Clif High's predictions for STEEM in bare naked Wealth report – we have a challenge here guys

in #steemit7 years ago (edited)

This comes from one of the latest bare naked Wealth reports of Clif High. I searched Steemit a bit and have not found anyone posting about this detail so far. If you've seen a similar posting, please let everyone know by posting the link in the comments.

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Picture from @ats-david from this post

Background, Introduction

Many of you heard about Clif High and his incredible predictions that he yields from a very sophisticated analysis software as basis for his interpretations.
If you’re open-minded Clif’s reports are highly recommended (yes you really need to be quite open-minded. Don’t blame me if you spent money and then you think this is some piece of crap. The few reports I have seen so far have a few incredible predictions. Some really far fetched predictions became true to the date correct, even predicted 3 weeks ahead. It’s mind blowing sometimes). You find them here: https://halfpasthuman.com/

There’s a little drawback though. They’re quite pricey. The specialized crypto prediction reports, called bare naked Wealth, are $99 each – and there is a new one each month. If you have a sizable portfolio it’s a no-brainer, as your potential profits (or the avoiding of losses due to better investment decisions) will pay easily for the expense. If not, well, that’s why I give you a little insight on one of the reports.

I recently purchased the bare naked Wealth report #4, my 3rd bare naked Wealth report until now. This one is special. As it has not so much prediction analysis from his data it only costs $24. What it contains though, is a lot of insight of how Clif High sees a number of coins and tokens. One of which is STEEM. And what he has to say about STEEM is not as enthusiastic as I was hoping.

The full report contains the following:

Reseach and analysis ONLY! Not a complete forecast report.
Reviewed coins list:
Antshares, Ardor, Augur, Bytecoin, Civic, Cloak, Dash, Digibyte, Dogecoin, EtherumClassic, Factom, FUN, Golem, humaniq, lisk, Litecoin, Monero, NEM, Nxt, Maidsafecoin, Peercoin, Populous, Ripple, Skincoin , Siacoin, Steem, Stellar, Stratis, Tezos, Waves, Zcash
A reseach and analysis run down of the following crypto currencies in more depth,
Augur, Civic, FUN, humaniq, Lisk, NEM, Populous, Statis, Tezos

You can find the full report here: https://halfpasthuman.com/

Let’s talk about STEEM how Clif High sees it.

Due to copyright, I will not quote exactly what he wrote, but merely give you the meaning and my interpretation of it (actually most is my own interpretation and elaboration, as Clif’s writing is rather short and precise).

STEEM and the STEEM platform is undoubtedly popular. I mean, you are here obviously, and thousands join every day. So, yes, should be great indicators for future growth. Or is it?
STEEM is traded on a few exchanges so far. The volume could be higher, but as it is a highly specialized coin that’s ok for now. For someone not active on the STEEM platform and not utilizing the intrinsic value by voting and curating it just doesn’t make too much sense to invest in STEEM in comparison to other coins which are pure buy and hold.

The biggest vulnerability though for STEEM is, that it is quite challenging to actually “mine” the coin. My friend @jerrybanfield would oppose to that statement, but he already IS quite popular even outside of STEEM. It is indeed a piece of cake to leverage on that here, finding the perfect platform for him. He as well, worked hard for that popularity for years. In other words, one usually needs to be quite popular on the STEEM platform in order to attract a sufficient amount of upvotes. That is usually true for people who are here since many months, if not years, who post regularly and therefore receiving thousands in upvotes – if the actual posting is good or not does not matter so much anymore, but that is a different story. Whereas the vast majority of people can be happy with a few votes, if any, especially the newbies. Even if they try to put out some extraordinary content. It’s either not getting noticed or people don’t vote for it as they don’t expect many others to vote for it, making it unlikely to earn high curation rewards. As a result, they mainly vote for what everyone else is voting for. In short: the internal popularity algorithm is STEEMs biggest vulnerability.

Clif concludes his short insight by stating, that the STEEM platform itself seems to be strong enough to be around for a while. The STEEM coin however, hm, well, not really. Quote: “Punt potential.” (which is more or less the lowest rating) shock

Definition of Punt: “acquire with awareness of risk, potential for immediate release pop, likely followed by near term drop and uncertain future prospects.”

C’on guys, now make me proud. How do you see it and what can we do to make STEEM more successful? Not only as a blogging platform, but also the coin itself.
How, for example, could we mitigate the tendency, that many people with great content hardly receive any votes and popular people receive upvotes without even looking at the content? I mean, it’s mostly ok, as popular people worked hard and earn respect, however, too much concentration of votes is, according to Clif’s prediction, a huge threat to the value of STEEM.

