Contrarian investor - Bad Times Make for Good Buys
If you believe that steemit / steem has value than this is the moment to invest in my opinion.
When I joined Steemit in August last year my first purchase was at around 90 cents. Because I believed that the concept of Steem was solid, I sold my 200 Dash I bough back than at 9 USD (I am not too happy about that decision currently to be honest) and bought more Steem at 50 cents, 20 cents and 12 cents.
What I am trying to bring across in this post is, if you believe in the concept and usability of steemit/steem and bought already at higher prices, than it only makes sense to continue buying (cheap) at even lower prices.
@dantheman posted this picture last year which actually describes very well the concept of contrarian investing.
This concepts of course only make sense if you see real instinct value, if the prospect is worthless than pouring money into it is just stupid.
Reason's I believe steemit/steem has a high value.
- No Transaction fees
- Fast Transaction time
- Hight Transaction volume
- Great community
- Great concept to blog/comment and earn something
As long as I see the development team making improvements to the platform and an engaged and caring community, I will continue to buy.
Good for you! I love to hear these positive takes on the future of Steemit!
I think there's a great opportunity here, and as people develop more and more applications around the base platform, this will become a more and more recognized project and the prices will start going up again...
Thank you. Yes it is just a matter of time in my opinion until steem will be more recognize outside steemit.
This is the perfect time to buy Steem!
I agree, If you believe steemit/steem has value than this is the time to buy. It might not be the bottom but if you continue to buy regularly on your way down, than you will accumulate a nice amount of steem before the price goes up.
You fools if you believe that everything will be fine. The developers of Steemit are not competent, with such pace updates of the road map - this is the straight path to the abyss..
Thanks for your opinion but please can you go into more detail why you think the developers are incompetent as I don't see evidence of that. Good things take time and I don't see the major issues here you can see on other currencies.
did you get that or do you need help,
A very loose translation
My 2 cents there won't be a reverse unless the developers really step up their game, what we have really spoken on here and what is happening is next to impossible to be aligned. How are people supposed to develop those 10-15 killer apps and websites, based on the steemit blockchain, without any support or care, segregated communities, decentralized people, how are we supposed to work together and make something good come out of it, when all we do is chase inflation and hope we are one of those "powerful" people.
The price has dropped from 4.50(high) to 0.08 I suppose, so there could be a trend to get back there, but it won't happen unless all the problems are fixed and all the promises fulfilled. So therefore there are around 442 promises and problems still not on sight.
There would be a way if people start bringing in value rather than taking away and wanting more, for me personally this could be a nice place, but not in it's current form. We have a long way to go and a lot of competition in the races. What we think and want should be aligned with what is good and moral and bring that into reality. That way we can sustainably grow and produce that change.
@chezar Thank you for your comment and @j3dy thank you for the translation.
I see it differently since the steemit development team is working and actually released already various API's (Python and JS to my knowledge) and updated libraries for developers to use. So in my opinion this is going well and is the right thing to do if you want to invite other developers to implement steem blockchain related apps.
The price development is indeed bad but I think it has not much to do with the capabileties of the blockchain but more on speculation.
If you look through various posts that there are people (like myself) who keep putting money into Steem. You have always people who just like to take and have more but that will never change I think. Until you get payed out the rewards from your posts and don't have to pay a cent to blog than I don't think value is taken away from this platform.
It might sound like it but I want to ensure you and everyone who is interested that I am not a fan boy or however you call it. If I see something that is not right or a scam you can be ensured that I am the first who will leave but until than I strongly believe in this blockchain.
Well said...
Trolls will be Trolls...
nom, nom, nom...
Many people do believe I have seen it and wish it was better than it is right now.
So we are on the same page I suppose. Many have been making revenues. The problem is the unstability and the lack of overall direction at least in my eyes.
If a normal market trend is to be expected sure the price will skyrocket :D
All I'm saying is that it won't be as easy and another hype run won't come easy.
Все что я вижу это только разговоры какой Steemit хороший, какой перспективный, сколько в нем возможностей. В реальности все наоборот курс упал в пропасть и продолжает падать, реальной поддержки со стороны разработчиков никакой нет только обещания. Также ведут себя создатели финансовых пирамид красиво говорят, много обещают , рассказывают о перспективах а реально ничего из выше сказанного не выполняют. В конце концов скажут что вы сами виноваты что Steemit рухнул.
"tarekadam64 · 8 hours ago
Thanks for your opinion but please can you go into more detail why you think the developers are incompetent as I don't see evidence of that. Good things take time and I don't see the major issues here you can see on other currencies."
That comment deserves a proper reward, hint hint...
Followed!
Thank you
Может я не верно выразился что разработчики не компетентны, может то что сейчас происходит со Steemit - это и есть их цель? Тогда они конечно компетентны - но жулики.
"darkflame63 · 8 hours ago
This is the perfect time to buy Steem!"
nom, nom, nom...
I bought Steem at $1, it's practically a steal.
The Steem coin also is not the same as other altcoins. It has different rules. Also Steem has like 1000 active posters, and 3000-5000 voters each day. Lets focus on getting those numbers up before expecting more results. If you believe in Steem then put your money into it. If you don't then take it elsewhere.
I just started at the end of January. So far I enjoying the Steemit platform. Learning all the do's and don'ts. I strongly believe in MY "thirds rule strategy" which now can be googled. Buy in thirds. Sell in thirds. Don't be TOO greedy.
Steem on,
Frank
And don't invest anything you aren't prepared to lose. Great thing with Steemit is you don't need to invest much if anything. Just a little time and effort. Get up to 50 Steem power and then you'll be at 1000 in no time! I haven't even put $50Canadian into Steemit.
That's Awesome that you Earned STEEM. Check what I wrote about Plan A, Plan B, Plan C (GAME PLAN)
https://steemit.com/steem/@cassidyandfranks/plan-a-plan-b-plan-c-you-never-know-what-can-happen-so-better-be-prepared-gameplan
Me too :-) I believe in Steem and I am not worried about the price.
For sure it had been much more clever to invest atm or even later but for me it was about to make a commitment. Until now if I write a post I have great whale support and if the price rises again we will be at the end happy that we kept the faith ;-)
Ganz deiner Meinung, man kann nie wissen wann ein Boden erreicht ist aber solange man glaubt das ein Unternehmen wert hat , kann man nichts falsch machen wenn man an tiefen preisen nachkauft.
Wenn man sonst mal schaut was in der Coinwelt Substanz hat, dann ist Steem ganz weit vorne. Lets get an orca and then a whale :-)
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