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RE: Some Musings About The Upcoming Capitulation - The Current Crypto Catastrophe
Where do you see steem? I am growing my position but it won’t hurt to know a fellow Steemian’s opinion
Where do you see steem? I am growing my position but it won’t hurt to know a fellow Steemian’s opinion
In the long run, I see it higher than it is today.
But entropy is way too big lately, though, with all the uncertainty coming from Steemit INC.
Although I do believe Steem, as a blockchain / community, will survive even an exit scam from Steemit INC (in the worst case) or a continuation of the mismanagement we saw during the last two years, there will be a significant impact on the price. So I won't risk a very clear opinion now.
If SMT will be launched within a month and Steemit INC will become more transparent (both events quite unlikely, to be honest) it will bounce higher sooner than the rest of the crypto market.
But if we don't get out of the spiral of empty promises and management will continue to be hairy and lacking transparency, there will be a hard landing for many months until somebody picks up the remains of the damage and rebuilds something valuable.
ned really should let the witnesses help with development of steemit