Bitcoin is skyrocketing, Steem can only crawl
Bitcoin is skyrocketing, Steem can only crawl
Hello lovey Steemian
The last two days Steem seem has a little increasing. When I wrote this post, Steem was at $0.16 and Steem Dollar was at $0.66. I feel this is a good stage for Steem who hopefully will come crawling up. Of course we should welcome this increase. At least there are bright hopes that this increase will continue until it can reach bull run.
The excitement due to the increasing value of Steem must still be accompanied by worry because, this increase is still relatively slow when compared to the main crypto currencies. The value of bitcoin that makes a high jump is still not able to be followed by Steem. It is said Steem will be greatly affected when Bitcoin falls in price. If the bitcoin value drops automatically it will be followed by other crypto including Steem. But the contrary when bitcoin rises is not necessarily followed by Steem. Moreover, to be able to rise independently without being influenced by the price of STeem. This is one thing that is still very hard for STeem.
Investment
In my opinion the rise in the price of Bitcoin which has not been followed by a rapid response by Steem is influenced by investors. Investors have not seen Steem as a priority. They prefer Bitcoin as a more profitable land. They are still focused on absorbing a large number of Bitcoin movements until they reach a new saturation point and then they will look at Steem as an alternative coin.
The low trust of investors to Steem to grow quickly makes them still think several times to invest in STeem. The view from the business side may still be far from wanting to get instant profits. This is different from investing in Bitcoin. Progress that can be seen and calculated profits in quick time.
In terms of platforms that are used also still need an in-depth understanding for investors. If they only see investment in Steem as merely an instant business, of course there will be a lot of disappointment. Many investors might just think they will get a reward soon so they invest some capital. However, in reality rewards do not have to be obtained immediately. If they do not think long enough to turn on the blockchain they will certainly withdraw the invested capital.
Shout loudly
As Steem users but we should be able to contribute to the rise in STeem. We can continue to stir Steem promotion through various other media. This we need to do so that more people who see Steem as one of the strong coins in the future.
I noted there is @theycalmedan who always actively invites investors through Twitter to invest in Steem now.
When low value is a good time for investors to invest. do not let the price already high just want to invest in Steem. Of course it will be too late if it is done. With a low price, there will be a possibility to reap big results in the future.
As content creator, I would like to propose influencers to be actively involved in introducing Steem more aggressively. Of course there are many influencers who have done it but I want to return to give input to shout loudly. I believe there are still many steps that can be taken to improve Steem as a crypto or as a blockchain. The large number of followers and experience will be taken into consideration for investors to come to Steem.
Thus my writing this time may be of benefit to us all.
Disclaimmer: I am not a financial advisor. This paper is only a personal opinion.
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this post has posted on twitter as a support to #posh initiative @ocdb
https://twitter.com/Rokhani69964398/status/1218496659505549313
Steem is up a lot more than Bitcoin... today anyway. ha.
Yeah, lol, this post didn't age well. xD
you are right @acidyo, @sharkthelion
I has missed the progress. But anyway we hope this positive trend will continue.
Thank you for the support
That's hash
I hope Steem will back to ideal price but we know it need time and process.
Yeah
That's right
Time and patience
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