What will be of Steem after bubble?
Dear steem-bountiers
this time we are facing on a new crypto bubble with bitcoin rising over 11.000 usd and 60% of total market cap.
Unfortunately, Steem is not one the coins taking this wave and its position is going to fall day by day.
I remember when Steem was almost at same position of Waves around 40, then was 50, now not even in the first 70, so this is because Steem is stable coin or because is shit coin?
You know i spend almost 0,1 btc from when i am here in Steemit and now if i would see the Roi, i would say this is a scam like 2018 icos, so what will be of Steem?
As usual i put a bounty to get the answer from someone can give me some more info...
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Long term thinking is so important when you look at a project like steem. This isn't going to happen overnight and just because some other coins are moving doesn't mean all of them will. I have put a good amount of money into Steem myself and I wish that we would see Steem keep pace with BTC, but at the same time the short term just doesn't matter to me as I'm not looking to sell right now.
Personally I think people are crazy selling at these prices. There is so much upside potential compared to so many other coins yet people keep dumping coins as quickly as they earn them.
Dear @pifc, what do you mean about long term? 10 years? Because After 1 and half year i cannot see It Is short term in crypto and now Is time of bull market, but Steem Is day by day loosing position in market cap (now 73), so do you think Steem Is stable Coin that Will rise when market Will be again bear? I do not think so...☹️
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I'm looking 5 more years down the road. The next 12-36 months don't really matter to much to me. If there is a large spike I might sell some and stick it into a stable coin to wait for a pullback to rebuy. But otherwise I'm riding this out until the kids finish high school and my personal account is purely for them to not end up as far in debt with school.
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Interesting point you make mate I hope steem does not become a shit coin but it is declining I also really worry about steem after Facebook's Libra and what they might do with it as that is so much more main stream. Do you also see Libra as a threat?
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Everybody of us Hope that Steem Will rise, but we should be real and see what Is happening right now, market Is bull and Steem loosing position...☹️
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@intellihandling, In my opinion, Steem is not the only Project which is facing the down phase and if we observe and see carefully then the opportunities and what is unfolding on Steem is not seen yet by those projects which are listed higher than Steem. Like marks never shows the skill of particular individual same way ranks never reveal what is the actual use case.
And we all know that Cryptocurrency space is super volatile and investments can give massive returns or losses. In my case I've never invested in Steem and i have around 3000 Steem Power which is earned through Content Posting and Curation. In my case i believe Steem and in my opinion Steem have lot potential which will unfold over the period of time. Stay blessed.
Yes the only way to earn here Is writing post and partecipate in bounties, what i am doing Is promote every my post with steem-bounty but Is not profitable for me...
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Yes, i can understand it. In my case, i use my liquid Steem to promote my post through @tipu service, and if i use this service under 15 minutes after posting the new content then with the upvote we receive Tipu Tokens too. For example:
For 2.748 Steem I've received $1.524 upvote on content which was less than 15 minutes old + approximately 0.028 Tipu Token share which we can see on Steemengine.
Have a wonderful time ahead and stay blessed.
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For me I see a lot of development going on here and I think in the direction of long term.
Steem is definitely not a scam and for sure not a shit coin. You've got to be amazed with all it is housing on the blockchain for you to know that it is currently undervalued.
I know there'll be a turn around soon, so hang in there my friend. Cheers.
More and more cryptocurrencies are seeing the light.
I can not live from what I earn here not even bought 1 bread from it since I join.
I see it as an opportunity to earn and grow.
You can earn extra with the same post if you use the tag #palnet (palnet.io) and #sct.
You mean you cannot earn even for buy a unit of bread and i believe It because since i invested my Money here (around 0,1 btc in One and half year) my earn Is -500%, so not earn but loose a lot!!
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Yes that is what I meant. I like to know how those who say they are able to live from it do it.
We were too late, too early or?
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Every time I check the CMC it disappoints me because I have to scroll down way too much to check Steem price. And its never worth it.
I'm not sure if its because steem is generated faster than it is wanted. The demand never goes that up. Because ultimately it all depends on demand and supply.
Had drug wars continued to pay rewards in steem it could have gained much more popularity. I'm waiting for DW dollar to be launched. Its a steem engine token.
@intellihandling What do you mean by "bubble"? You mean that a correction will happen or that the market will totally crash? Because if it is about a correction, even if it is a bigger one, it's not actually a bubble.
I think STEEM will continue to grow in the future. Facebook is slowly dying, Instagram is getting boring and people want money. So Steem is the answer.
Bubbles Is when price of Bitcoin rise vertically in few time, this means speculators are on action and when you Will see news on TV about rising of BTC, this Is time where Wales sell and newcomers Lost their investiments...😣
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Yeah... that's quite typically for this market unfortunately
I don't see STEEM as a scam. Even if it fails (I don't think it will) then it still isn't a scam. Sometimes ventures don't work out, that don't mean those ventures are scams.
As for the price, I have no clue where we will end up if BTC crashes again. I joined when we at $3 - $3.50 for STEEM and seen a low of 0.24 cents so slowly moving back up seems like healthy growth to me.
Dear @rentmoney, did you see ROI of Steem? Even from the beginning, It Is minus and we are not talking from 2018 but from 2016!!
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ROI would be different for everyone. Some didn't invest a penny but have some STEEM.
When I say Success I don't mean the financial value of STEEM, that is just one aspect of success. The Steem price could dip or crash but also keep its community / gaming success its experiencing.
You are right in your concern about steem progress but instead of this there's alot of steemians claiming about having some thing good stuff for their living, so I want to suggest you to take steemit as passionately your part time job rather than you give up.
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