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RE: May 30 Days Writing Challenge - Day Two: If You Had 1000 STEEM, What Would You Do With It?
Ah, choices. You're talking about the best one, though. Even as sweet as the motorcycle is. Black and red is a great combination, too.
But I suppose that if you wait and STEEM takes off, then you might have enough for his and her motorcycles. And some place to put them. And ride them. And invite others to. And transport them to different fun and exciting places.
Well, that would be the best thing ever, if STEEM really took off. I am very excited about what will happen through the summer and fall, as there are many milestones in SMTs.
The bike really is a dream bike. I'm not entirely sure though whether it will be the best fit for me, as I'm quite tall and the bike is rather small. I will just have to test it out when the time of purchase comes and see what happens. If it doesn't fit, then there are always other bikes I like.
People keep predicting good things. There's always this pattern—STEEM, cryptos, something—that gets followed throughout the year, and supposedly we're doing it again, so who knows. I'd like to see something happen. Since STEEM supposedly went from just under $0.16 USD to just under $1.60 USD in a year, could we see another 1,000% rise by this time next year, or nearly $16 USD STEEM? I'd settle for $8, or even $5, if it were the average and not spiking up and down so much. Need less speculation and more stabilization. :)
The thing that boggles my mind the most is: Why isn't STEEM way higher? I mean, considering all the obvious advantages - speed, low transaction cost, actual use case other than money, a working social network. There are drawbacks, sure, but not that many. The biggest problem is, and we've talked about this in the past, is getting fiat directly into STEEM.
I mean, there are tokens with scammy whitepapers and no product whatsoever that are way higher on coinmarketcap. Just doesn't make sense.
You know, the ease of acquiring STEEM, or lack thereof, could easily be the culprit. If you can't get it without jumping through hoops, exchanging it for some other crypto coin, potentially losing value and definitely paying more fees along the way, what's the real advantage? For those using the social platform, it's a little different than someone strictly looking to buy some STEEM. And even so, we jump through the same hoops with fiat. I don't know. Why is it possible to by Bitcoin, Ethereum or Litecoin with fiat? Do you have to be in the Top 10 of crypto? Is there a waiting period? Does it cost a lot of money? Or is it simply the laws governing crypto here in the US, since STEEM is US-based?
I really don't think investors care that much what's happening here, but they probably care if we care. In other words, if people are coming to use the site and staying, that might be important, but STEEM's value isn't limited to what happens here or on the d-Apps. It's everything else that can make it into the global phenomenon it's meant to be.
And with that, account approval has slowed way down since they started monkeying with it and trying to make it faster. They may still be doing it manually, too, but unless things have picked up recently, instead of bringing people on board in the thousands, its been more like in the hundreds.
Just checked. 318 accounts yesterday. Highest for the week 502. It was five to ten times that a day when I came on.