It's More Important Than Ever To Post While The Market Is Falling
In the midst of this '50% off all crypto currencies must go!' sale I just want to write a short piece reminding all content creators on here that it's now more important than ever to churn out your best work. Although knowing the volatility in this market, I wouldn't be surprised if by the time I finish writing Steem will be at $2 and I'll have to go back to edit this article to be about why we have pubic hair instead.
If you're fortunate enough to have not glanced at the crypto prices today, do yourself a favor and don't look at them - everything is fine! And don't read any further, in fact, unread the paragraph above this one, then just Upvote, Resteem and go to sleep, I'll let you know when it's safe to wake up again.
Otherwise, you already know that the crypto market today resembles the result of trying to go to the moon on the Challenger shuttle. The bubble that was building up recently popped harder than a teenager's acne. I haven't seen anything go down that fast since Bill Clinton was in the Oval Office.
The prices have fallen, is what I'm trying to say.
Protecting myself from prices falling be like...
It is difficult to not feel at least a little disappointed, and perhaps demotivated due to the lower currency price. But is this feeling really rational? Imagine a month ago when the price of Steem was at $0.23 I told you that the price will more than triple within 4 weeks (it's currently hovering just under $0.80) how do you think you would have reacted? There will always be market corrections in the short term when the hype fades but in the long run the price of Steem will reflect its underlying adoption rate, and on that front it's stronger than ever.
Steemit has steadily risen from a top 30,000 site top to almost a top 10,000 site in 3 months, with no sign of slowly down. Many new apps employing the currency will be rolling out very soon and new users are increasing exponentially. Its future success looks likely, but it is not guaranteed - it requires our concerted effort to keep the engine running full Steem ahead even during times of momentary setback. It is this very effort of producing high quality content that generates the underlying value of our currency and will ensure our success while other cryptos may falter and fade into obscurity over time.
I hereby invite you all to join me in committing to produce higher quality content more frequently during price downturns. Undoubtedly some will be less motivated, which means they'll just be more Steem in the rewards pool for the rest of us. If the number of users on this blockchain grow to a million, 10 million or even 100 million+ do you think the price of of Steem will remain at $0.80 forever? The biggest opportunity offered here will not be seized by those who do fuck all when the rewards are low after a hardfork or market correction and then start spamming posts like a Nigerian prince selling Viagra when the price shoots up and cash out; they'll only be available to those who invest their time and talent on here to serve the community and build a respectable reputation for themselves in the long run.
Oh and if you're reading this in the future, I don't really know why we have pubic hair. They don't seem to serve much of an evolutionary function and they're always a little bit curly even if you have mostly straight hair elsewhere, which is a little bit strange. Maybe somebody comes around in the middle of the night and curls them for you while you're sleeping...
Please Upvote, Resteem and Follow me @trafalgar =)
thank you for keeping the spirits high trafalgar. I completely agree with you, having been here since august of last year, i've been through the ups and downs and slight ups and basically just continued to post my stories and blogs because I actually really love sharing my life with everybody!
I think sometimes it's too easy to get caught up on whether its 'worth' posting when the prices are down, but when you have such a great community of positive people with long term views, it's hard to ignore the possibility of Steemit really carving out a globally significant niche in the longer run.
哈哈 客气了
I've been following your work not long after joining over a month ago, and you put a lot of effort into your posts, even right after the hardfork when the rewards were low. I'm glad you're on here and hope you remain here in the Steem community for a long time yet.
I think the community games a lot from blogs like yours that aren't just about steem and crypto price. Please keep it up and I'll see you around
And what you have done every since were satisfactory after all :) Hi how are you today miss @sweetsssj?
Totally agree with the joy of simply posting in this community irrespective of what my account is worth or what my post reward is. UPVOTED & FOLLOWED and will read your earlier posts. STEEM-ON!
Nice post. I see steem on my account like if I have 100 golden coins buried in my backyard. I don't need to know what the price of gold every day. I just know that they are there. And feel good.
As someone who has gold coins in his backyard, I agree. Have both, diversify your wealth and build new income streams as we get closer to the event horizon of a breakdown in the monetary and political system.
Where do you live again?
That's my man.
By breakdown in the monetary system I assume you mean even the U.S. dollar? And if yes...do you think ALL major currencies will fail on the exact same day...or that there will be one last one standing before even it is "painfully" eliminated by bitcoin, gold, and silver?
You are right, we know that somethings in there, something beautiful and beneficial. Although, we have not seen it yet but we believe it's going to happen and it will happen.
I think that's a very wise approach to looking at it :)
Sure it is. I'm sick and tired of all this fancy charts and graphs. They just drain the reward pool. People still don't understand what steemit and steem is. We have racing horse against donkeys in this race, we don't need charts. And don't need to push steem on exchanges so traders can made profits and steemians with no experience get burned. Price will go up, for sure. People comparing apples and oranges here. But hey, what do I know?
All that technical analysis can do is give you a measure of sentiment based on price at any particular time. If you don't believe in charts it is likely you don't believe that price is driven by sentiment..which of course is simply what anyone is willing to pay for ANY item or service at any given time based on their own perceptions. Thats what a "market" truly is. If you wish to ignore the advantage the analysis of "what people are thinking right now" that the charts offer. That's your choice of course. But don't say you can't measure sentiment...simply becuz you don't understand how you actually can.
I respect your opinion. You follow charts, I'll follow my gut feelings and life experience. After one year will see who's wallet gain the most. Have a great one.
