Will Steem Go Back Up?
I haven't posted here in 8 months. I was super excited when I found this platform, but that was when steem was trading at 7 dollars. Now, it's not even worth two quarters. The allure is lessened. But perhaps I am being shortsighted? I know there are a lot of people here who know much more about crypto currency than I do, so I'll ask you all: does Steem have a future? Should I resume my use of Steemit?
It takes time to build a new and more attractive platform. But my impression is that more and more cool stuff are being built here, and that the most exciting changes are right around the corner.
My recommendation would be to keep om crossposting to Steem at the very least, it can't hurt.
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Look at all the stuff that has been built:
https://steemapps.com/
https://steem-engine.com
Plus there is a ton of other stuff going on.
This is late, but I'm glad to see you post!
I can certainly understand putting less effort into it. However, I think it's good to keep putting some stuff up on Steemit just as a way to diversity sources of income. Not to mention, although your channel seems safe on YouTube, some day your channel definitely could get taken down, or limited in some new way YouTube invents in the future. It's a lot easier to deal with that if you already have an established profile people know about on another site.
Hey TJ..
Steem and other crypto are mostly traded against bitcoin (as opposed to usd pair)..since most fiat-crypto ramps take BTC as primary path...
So when BTC goes down..everything goes down (in usd value)..we are still in bear market...you should be concerned if BTC breaks out bullish but STEEM doesnt.
TLDR: everything is determined by Bitcoin price which is still not bullish.
Not a crypto expert but this is the explanation that has made the most sense to me..
I agree with this, Bitcoin is the backbone to most alt coins today. Nothing really happens without either btc, ltc or eth right now.
Yes, because all other mainstream platforms are becoming censorious garbage, which you are also, Chee Jay!
There is no such thing as get rich quick. Likewise, no coin will make a big leap overnight unless someone made it artificial. With the current inflation of the steem it takes an around 20 years more before we feel the price increase. As stated on steem white paper, steem inflation decreases in every 250,000 starting in December 2016 when HF16 initiated. So technically we still have to wait 18 years more which I think no long enough. Meaning, we still can feel price increase in the future in natural way.
Supply is only one side of price. Steem is already at a low level of inflation, lower than almost any other than bitcoin (which has been around for 10 years and has had much longer to go through issuance).
Inflation doesn't necessarily mean the price can't increase. If demand exceeds the level that inflation alone can provide, the price will raise.
Posted using Partiko Android
Oh absolutly. Though while it seems to be a lot more profitable than youtube adsense at least for small creators even at the current price of steem, thats not my main concern, that would be the fact that you cant be censored on steem nor will you lose any followers no matter what other plattform goes down if you synergise all those posts with the steem blockchain.
Congratulations @tjkirk! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
OMG yes, steem has come a long way in 8 months, have you seen all the apps? we are a sleeping giant