Vlog 442: Why hasn't the STEEM price gone up yet?
(Edited)
I read several posts where people are asking themselves if the new hard fork is as successful as people claim because the price of STEEM has not gone up.
In this vlog, I answer that question as honestly as I can.
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It’s a bargain! Buy now or you will regret later 😉
This is what people are asking every day of their lives on here! :) It is amazing how low the price is given the amount of innovation and development that is happening here. I feel like it has to be like rubberband that is getting stretched further and further. Eventually it will spring back!
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~Smartsteem Curation Team
I think logically we expect steem to be long termed and expecting the prices to go up in just over two weeks of the fork is proposterous even for a Ponzi scheme really. I do think the effect night take up to four months to slowly show momentum really. And like you said vthe behavioral changes and attitude are different now and these are the things that will signal change slowly but surely working out really. In a nutshell we might be seeing favourable chances to do right by steem really, nevertheless we can only wait and keep contributing to steem's value with time
As long as I can still build my stake with my efforts and buying up cheap steem I can't be complaining! I think the price is going to continue to drop close to the 10 cent range. I want to have a stake that I can use make a real influence, drive change and build a few tools on the chain.
I hope we will see more small accounts with strong hands, i'd love for us to be at a level where we have millions of active users and hundreds of thousands of minnows
It's time to direct resources and brain power toward coming up with business models and strategies to reduce supply and create demand for Steem.
When you get a second can you tell me if this post deserved to be downvoted to 0 by @spaminator
https://steemit.com/steem/@ssjsasha/with-newsteem-upon-us-lets-do-something-i-haven-t-done-in-a-while-a-steemit-post
I see absolutely no reason why this needed to be voted down to zero, care to take a look please?
The new users are affected tho because of the reward curve change. Their bread and butter of getting rewards from comments had been severely affected. I guess that they are just caught in the crossfire.
I don't agree. A new user will 'grow up' in the system as it is known today. A new user will not know what Steem was like under linear. Therefore a new user will never see commenting as their bread and butter of getting rewards.
Well majorly steem had some huge selling as bitcoin is not that stable and the dominance is way to high right now
I hear you. I have disappeared myself and lost interest in manually commenting. I have nearly half SP as you. Mostly all of it bought in the open market. I can easily buy lot more. If someone convince me that the whole platform doesn’t go belly up.
But as you can see after newsteem, like many other, I feel like reading again. I am willing to put serious money in this system but someone got to show me that this is not Monopoly money :)
When Steem turns around your stake should be more than sufficient. There is no reason to add unless you really want to.
I still invest in Steempower mainly because of the RC credits which I think will be very valuable when Steem grows and also because STEEM will become the main trading pair vs SMT's (Steem-Engine already has shown the potential of these tokens).
Currently, it is nice to have more Steempower for curation and the ROI it provides while I wait for the network to grow. I think #newsteem will help a lot in that regard.
The main focus of my blog has always revolved around Steem. When that is no longer wanted (for example: on youtube, nobody talks about how great youtube is) I will stop blogging and make my SP work for me in other ways.
Ultimately, I want to use my stake mainly to lease to or invest in projects/applications/communities for a decent return on investment.
I think the only person that can convince you that this isn't monopoly money is yourself. If you want to invest you can always do it later. There is no rush.
My trouble is that the penetration of steem is so small and decreasing. I have no problem in waiting. I am a trader/investor in many different markets. I am not dependent on the income from steem. When I started I liked the interaction, still do. I believe this platform have potential. However it is not achieved critical mass. Also the front end of Steemit is in no way user friendly like any of the popular social media platforms. Therefore it’s funny that you commented that you have to talk about steem but no one need to talk about YouTube:) I agree
I exclusively invest in projects. Few for a long time. Most of them didn’t survive. Lower prices and long bear market in the alt coins made it tough for most.
I think it's increasing and not decreasing. It's just not very fast. There is a lot more work to do.
Steem is not just steemit.
Projects like Splinterlands are doing really well and keep going up in market cap and amount of players (around 2500-3000 now). It's the best on-chain investment I made. It generates DEC (in-game currency) tokens for me every day and my card collection value has gone through the roof.
Steemhunt is doing cool things and has recently launched https://review.hunt.town/.
3speak is making nice strides onboarding new and more well-known content creators.
Dporn.co (Another decent on-chain investment I made) is slowly growing as a community on Steem for Adult Content.
I talk a lot about Steem, it drives some ppl mad I guess. Can't help it, love this place and the potential it has but I do know I will have to stop at some point :)
It is good to be passionate. And I didn’t mean any disrespect with my Monopoly money comment. As I told you I have vested interest for this platform to succeed as well. But just comparing with real world. Current market cap of steem is 53 million while it is not a good measure, but a well accepted measure. Comparatively speaking market cap of Twitter is 33 billion (which is still considered a dud of a stock). 4 day trading volume of Twitter is about 53 million. In other words after 3-4 years of existence 53 million is a dangerously small number. That’s all I am saying
I like how you explained this! If people knew what we are armed with to empower the masses/the people, then we would go haywire on the deconomy. It’s actually cool that steem is still a camouflaged Dragon amongst blockchains. As i mentioned, i believe organic growth with quality users is really what steem is good at in its consensus. People that stay and believe are the smarter ones. I think because people don’t know this yet, steem might take another dip and we might see lower prices if this is a btc bear market. Lower BTC prices might take steem further down because useless coins are hyped in the market anyhow? With opportunities to power up more with steem at these low rates, makes me wish i could get more satoshis right now to put into steem. Once fire will catch wind through the permeating news about the actual value and the capabilities of the network, 15 cents is an incredibly low price and a bargain for freedom. If the future of the internet lies in networks empowering people to earn their part of what the worlds largest corporations are now making, then undervalued here never means to underestimate the epic proportions of growth that will surely follow!
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may i suggest you to talk about crypto in general than steem only. Self praising raises doubts among potential investors
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Without a catalyst for growth STEEM will remain sideways...
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We have effectively had a lot of airdrops with all the tribes and that's going to put downward pressure on the price of Steem. Its also easy to earn DEC and some other tokens, exchange them for Steem and then sell it. I like to buy Steem Monster packs with fiat, so I don't have to buy Steem for that. Most alt coins are still in a bear market, until that turns around, it will be hard for Steem to gain in value. What I hope to see is Steem going back up from its current position of 82 on CoinGecko. I remember Steem used to be close to DigiByte, that's at 56. Maybe when we lose the whales that are powering down, that's a realistic target? I have been selling all my alts and buying Steem and if the prices dips again, I'll buy some more but I'm not risking too much, as I don't want to have fear of losing it. If I have fear, I'll sell. If its money I can afford to lose, I have no problem hodling it.
Even bitcoin started with few cents and took so many years to get the 10k $ mark. In the beginning , it was not even worth to buy anything with it.
What comes easy will not stay long and that stays long won't be coming easy.
Man I wish I could try uploading to @threespeak 😔 I can’t get it to work! And I don’t want the 21 Steem fee to go to waste for the month. I hope somebody can help me troubleshoot. Let me know if you have any tips @exyle!
Hey man, I would ask around in the 3speak discord channel. Maybe it has to do with the video format you are trying to upload. They should know there what the problem is.
Thanks I will check that out. I am trying .mov which should work according to them. Maybe it’s my browsers or something.
It's way to early since the HF to make any judgements as to its success.
A related question is why do so many people expect near instant results?!?
A more realistic timeframe might be months, years even!
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