Steemit going thru some growing pains (upbeat outlook)
It has been a rough couple weeks in crypto, and Steem prices have tumbled as well.
The pull back in price has forced Steemit, a company that uses the Steem blockchain, to cut back staff by 70% and focus on cutting costs, as it goes into survival mode.
At first, this sounds very bad. However, after listening to an hour long video with founder Ned, I am very optimistic this was the kick in the butt needed to focus on the most necessary functions.
The Steem blockchain is ready for startups like SteemMonsters to utilize in a way that makes both Steem and their startup's more successful.
SteemMonsters has gone from the millionth best website to closing in on the top 200,000 websites in just a few months.
That graph should give you hope. That graph shows that the Steem blockchain is ripe for companies to utilize and as word gets out, the Steem blockchain will thrive like it has never thrived before.
"One thing about championship teams is that they're resilient. No matter what is thrown at them, no matter how deep the hole, they find a way to bounce back and overcome adversity." ~ Nick Saban
Keeping it positive!!
Yes, it is the best way to see!
Here's to hoping things turn around soon!
Very promising last week, pretty sure we already touched bottom. BUY BUY BUY!
Hello Friend how are you? In truth, for many people, steemit is not good at all and they are gone, I keep my hope and my effort every day I will not leave, and after reading your post I am firmer and determined to stay
As a source of income I understand it is not reliable, and probably frustrating especially in tough times.
The beginning of any World changing project is sure to have issues along the way, and the truth is, the whole crypto market was inflated last year by the tether situation and that has made this year a LONG one.
If you are using your Steem immediately, then yes this past month was terrible.
But if you can keep reinvesting your earnings now into steem power, which because of the lower prices will give you more steem in earnings, when steem goes back up, you will have a much stronger account.
You have to stay in steemit and prepare for the future, thanks for your words and support always
I agree with you gank. This is the right time to invest in STEEM or Power Up your earnings. As a member since 2017 I know how it feels when u wish you could buy more SP at a low price. We might never hit this low again in future judging from that graph.
People think I am crazy but how can you not love it going down when you know it is the blockchain to beat.
Whether it goes up or down I'm happy :-). One thing I know for sure is Blockchain tech is here to stay. The bearish market does cause a few to panic but it doesn't mean we heading towards the end of the crypto world.
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That graph does show hope indeed. Steemmonsters' popularity keeps the future bright for Steem.
Steem price tumbled more today......I am buying more.
I am also accumulating.....leasing Steem Power.
Yeah I should get some more.
That will be the flicker of light that keeps hope alive, until we get our footing back.
We hope steemit come bacvk to normal and steem back to favour price cos its really bad these days
Yes but now we will earn a higher amount of steem in rewards......so when it goes up we will have more......this is the silver lining.
Ok. I have gathered some with your help
I aggree with you on this @gank I think Steemmonsters has attracted many to the steem Blockchain and we need more of such projects. This way, we are promoting Steem when promoting such projects.
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The pain is real.
At least for now.
A little positive gains has me hopeful again.
What's up buddy? this is how these weeks have been a scare for everyone, I have read many things but I think we are all trying to be positive and that is how we should continue because this is going to happen, markets are so unstable
We must continue trusting Steemit even when they are making those adjustments in their staff and platform I think we are on the right track
Greetings from Venezuela
Amen .... I hope it to get up soon, steemit is a great platform, it is also my source of income. So I'm very happy to read this news. Thank you. 😊
You are right these last weeks have been of concern for everyone in the field of cryptocurrencies we have seen how they have come down but you have to be optimistic this will happen
There are quarries, changes are always good although it is sad that they had to reduce 70% of their staff, I know that everything will be fine
Greetings friend @gank