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RE: Steem keeps falling. The silence is deafening.
I am new to steem. So far (30 minutes) loving it. Its a great information sharing platform. And love the remuneration part of it. Maybe we should see it for its true value. Information and networking. And not for money making purposes, that should come eventually... facebook wasnt build in a few months either.
Most of the new users would love steemit for about two weeks, after two weeks, more than 80% of them wouldn't come back .
"Some folks like this platform a lot and want to see it succeed. Those are the people that I think are most likely to put money in the pot now. "
"They aren't savvy investors."
the platform has to pay for the cost of the system ... 1st ... and it must test the 'witness' group by making it unprofitable for a long stretch.
i see a long run at the bottom. and you're right some of the better of the bloggers are going to sink what little USD they hold now and get burned. that will reduce the content quality as they lose hope/money.
HOPE is finding some rational business model at the bottom. Perhaps the 'promoted' feature starts to generate revenue.
Likely be a pay to play pitch too.
I've been around for a couple months and like it as much as ever!
Yep. Cool place to blog. Shitty investment at the moment.
I happen to disagree on the 2nd point, at least as an investment for myself. I wouldn't recommend an investment like this to my parents because we have highly different levels of risk tolerance.
But, if people always agreed on investments, we'd only have just buyers or just sellers; markets to trade the investments would cease to exist. Disagreement keeps people on their toes and makes things interesting!
People are getting anxious because they aren't making $1,000,000 off their posts and the price of steem is steadily falling. But that's ok, all we need is to power up! If everybody powers up there steem then the price will rise... Until then, we will have people questioning the users of steemit.