🎥 Will you stay on STEEM blockchain, if STEEM drops to $0,15? (Question to Steemians, Developers, etc.)
Hello dear Steemians, Dtubers and members of DCooperation!
Crypto is in a Downtrend. It is still not clear when the Bear market will end. In a long run I am big optimist about crypto, but in the next months we may see prices much lower than the current ones.
I just want to ask the Steemians (including the Developers of dApps) who is ready to stay on STEEM blockchain even if the price of STEEM drops to $0,15?
I also want to ask @heimindanger (CTO of D.Tube) if the platform will be able to survive in the following scenario:
STEEM drops to 0,15$. The Number of active users of Steem blockchain drops by 40% or 50%. Will the concept of D.Tube still be able to remain viable (profitable, cost effective).
We should understand that in case some dApps go out of business due to the bear market, a chain reaction may start, which will have a solid negative impact on the whole ecosystem.
So, I just want to know which of the dApps have done some kind of stress-tests and think that they are ready to survive in case STEEM drops to 0,15$ or even lower.
Also, I would like to ask the developers of dApps to tell us, how we (the users) can help the ecosystem survive in the bear market. I think the bear market will be here for quite some time.
▶️ DTube
▶️ IPFS
Yes, because I am being paid more to upload content here than I would giving it away for free. Steem, once powered up, stays as is regardless of the fiat price. One the fiat price climbs, the steem price is worth more once sold and once earnt. But either way it's priceless as it's my stake in the blockchain.
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Don't have a choice. I have no bank accounts, credit cards, or ties with the traditional banking system of any kind. I find it very hard to move funds around, even within the crypto realm. I've been able to amass about 1300 Steem between my account and my wife. This took several thousand dollars of initial investment to power our accounts, and in terms of time it took one year, a few hours every day. Currently we're down over 90% and there's nothing we can do. Even if it goes to zero, we're going to have to go down with the ship, because we're chained to the railing!
I believe I was here before it was at 15 cents. Of course I would stay. <3 The true hearts will and it's going to be awesome seeing friends finally be able to afford to buy #Steem.
@lyndsaybowes, thank you for your great comment. I will also stay on STEEM blockchain. I am not going to Power Down, although the market enter the phase of "Capitulation". So, I think if I sell my SP now, I can buy back twice as much in a couple of months...But, I will not do it, in order to support the community. My well being doesn't depend on my investment in STEEM.
I keep remembering when Steem was at $7.00, so many people were saying, they WISHED they had bought Steem at 30 cents. I hope they are buying now. Or maybe it's the same people complaining about the low price now. ahhaahaa.
@lyndsaybowes, we will see if these people will start buying STEEM now. Btw, I asked you in your last post something about your homestead: "Do your chickens/hens lay (produce) eggs? And, in case, you answer is "yes". What do you do with them? Can you sell them for money to other people in your neighbourhood?"
Ooh I'll answer here, yes, we have the chickens for eggs, we have 30 hens, and 2 roosters. <3 <3 I give most away haha! Though I have one regular customer who buys them with fiat. I would prefer to trade, that is the future goal!! Trading with locals for other goods that I need. Cut out all the middle men lol.
@lynsaybowes, I wanted to propose you one kind of business. Let me tell you what I mean. You may create a farm in your homestead and ask for funding the Steemians. Let's say you want to buy 100 chickens/hens (from those ones, in order to save their lifes). We will send you STEEM into your STEEM wallet. For exampe, I can buy 5-10 chickens. You will also make some kind of accounting and tell us how much STEEM you need in order to maintain the farm per month. So you can calculate this costs. So, the Steemains will invest in your business. But, you will later distribute to us some part of the profit, in case your farm will be able to produce eggs and sell it.
So, it means we (the Steemians) will save the life of some chickens, you will run a farm (if you like it) financed by a community of Steemians. And, if you sell the eggs for fiat, and later pay us back part of the profit by STEEM, it means we will enlarge the adoption of STEEM and support the STEEM blockchain. Because there will be a direct link between STEEM and fiat. :)
I will chew on that...thank you!
What happens to the 50% of chicks that are born male?
@drutter, I think they just enjoy the life in the homestead.
I know from personal experience that the roosters like to run out and antagonize delivery drivers. Ha
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Okay, well to answer your question, I'm assuming you are referring to @cryptospa's above proposal. What he is referring to, is that the factory farms here, when a laying hen is 18 months old, they get rid of the hen, and sell them for 1$.
So there are no roosters that come from the factory farms.
Now, when I hatch my own chicks, because I breed them, we have to kill the majority of the roosters. Some we eat.
Oh. That kind of makes it sound like a proposal to profit off (and make profit for) factory farming of sentient birds, but I guess that's just my animal lover side speaking up, heh..
I bought Steem then... and all the way down. Ha.
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@marksheppard, it is nice that you stay positive.
I’m not very positive lately, actually, but I’m trying really hard. 😜
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@markshepperd, how did you get your STEEM Power?
You spelled my username wrong, but it's all good. The STEEM power that this account has was mostly earned through rewards.
But the STEEM I bought early on, I used to buy a lot of upvotes. I don't get crazy that with that anymore at all. Mostly because I feel like I wasted a TON of money on that.
Hello my beautiful Steemians (DTubers)!
