Steem dead? Steem price at all time low...
Debating if now is the time to be powering down or powering up.
Steem has hit it's lowest point ever in terms of BTC to Steem ratio.
What can save Steem? Will SMT be enough even if it launched tomorrow? Readers, tell me what you all think? Is there any hope at reversing this trend or is it all over?
I think Steem has a good chance to do well in the gaming industry after seeing Drugwars.io but even they stopped using Steem from what I understand.
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To agree that it is "all over" I would at least like to hear - what has replaced steemit. Maybe I have missed something.
crypto war, low transaction, hoax issue is some of the reason this crypto go down.
Actually I think all of these tribes, PALnet, Battlegames, KryptoGamer, SteemLEO etc. could be a catalyst to bring Steem back , now I think HF21 is going to hurt and hurt bad, a lot of people will leave but perhaps this can be offset by what these new tokens can do. At least I see a lot of enthusiasm because of them, I hope it is not just the novelty.
What is KryptoGamer?
Games, they have video poker, blackjack and dice, kryptogamer.com
Ooh I see. Thanks!
From my perspective, all those derivative projects just make things more confusing and complicated. They might be some new exciting novelty for pockets of the existing Steem community, though I fail to see the value proposition they bring for any serious outside investors...
don't see any incentive to buy steem and power up at the moment
I would power up or at least do not consider to power down
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yeah, steem in satoshi is all time low, probably not nice to sell either. Maybe just to get some liquid steem aside, wait for the PUMP
I find that steem-engine has added so much value to posting due to posts going to multiple platforms at once, based on the tags used. STEEM will bounce back as well.
What exactly is that value you see / how do you define that value?
I’ve struggled to understand.
I get the novelty of it, though somehow it just seems more complicated than anything, as though trying to grow derivative hype cycles rather than focus solely on growing the solid value proposition of STEEM itself - scattering attention & energy amongst tiny pet projects that would be highly unlikely to attract the interest of any serious, cultured investor.
Clearly, there are others who’d disagree, though I’ve yet to truly understand their perspectives of what makes these new multiple platforms so great. Thus, I’m curious of how you’d elaborate on what value you see/find in it...
Firstly I will go with my favourite at the moment, @battlegames. They were created for the gaming community which is increasingly growing on Steemit and a great place for all us gamers to grow together. So the idea of my gaming content being easily noticed and rewarded for the work I put in.
Then PALNet was one of the first and is based on a highly active and popular community, meaning you can share your work and be rewarded based on the quality and both on there AND Steemit, which is the same for BattleGames.
Having these communities established for when new Steemians join and with the help of anyone who decides to browse the new section like I have done before, even to give a few cents upvote, can help keep them staying on Steemit.
Eventually the platform keeps growing in value and popularity and an internal dex like steem-engine for token trading, plus these communities will contribute to it. So I have faith in the growth of STEEM and the communities I am a part of.
That's my ramble and so much typing and thinking after only being awake for 40 minutes. :)
Cool. 🙏
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Even though the price is pretty cheap I don't really see an incentive to buy right now, well in terms of flipping for a profit, I can do that easily with other alts for better swings.
I don't really see the price of steem as a measurement of its success or failure, I just see a total market that has yet to deliver on any real disruptive work just yet and it will take time. Bitcoin is for sure on a run and its just another bubble it will correct eventually since there isn't anything really pushing the price forward, besides speculation and I guess the upcoming halving.
STEEM is still only seen as a way to dump for fiat and theres very little enthusiasm to hold it. I think that there should be a way to burn steem and reduce inflation if we really want a price increase, but to me I don't see that as a need right now.
I wish the developers would listen to people like you. There needs to be a community movement to produce proposals under the new proposal system with the explicit purpose of raising the total market cap for Steem. If the proposals are going to cost but aren't going to produce any sort of short or long term raise in the market cap, then is it a good deal for long term holders?
I saw the SPS will be available after the HF, It will be interesting to see what comes of it, the principle behind it is great and I'll hold my judgement until I see what comes of it. I just think there will be clear favouritism on pitches from certain personalities which would get priority. Unfortunately, we can't take emotions out of the game.
I think each proposal should at least show us a predicted impact/ROI and that's how we vote on how we should consider projects, but let's wait and see.
I don't see much in it for long term holders yet, I think like BTC eventually many of these steem projects will need to be consolidated into a few key projects. Let's say steempeak was one of them and dapps like dpoll or steem-bounty are all integrated into one front end it will really give the platform a unique selling point and make it attractive to users.
I think too much is made of the economics and not much on the usability which I've seen a lot of people crying out for, a lot of the things we are trying to fix is papering over the largest crack which is getting users in and getting them to stay that's really the be all and end all
Since new members get drowned in a sea of garbage posts and bot wars, the one thing that would increase the value is being hindered. We are still in the phase where everyone is trying to get a quick buck and so upvote/bid bots are running the place. And if push back, down voted into oblivion.
The "Board" was supposed to do marketing for STEEM and Steemit. If they have, it hasn't worked.
I think I've learnt hard lessons about hard money and now understand why Seth Godin wrote the book: The Dip.
I wish I had something positive to contribute to this discussion, though my optimism and faith in the whole ecosystem has been steadily declining the last year with price, and I’m just as curious about what the solid answers to those questions are as you - mostly out of hope that there’s some validation for having held onto way too much Steem for way too long, when every day I wish I had sold most for BTC and held that instead way back...