RE: Let's Talk—Why Are You Not Buying and Powering Up Steem?
I think most investors was not aware steem inflation rate is no longer 100% but 10% per year compared to an adoption rate > x10.
Most people probably don't follow the evolution of steemit adoption rate statistics, they are too busy finding the next quick PnD on the market.
They don't take the time to study steemit ecosystem.
Steemit is one of the few crypto project with real and quantifiable value, no hype but fundamentals.
Crypto pumpers like the contrary 90%+ hype and expectation and low fundamentals because they are selling dreams to non educated investors.
They also like to control the supply to be able to easily manipulate and inflate the price.
They can't do that with steem.
A lot of new investors will be burn on these Pnd Scheme and will finally understand the need to invest in strong fundamentals projects.
As investor (not user) this is the reason why i buy steem and power up and hold, i know what i buy and how fundamentals evolve.
I have visibility, i am not gambling.
@damarth @firepower That I agree whole-heartedly. I have just joined this platform 10 days ago and have studied how the ecosystem work between STEEM, SP and SBD and am amazed by the ingenuity of it. It's really unlike a lot of PnD scheme out there.
The issue for me right now is getting myself noticed. I have just posted my first blog post https://steemit.com/crytocurrency/@rksleung/price-target-take-it-with-a-grain-of-salt and I really took a lot of efforts explaining how people need to not take really a short term view on STEEM. And frankly comparing my post to someone else who just post a picture of what they ate last night and receiving 10-20SBD, it's quite a bit frustrating.
Of course, I would like to power up and have in fact invested in some SP and tried to lease some SP but to no avail yet.
Giving CASH FLOW is what I really like about STEEM and that's what distinguishes it from others.
You are absolutely right about these points and the point about investors not being aware of steem inflation going down from 100 to 10 is something that I have noticed on several occasions. It pains me to see how some people still don't know about it!
I saw that and it only encouraged me to power up. I'd rather build a stash over a few years that I can draw down as needed. Not speculating. Network effect will naturally drive up the price as long as inflation stays low. At least, that's how it plays out in the real world.