believe that one day it becomes as we hope.
So there is nothing to choose for us except going forwards. 👍
Resteemed by @resteembot! Good Luck!
Check @resteembot's introduction post or the other great posts I already resteemed.