If you want to read more about Clif’s predictions please upvote and follow @dinoo. If this get’s some response I’ll know if these kind of postings are interesting to you.

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Yes great points. Too many people are left unseen and it doesn't matter what the popular people post, even if it's utter shit. But I still believe in steemit and hope it will become better and better.

I too believe in Steemit and look forward to it continuing to evolve and grow. It's still just a sprout!

Plus 90% posts that are trending are of crypto, we dont see any diversity in here

Or a picture of a blurred yellow flower from neighbours garden that earned $1,000 from the reward pool ; )

Haha, Love this comment. Thanks for the info. I've followed Cliff's youtube for a while but never read a report. I'm curious to check it out further. Thanks again, @dinoo. Glad to have found you on here.

you got my vote. Great piece. Let's make Steem great (again?)

Haha, yes that motto could fit here as well. Although STEEM is actually more than GREAT. Nothing comes close to it until now - which doesn't mean it cannot be improved.

He raises some good points

That's what I thought as well. Hence the beginning of the discussion here. Suggestions welcome.

@dinoo got my up-vote wasn't expecting less and again you've delivered on point. Everybody's got a right to bear an opinion. However, it is good to disagree to later agree for the good of promoting Steemit.

Hmmm, do I understand you correctly, that you don't really agree to the opinion of Clif elaborated above? In that case I hope you're right and we can follow the motto "$10 STEEM in 10 months" - that was actually what I believed until today. Now I'm not so sure about that anymore and the coming hard forks might need to address the raised issue - if deemed valid. That is what I'd like to find out here.

Good review thank you for sharing because it is helpful to consider the downsides that yes it is challenging to just sign up with no Steem Power and make more Steem. That said, the same challenge exists with most other cryptocurrencies too!

Thanks Jerry, yes that is true and in general nothing bad about it. Popularity usually increases the likelyhood of being successful. And popular people worked hard to become popular in the first place. However, the focus of Clif's statement was a bit different. STEEM is powerful and the platform itself receives huge support, hence will endure also through tough times. The currency, however, has a major vulnerability in its current form by being mainly based on popularity. The internal popularity algorithm. Maybe there are some possible adjustments to reduce that vulnerability?

Another point from Clif I missed to elaborate is, that the value of STEEM is not coming from intrinsic value, but mostly from external investments. Means, people like Jerry and myself, wo buy STEEM in order to have a bigger impact on the platform. In other words, if at some point in the future it becomes less attractive to buy newly created STEEM on exchanges, the value plummets. Which makes it necessary for the platform to stay in the news and minds of people constantly and increasingly and also the top 1% of whales who own the vast majority of all coins to not cash out too much. Otherwise we see a 15cent STEEM again. So, every promoter of STEEM who is bringing in new stakeholders is vital for the exchange value of STEEM. Thanks for doing your part so well, Jerry. You also get a good reward for that : )

Nice Post @dinoo

I did read this in Clif's report and which is why I'm NOT adding any more to my current steem account. As Clif's report tend to be right time after time again.

Sad thing is, it's becoming self-fulfilling prophecy if we all would be fearful now. Yes, Clif said the above, but he did not say the coin if failing for SURE. If we see it as a warning and a hint where is the weaknes, there is the option to steer against it. And he also says, that something will happen and it will be successful. Maybe we all just switch to some better system substituting the STEEM coin. Oterwise, how would it be explained, that the community and the platform persists for a long time, but the coin has fail-potential. Without coin, no STEEM platform. So, some solution will be found apparently. Until then it's probably a lot of work. Conclusion, I still think STEEM is a good investment. The system is beyond clever and has incredible potential. Heck, maybe we all just switch to EOS in the future. STEEM coin vanishes, but your STEEM account value remains. Just on an improved blockchain. Everything is possible. Actually, something like that HAS to happen. I don't think, that STEEM or ANY other coin can exist for the next couple of decades. Everything has to evolve with the development of blockchain technology and will become something better over and over again. Clif is usually right, but HOW exactly his predictions play out, well, there are countless options and it doesn't look so bad as it might seem at first.

Thank you for this.

Upvoted and I would like to see more.

Man, sorry I missed the payout period on this post.

I have a three part post you might like to have a gander at. Sorta deals with what Clif is sayin', but adds to it.

Here's a link to part I.

I live on criticism, so even if you don't like it - especially if you don't like it - I'd appreciate any comment that could help me improve.

Thanks!

Checking them out. And you can always upload a new post instead ;)

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