Wallet as far as what...bitcoin? I won't own any bitcoin in the next year. What do you want to base the contest you proposed upon. You can simply pick your area of expertise...and I will likely still take you up on your 1 year challenge. :-)
Market crashes are nothing new. Wasn't expecting to happen, though I'm sure it will go back to normal. Steem on!
it definitely is!
Lol, same attitude I've had since joining.
Nice to see you doing so well and having so much fun. What a place this steemit is!
Who else laughed so hard on this?
LMAOOO
Pubic hair is a wicking mechnism for moisture, heat, and helps spread pheromones.😉
He got me at "then start spamming posts like a Nigerian prince selling Viagra when the price shoots up and cash out" lol
thats a big crack too. lmao
haha thanks for enjoying my silly joke :)
))))...прелесно))))
It's nature's "willy warmer!"
Me me me LOL
Great post @trafalgar - I am really quite new here and just finding my feet. Yes, it would be nice to start earning some decent payouts but for now I am happy to try and build a following. Hopefully when things pick back up I will be in a better position.
Oh, and pubic hair? It keeps your bits warm...so I've been told. Got to protect them from the frost you see.
Steem on!
Welcome @gmuxx to steemit! Hope you are enjoying it so far :)
Thank you. It's great, the sense of community if fantastic! Also very addictive
Yes it can be addictive...be careful! lol
ahh, and here I was thinking we were all given a portable crabs farm for some reason
Eew....
lol
Although, the platform engages in so much wealth and money, let us not focus on that. What we have to focus is to build relationship, since this is the core values of the platform. Social interactions and building connections all over the world. Who knows someday we will all meet in a very huge place :)
True that. Building relationships is key in this community as one person cannot stand alone just like a tree can't make a forest. It all boils down to the relationships really, because these are the ones that will end up upvoting, resteeming and commenting on your posts. I'm a Nigerian prince open to building relationships. 😊
Good to know that you are @timoshey
i did not stop posting even when rewards went to 1USD after the fork, im just addicted and nothing can change this
all good, as long as we keep on putting forth our best stuff :)
Posting is like more of a fun. Its hard to stop anymore because the more we write, the more knowledge we acquire. Posting content is one way of educating ourselves.
Same same same !
Thanks but I'm really looking for photos of pubic hair...
PS. It's been an hour or two, Steem is back up over $1 now, and I'm not going to shave off my pubic hair anymore!
lol
That's lot of curly hair :)
What the hell man?! I look to you to take my mind off of the problems of the world! I am now terrified! I mean seriously. This is the worst idea anyone could put in my head.
Oh I don't mean the crypto stuff. This is just an awesome opportunity to buy. I'm worried about that at all.
But now I have to be worried that while I'm asleep, someone is curling my pubes!
Thanks a lot! I may never sleep again.
As far as you pledge to commit to produce quality content during down times... I can promise half of that. I can promise to produce content. Quality is a whole other story. Perhaps I can commit to making my readers at least smirk a little bit. Or not vomit when they read my stuff.
I'll do my best.
haha we all know you produce some of the best stuff out there hans
Sometimes I produce it twice a day... then I flush.
But thank you!
You just need to lock them up, so you can sleep tight :)
Never think of the money in the first place. Do what you love and the success will come by itself. Steemit is more than just money. It's a real world society where you need to be part of the whole. Posts like yours remind me over and over again what counts most: the right attitude and motivation.
Thanks for the words and especially for this : "then start spamming posts like a Nigerian prince selling Viagra when the price shoots up and cash out"
LOL
thats a really good attitude you have there
I post more when the price drops and give others a chance when it goes up
I don't really think my posts are worth what they get, so to balance it out I post once every 3 days or less when the price is high
I usually write mainstream satirical pieces
Not long ago (like 3 months before) steem was just 7 cents, those who have invested more and kept with the platform are looking back at those days as best investment ever.
Thank you for sharing information with us, excellent work, I would like to be great as you and I am working on it, follow me and I follow you
Right, money is something but its not everything. There are far more important in the platform than earning money, its the connection and relationship we have with steemians. Relationships are priceless which value has no volatility and will never drop.
Steemit is still an experiment that is "likely" being financed by some of the windfall Wall St has created for computerized pricing algorithms dictating current "values" of pretty much everything. If the $$$ misallocated to those who are financially backing this venture that is steemit dries up, it will likely then be only the price of STEEM itself as the final thread holding this experiment together. Unless Steemit can come up with an alternate way to sustain itself of course. Being the first social media site that pays you to spew doesn't mean squat if there is no $$$ to pay you with. :-) I simply take the attitude that I don't care if I get paid or not. I use steemit as a forum to log all my thoughts and theories (generally about markets) at one place.I don't ever expect to make $$$ by posting at steemit. Certainly not becuz the price of STEEM cryptocurrency has appreciated tremendously anyway.
Could not agree more. In times of turbulence, in any market, never panic sell. That is when you loose money. In fact, if anything, try to find the bottom or close to it and buy-in because as we have seen with BTC and Etherium one day it can be worth virtually nothing, to skyrocketing up only to correct itself, shedding off skeptics and weak stomached investors. Then cooler heads prevail and it is not only back up but often times four and five times what the correction value was, or even many times higher than "bubble prices". But STEEMIT is 'content-creation focused' so your overall conclusion is correct. Absolutely do not sell and definitely keep on posting and doing your normal routine because, as my angry neighbors once said, "We Ain't Goin' Nowhere!"