Thank you for commenting and sharing with us your thoughts! I do appreciate all your comments. Sorry, that I couldn't answer your comments earlier and have done it in the last 40-50 minutes. As, I say I am cryptocurrency analyst and FX analyst. So, today was very busy day for me at work. I was a bit overloaded with work. Anyway...Thank you for commenting and sharing with us your thoughts! I do appreciate all your comments. Sorry, that I couldn't answer your comments earlier and have done it in the last 40-50 minutes. As, I say I am cryptocurrency analyst and FX analyst. So, today was very busy day for me at work. I was a bit overloaded with work. Anyway...
So, let me tell what I think about the current situation. First of all as I understand none of the dApps developers has answer my question I asked in the video. Probably, they didn't see it. So, yes, we (the Steemians), who mainly use the ecosystem to post, upload videos, communicate with each other are ready to stay here even if the price goes to 0! Because, it is fun to be here. It is great global society. People are friendly and supportive. And, of course, at the end of the day we can make some money (get rewards) for our activities. There is no other such beautiful place in the internet. We almost live in Utopia. Everyone loves our ecosystem.
But, the question is can we keep our ecosystem running in the Bear market, that is going to be here for quite some time. Are the dApps going to survive at these low prices. Are the dApps able cover their expenses (in fiat money) if the STEEM price drops to $0,15?
For example, D.Tube appeard in July 2017. The price of STEEM, at that time, was over $1. Even $1,20-$1,50. Now is much less. How D.Tube is going to adapt to these changes? Is their concept going to be still viable? The same holds for the other dApps... So, I thought that some of the developers will notice my video and let us know what they think about the situation. But, we still don't have an answer.
Of course, we want to stay on Steem blockchain, and are ready to stay even the price drops to 0,0000001 $. But where we will stay? Imagine your beloved dApps disappear such as DLive did. Where will meet each other, if there is no platform?
And in my view, Bitcoin is in the phase of so called "Capitulation" that I showed in the video. When BTC and crypto will hit the bottom is still not clear. Until Bitcoin community doesn't solve the scalability issue, the price of BTC cannot go up. It will take quite some time until the BTC community solve the scalability issue. The Lightning Network of BTC and LTC is/are expanding very slowly. I don't know if we have other more advanced solutions to the scalability issue. So, probably we have to wait at least one or two more years for the issue to be solved. Of course, some kind of miracle may happen...It would be nice.
Yes, one day crypto will start rising again (if BTC solves the scalability issue, or some other cryptocurrencies). I am a big optimist. Crypto is the future. One day the market cap of crypto will be trillions of USD. But, I just want to support the STEEM ecosystem as well, to help it survive. I cross my fingers for STEEM.
@cryptospa, I will stay for sure, of course no power down, but the opposite. I really think now is a best timing for
Powering Up!
That is my advice for all Steemians!
@yanipetkov, thank you! Nice to hear that you will stay whatever the price of STEEM is.
I totally would! Steem has a bright future and I’d buy at that price!
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@mcoinz79, I also beleive in the STEEM community and I hope that we will be able to withstand the winter on the crypto market.
The people posting when steem is at 0.30 are the same people that will be posting if it ever hits 0.05. I think the bandwagon posters are long gone and only the hardcore are left now.
@johnhtims, thank you for sharing your point of view with us. Yeah, probably at the moment most of the Steemians, writing posts, are the STEEM true believers.
Great video with a lot of informations mate!
Awesome!
Regarding your question: I will stay here as long as steem exists. I don't care about the price and since the blockchain development is now targeting new cheaper ways to maintain witness servers - the overall costs will decrease and it hopefully become reliable for ourselves to maintain a server :P
But I am optimistic about the steem price. We just need some time :)
Peace!
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@tibfox, thank you for your valuable answer. I always appriciate your answers. So, thank you for stopping by. :)
I also will stay on STEEM blockchain as long as it exists. I will not stop Steeming, if it depends on me.
Yeah, I hope the tech geeks of our ecosystem will be able to make it and keep it operational even if the price of STEEM drops significanlty. I hope they will find a way to optimize costs, or find some better technological decisions.
We, as Steemians, will, of course, do whatever depends on us. So, we just have to keep on Steeming.
Yeah even just because the awesome community and all the connections to awesome creative people we created here :)
I am sure the developers and side projects like oracle-d and so on are doing their work really well. We have just some days/weeks to wait until the price goes up.
But also the ecosystem needs more investors and less people doing powerdowns amd selling steem. This hurts the cryptocurrency the most imo.
Peace yo!
Happy steemin!
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Ill be here plugging away no doubt about it, when I got here Steem was 3 dollars and it was hard to get stake and have a say now I’m ramping up faster than ever
Many of the authors that I met that had huge accounts got in during the 8-20 cent range and grew their accounts like crazy in a short period of time only issue was they sold off and continue to sell off since it came to them too easy
I don’t mind the rewards as much as I used to, now I just chat and have fun and if I get something for it cool! I’ll be around if it dips so come find me 😬
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@chekohler, thank you for commenting. Glad that you are going to stay on STEEM blockchian. Also, it is nice to hear that you enjoy chatting. Have a great day! See ya.
If it drops that low and survives I’ll buy a huge amount of steem!
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@alexabsolute, yeah! The same holds for me. If STEEM price drops to $0,15 or lower and the ecosystem survive I will buy aggresivly, as well. So, I hope that our beautiful ecosystem will be able to withstand the Bear market.