I’m contemplating the graphs of STEEM/USD and STEEM/ETH, and I’m not really happy with my tiny 2,5 ether converted in Steem. In USD terms, Steem in its “lifetime”, from the 18th of April 2016 was a relatively good investment. The price, now by 2,2 USD is more than 3 times higher of those of the first day (0,64).
But the STEEM/ETH graph is terrific, in Ether terms, Steem has fallen to about 0,5 percent of its value (–99,5 percent, from 0,72 to 0,0038). I know Ether was up, and, basically, not Steem was down, but the Steem/BTC graph is not so nice either. That means that Steem as an investment, was not really successful in its first 2 years as most other cryptocurrencies.
I know, I know, you can invest your Steem and earn your dividend-like passive income. But if history repeats itself, I mean the huge fall from end of 2016-spring of 2017, this income can also be lost.
More than 1 million users, that sounds good, but is not really a useful number.
More than a half of this accounts never have been used. (If I have inspiration for something, to write a blog post, I don’t want to wait 5-10 days…) The number of active authors is falling continuously, from approximately 40 000 in February to 22 000 for now. (Number of curators is stagnating by 22 000.)
I know, I’m a novice, worst, a plancton here, may be I’m totally wrong, but can’t stop thinking. Like this:
- If the big weight of the wales keeps unchanged, as of now, the big money goes always to them, many steemian users will leave the system early and number of really active users stays low.
- If powers would change, whales and dolphins had less power, the system was more equilibrated. But hoarding steem would make less sence – a big selloff of steem could push the price down. But on long term, that could encourage more users to be more active.
- I’m wondering which effect new steem blockchain applications, like games can have in the ecosystem.
- A lot of altcoins seem to fall much more than bitcoin, if bitcoin falls. And they skyrocket, outperform, if bitcoin surges. You can hope Steem ‘ll reach 8, or 80 dollars again – but you can never be sure. Maybe it ’ll be only 8-80 cents in next years. Maybe you shouldn’t invest all you have in Steem (nor all you have in cryptos).
Correct me, comment me.