It depends on what you think the future of Steem will be, if you believe that the price will go up inevitably you are liable to make a lot of money, not from voting but from the gains you make because the price went up. If you are a HODLer and the price goes really up like $4.00 your vote will be $200.00 plus curation and you actually have a nice income, if this did happen I of course would at least sell enough to recuperate what I spent to make sure I will not lose in case of an apocalypse.
But that is best case scenario, in reality we are on a cliff edge right now and nobody trusts Steem that much so I doubt anyone would put in that kind of money.
In order for STEEM's price to go up to $4, people need a reason to buy STEEM now. And if there are no reasons, it can't go up to $4. Of course "Maybe it'll go to $4" is kind of a reason. But something more substantial would help the process significantly, I'd think.
I tend to think this crypto world is more a thing of gut feeling than anything else, if all of a sudden Steem spiked to $0.80 because some person put in a few hundred k dollars on a whim, a lot of people would follow and send the price up. That is why I do not believe in TA, because I think most things in the crypto world are manipulated by big players.
Yeah, that is true. Most of this is just manipulation. But I think it's partially because crypto still offers zero to normal people, really. So there's not a very large market outside of the big whale manipulators nerd enough to be into crypto. Steemit's original idea did draw in some normies, but that's been effectively killed.
Yea, so the only reason to buy STEEM is speculation - and in terms of being an attractive speculative buy, STEEM has to compete with every other token out there, currently about 71 of them being more attractive than STEEM.
Basically you're admitting that STEEM is only useful when it's above a certain value. And it makes sense, the same could be said about the dollar technically, but why buy STEEM now, outside of speculation?
It depends on what you think the future of Steem will be, if you believe that the price will go up inevitably you are liable to make a lot of money, not from voting but from the gains you make because the price went up. If you are a HODLer and the price goes really up like $4.00 your vote will be $200.00 plus curation and you actually have a nice income, if this did happen I of course would at least sell enough to recuperate what I spent to make sure I will not lose in case of an apocalypse.
But that is best case scenario, in reality we are on a cliff edge right now and nobody trusts Steem that much so I doubt anyone would put in that kind of money.
In order for STEEM's price to go up to $4, people need a reason to buy STEEM now. And if there are no reasons, it can't go up to $4. Of course "Maybe it'll go to $4" is kind of a reason. But something more substantial would help the process significantly, I'd think.
I tend to think this crypto world is more a thing of gut feeling than anything else, if all of a sudden Steem spiked to $0.80 because some person put in a few hundred k dollars on a whim, a lot of people would follow and send the price up. That is why I do not believe in TA, because I think most things in the crypto world are manipulated by big players.
Yeah, that is true. Most of this is just manipulation. But I think it's partially because crypto still offers zero to normal people, really. So there's not a very large market outside of the big whale manipulators nerd enough to be into crypto. Steemit's original idea did draw in some normies, but that's been effectively killed.
The problem here is that there were times when buying 1 million STEEM would have been a good investment... from our current viewpoint.
Now, will we, in the future, look back and say, i shoulda bought that 1 million STEEM?
Don't know. Really don't know.
(so i will put my money towards things i have a much better idea upon)
Yea, so the only reason to buy STEEM is speculation - and in terms of being an attractive speculative buy, STEEM has to compete with every other token out there, currently about 71 of them being more attractive than STEEM.
Basically you're admitting that STEEM is only useful when it's above a certain value. And it makes sense, the same could be said about the dollar technically, but why buy STEEM now, outside of speculation?
or to get palcoin airdrop. (too late now)