Crazy To Buy Steem Above $4 USD or Genius?

in #steem7 years ago (edited)

If I'm crazy and I go all in on Steem at above $4 USD how crazy will people think I am?

What if my gut is right and the charts are right? What if Steem does hit $12 USD over the next 30 days? Then People might say, "Hey, That Guy Was A Genius." Of course a real genuis would not have sold so much at $2.50 ish but I did recover most of my Initial investment.

Staying powered down has helped me make money every 7 days as the price has went up. This is not a fantastic long time strategy but worked out well for me to recover my investment and still have growth from when I started 7 months ago. Now that Steem is passing SBD and things are getting back to what I would consider normal, how many of you are thinking about buying at the low price around $4 USD?

Steem Coin Market Cap.png

Though I have ranted and raved sometimes about stupid crap like @Poloniex tying up my finds for a long time and Steemit not putting a notice when sending to exchanges they know have problems, I didn't give up on Steem or Steemit. I'm still frustrated that their Smart Media Tokens they talked about 6 months ago have all but dried up. No one is talking about them and the only website so far that has launched I guess as a test Pilot has been 404 every-time I try to visit. If could be blocking country specific IP addresses.

The Most Critical Thing That Drives Me Nuts Is Lack Of Communication.

Of course some would argue that if I jumped into the new world and wasted my days on slack or discord or telegram I would learn all kinds of things but while so many do that I'm off building a pretty sweet platform called https://SteemThat.com .

Had I spent more time doing nothing I would have more time to do something? That makes no sense at all. The Steemit Team Owns A Blogging Platform, Surely someone around there can blog? But at the same time I complain I understand that Steemit doesn't want to be like Charlie Lee at Litecoin and constantly badgered for manipulating the price of the currency by news updates. Steem and Team are kinda darned if they do and darned if they don't. Maybe it is better to keep people in the dark and then "BAM", launch some really cool stuff.

People often message me with complaints too.

The biggest complaint I get is information over load. I personally got tired of searching for hours trying to find stuff. When I found what I was looking for I started writing blog posts on SteemThat.com to help organize some relevant current beginners stuff. Hoping to be the super cool place to go when you are getting started with Steemit. We also allowed others to write articles to help share their new found cool Steemit stuffs.

People have complained about getting rewards from https://SteemThat.com. They think that getting 5 Free Steem That Tokens Just For Joining is too much! Why not reward people for using our social media portal? So we integrated a points type reward system and started rewarding members with an Equitable Proof Of Stake System.

After we launched Steem That Tokens 6 Months ago SMT was announced. We wanted to use SMT but can't wait forever as we want to keep developing and Raise More Capital for further development and integration with Steemit. Budget Proposals Were Promising But I'm Not One To Beg For Money. We can earn it and then our members will not feel obligated to any one person or group as we all built it together as a team. We built and launched the Steemish on the Ethereum Blockchain January 1st, 2018.

I GOT STISH.png

We Compliment Steemit, and help people earn more and want to invest more into the platform. We created a cool social environment with groups and chats and private messaging all in one. This has been virtually 99% self funded with very little support from anyone at Steemit other than our members. Who wants to help a bunch of minnows? I'm not complaining so please don't take it that way. I'm bragging actually. The more people I help grow the more I grow. It is a win win and we all love to win!

We have accomplished a rather impressive amount of things in such a short time. Many members are growing and doing better now than ever before. They have a place to call home and feel connected to real people. When people have an active community to learn and grow in they are more likely to stay and learn and become dolphins one day. They have a community support system that keeps them motivated to push forward and become successful on Steemit.

One thing we want to do is Invest 50% from all Steemish BlockChain Token Sale Back Into Steem!

So yeah, some people would call me crazy to buy Steem at $4 plus, however if we were to raise 3 Million USD from the sell of Steemish and invest 50% back into Steem so that our members can get awesome posts upvote rewards. We could start selling off the SP gained from our curation specialist accounts at the higher price we are creating in the market place as we spend 1.5 million USD buying Steem. Essentially paying for the first round of Steem Power We Just Purchased.

Not having to lease delegated Steem Power and give up the curation rewards would really be a game changer for the community. We could reinvest and get stronger. We could use the curation rewards to fund future developments and hire people to work on the project. We could hire a market maker for the Steemish. We could give back a portion of our earnings to members who perhaps do not write posts much but want to participate in the community. Some bridges we will have to vote on and cross when we get there but these are some solid ideas.

We are working on getting listed with a few different places and hope that we can continue to develop and integrate more with the steem blockchain. A hybrid build model makes sense for some applications and https://SteemThat.com is one of those that proves how accelerated one can build mixing old and new technologies.


Make-Friends.png

Sort:  

I think you've done a great job by creating SteemThat. I accidently stumbled upon it last week, and I felt right at home. I don't really like Discord channels or chats - I'm going crazy having to follow all the info that passes through in such a short time.
But at SteemThat I felt really welcome. You guys have an awesome lot of tools and information, and because the community is (still) smaller, it's it much easier to approach when you have a question about something.

Communication-wise, there is much more transparency on SteemThat than there is on SteemIt. I'm really going to try and find out more about all your future plans and goals, as I want to help you guys grow.

And as for the question whether it is foolish to go all in on any coin at any price: it all depends: if the price drops, you'll be called crazy, if the price goes up you'll be the hero. Nothing to do about that... ;-)

Thank you very much. I'm looking forward to more conversations also. We have a solid plan over the next 4 years. Putting the right people in the right spots will help everything come together. Or we will just keep grinding it out and one day we will be there. 😀 I would like to see us grow a little faster but slow and steady wins the race usually.

I like this new group where members can come and help each other with questions related to Steemit. So Cool. Thanks for getting involved. https://steemthat.com/groups/steemit-questions/

Well said. You totally nailed it.

Good to read your update post @steemthat being busy working on a great platform that is really taking shape.

First time i bump into steemthat.com, i fell in love with it. It really a great platform to connect and build friendship. If not for steemthat.com i wouldnt have know about some stuff, like the freezing pipe or making rug from old clothe thanks to @gardengirlcanada for dishing out a lot of useful information. The effort being put in by everyone in most especially @binkley who always find time to advice and encourage one, is one thing that make one feel that with steemthat.com one can go to the top.

Thanks for the support and testimonial. It really is a different way to interact with the people behind the blockchain articles you read on Steemit. Once we are fully integrated I think people will be really happy! Much work behind us and much more in our future. Kind comments that show how much we are helping people makes it all worth while whether we ever earn a penny we have done some good and Impacted the whole community here and there in a positive way! Thank you

Hello friend i send 3 time .150 but you don't upvote

We have shut down the upvote bot about 1 week ago. Let me go look and see why the bot isn't auto refunding. Thank you for letting me know. Members of https://SteemThat.com get free upvotes now!

Got you covered. We changed our Status last week and set the bid bot to return bids. Looks like a few got through anyways. @steemthat will be for community members only. https://SteemThat.com
Make-Friends.png

This post has received a 17.65% upvote from @lovejuice thanks to @steemthat. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.

Coin Marketplace

STEEM 0.20
TRX 0.15
JST 0.029
BTC 63396.80
ETH 2615.51
USDT 1.00
SBD 2.86