Real Traction Will Come in Due Time

I was listening to a CNBC interview earlier today and there was a great segment on crypto. If you've been paying attention to the crypto markets, you know that there's some serious blood in the streets right now.

There's a serious bear trend going on and we're seeing valuations pull significantly low.

Some people get frightened and FUD out of their crypto positions.

I'm not and I hope that you're not the kind of person who's fudding out right now. FUD is your enemy in these times.

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This is why I'm a huge proponent of fundamental analysis when going into an investment decision.

If you care truly about the fundamentals, then you'll never FUD out of your position for stupid reasons.

When you invest based on fundamentals, you ride the long-term trend of the growth of whatever you're invested in.

For Steemians, that means focusing on the growth of the platform and the updates that are due to come in the future.

HF20 was announced recently - finally we get a firm date on when we can expect an update to the blockchain and finally we see it being announced.

4 Days later and we're seeing STEEM drop as low as $.85!!! That's insane! Right after we get some great news fundamentally for the blockchain.

That's the problem with markets though - the masses are not very fundamentally inclined and are trading in-and-out based on emotional feelings.

I was talking to someone today who mentioned that they're very worried for the Steem blockchain now.

They're experiencing Fear Uncertainty and Doubt... Not good, I told them.

Why would you be afraid of the future of the Steem blockchain?

Me: Has anything changed fundamentally about the technology behind the Steem blockchain?

Them: No.

Me: Then what's your reasoning for wanting to downsize your position?

Them: Because the price makes me think that it's crashing!! How will it ever go up from here?

Me: This is a normal occurence in markets. Bear trends happen. If they didn't then everyone would be rich!!

...

You've got to focus on the fundamental improvements to an emerging tech "company" or platform.

Steem is constantly improving and now we're going to have a much better onboarding experience for new users with HF20 in September.

We're also seeing amazing apps like Steem Monsters and Dlive building themselves up on the platform!

How can you not be convinced that Steem is improving even if the price isn't going up?