STEEM: Price Down...Time To Get Busy
The cryptocurrency market is beat up. There is no way to sugar-coat that. The pricing action the last two months is awful. STEEM is now flirting with heading below the $2.00 level.
What is one to do?
While the rest of the cryptocurrency space loses their head, Steemians have the advantage of doing exactly what the token was designed for. We can post, comment, and upvote.
In other words, it is time for Steemians to get busy.
We cannot control or effect the market unless we are a major whale with a lot of money. Markets are going to do what they want. They are not reflective of what is going on with the blockchain. Nonetheless, too many people see to let price action impact them.
Focusing upon what we can control is the key to success.
Steemians can control their activity on here. STEEM is a utility token which rewards people for their contributions to this blockchain. While the price might be down, the reward pool is still paying out each day. This is a fact that does not change and will remain in place for the next couple decades. The STEEM blockchain is very consistent; Steemians need to be also.
The answer is always the same....post, comment, and upvote.
Of late, it appears some people pulled back. There can be a variety of reasons for this. However, I hypothesize that many simply do not like the negativity associated with a dropping in price. The FUD gets to them.
I can understand this. It is not easy to operate in this environment if you give it a lot of attention. Of course, it is only compounded if one takes it to be real. While the drop in price is real, the FUD surrounding it is garbage.
Yesterday, I posted an article about some of the headlines that I easily found regarding blockchain and cryptocurrency. These are big stories yet you do not see them splashed across the headline of the mainstream media. Since they stories do not fit into their FUD agenda, these are basically hidden.
There is a ton of stuff happening on the STEEM blockchain. With the first quarter being a train wreck for cryptocurrencies, it is hard to keep motivated. Yet, that is exactly what we need to do.
It is times like these where consistency is key. Instead of pulling back, we all must surge forward. It is time to get busy on here and increase our activity. I know many put forth maximum effort and dedication each day. These are the core people who are holding this blockchain together. It is these individuals who are the example to follow.
The answer is always the same....post, comment, and upvote.
If you are one who writes an article a day, perhaps kick it up to two. During your travels around STEEM, post another couple comments. It is always good to get a fresh perspective by going into some of the categories where people from third world nations post. That will give some gratitude for the position we are in AND remind us how important even a few cents can be to some people.
The price of STEEM will recover. There is too much going on for this blockchain to fall by the wayside. It is easier to get active when one puts up a post and it makes 3 times what it is now. It is at these moments where we are challenged. Our role is to keep active some we set an example for newer people.
Unlike most other cryptocurrency holders who have to sit and watch their tokens fall in price, Steemians can ignore that and get busy.
I suggest that we all do that.
The answer is always the same....post, comment, and upvote.
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Damn...never seen a motivation on this platform this big. This is definitely a wake up call. This is the time to put steemit out there. Now that interested are low and people seem weak. This is the time to put in all the needed effort, write more to make this platform greater than any.
I will confess that i been affected by the FUD and it has definitely affected the rate at which I write but with this, I am gonna jump right back up and do what needs to be done for this blockchain.
With as much time as I spend on the internet, I only run into FUD that's on Google ads on Coin Market Cap. If a lot of people join right now, than they will be used to the "low" prices, and they will not see it as anything, just business as usual. Once a bunch more people start really making good content, than we will have a solid platform.
Many users, if not most, are here solely for the monetary rewards. Boo hoo to them. Being a HODLer, token prices are not monitored by me much. The $20k+ BTC had me dust off my wallet from the last time it was out of storage in 2015. But they (forked wallets) have been returned to the vault again. Wake me up when BTC is $50k s'il vous plait. 😎
Exactly. There are so many of them that just want money. It's nice when you find people that wanna do something with the money or platform, like dig others out of poverty. It just sucks that they are harder to find than people who just want cash.
You are like the steemit sensei! When all is dark you seem to always encourage and write logical answers to questions. Keep it up task!
Being in the crypto/steemit world has showed me how reactionary most of are. We really play into the FUD and FOMO of this world. I do over and over again. Someday I’ll learn.
Yes, we really do. I think what @taskmaster4450 is doing is really what the platform is meant to do. If we all try to help people, a few of us will make it through and really make a difference.
Definitely agree with you! Steem is at a great place being a blockchain platform as well as a social media portal that is building a community. Given the intersection of both, growth opportunities are huge as interest and adoption grows. Thanks for engaging the community as it is truly needed when times are like the recent weeks.
I think engaging with the community is something that needs to be worked on. Most of the Red Fish find success more so in commenting and replying to comments than actual authoring. If there was something like that in the FAQ, I think it would make a big difference.
That's a good point. I'm pretty new, and it's definitely been a struggle trying to figure out how things work. I've had some folks point me in the right direction, but I've also had to muddle around and stumble onto the posts explaining why things don't work the way I think they do, and that can be frustrating. But I'm going to stick with it, because I think this platform is important!
Yeah, even though I've been on the platform for two months, I'm still learning stuff.
Two things you said in this post (while ALL very solid information) really struck an inner chord with me...
While I can't control the price of steem, I can control how I use my time on the platform most efficiently. I can control the way I interact. And I can control my choices while building and establishing my brand.
I was raised in a home that the value of a hard day's work would eventually pay off. Do your job, do it well and reap the benefits in due time. You know... the mentality of you get out what you put in. And this is how I treat steemit. All my time curating, posting, commenting and interacting will eventually meet me somewhere down the line for my reward. I have found that if I focus on my tasks of the above mentioned steemit work, then when the price increases, it will benefit my time and hard work. Take this lull as a time to make yourself more visible, interact more frequently and hone in on your formatting skills.
That's the spirit! I couldn't login to Steemit and busy.org for the last several hours - still doesn't work for many users - I'm using steemitstage.com - the testing environment from Steemit, because it's the only interface that works for me at the moment.
I was just about to prepare a new article, but when not only the price is down, but also the different interfaces, I may wait until this issue is resolved before I post... Thanks for the motivation as always! Cheers!
Yeah I had the problem too.
I am hoping there were some updates being done...but who knows.
I am glad I am not the only one...took me a couple hours to get this post up.
Both steemit and busy are up again.
But due to the downtime a post of me was double posted. Once via steemit and once cia busy.org
I am facing this problem in dMania. What is being in this platform. In this moment, I think all steemian do not desire to face this problem. Because this time is the time of turn back. Somebody may be frustrated with this problem in this situation. So we will be stayed active here in this time.
steemit.com is back online now. Being crazy the last few hours but everything is up and running now.
Really it is a great post. Steem price will recover soon if we are active here and help to quality post publisher giving upvote comment and resteem.
Thank @taskmaster4450 for sharing this post with us.
This post upvoted and resteemed by @jareen61.
It’s always good to get a reminder on why we started posting hereon Steemit in the first place!
I agree that it is important to post every day, regardless of how much the price of Steem is. Someone I follow, I don't remember who, talked about how, even though the price is down, since less people are posting you have less competition, so that's a bit of a plus.
I think that those who stop posting because of the price really don't understand the long-term. Everyone forgets (once upon a time,) when YouTube was small and the people who made content could make absolutely no money, even with sponsorships, there were many people making content each day. Those people created the giant we know today and make millions just off of ads, the worst and lowest kind of revenue.
We can do the same with Steem and Steemit and make way more money, but it requires thinking long-term.