RE: STEEM - Crucial Level Reached
Gentleman! Fingers are crossed!
It will give me heart attack, If Steemit is not able to hold the frustrating situation.
In our country, a popular company koinex exchanges get closed last month.
These days bitcoin surge is not good for cryptocurrency.
Lot many coins are under threat!
I am not so much expert in these graphs and tactics but my heart say that the model of Steem is antique.
It is something that should continue till my life! Unlike koinex to whom I predicted to get closed within month and it got closed in next morning!
But still stark terror ceases my heart.
Few three months of my life was not good for sure. So, I still fear for steemit.
I will say steemit to hold for 2 more years under whatever circumstances.
Thanks Gentleman @retinox.
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Yes... steem has missed to bring up SMTs which use steem to use the steem blockchain. Now steem-engine has taken this part. Since we have many tribes now with their own token there is simply no need anymore for steem. It has a decent inflation now but no usability any more if the upvotes are done with token of the different tribes. Maybe somebody can offer a different view and tell everybody why it is still worth to invest in steem - would be nice to hear it. Well, I'm still holding steem and I get some rewards by SBI (Steem Basic Income) which is always nice anyway...
Koinex closed because of regulations from the Indian government. They are in fear to loose control and not being the only rich people in India any more. So they need to protect the establishment and shut it down. So fortunately it has nothing to do with bad expectations concerning bitcoin and altcoins.