Once the STEEM price starts to reverse its game over. What you have is what you have.
If BTC can keep up this amazing run then it won't be too long before it will start dragging the alts up.
When it comes to the alts, even though I own many different ones, I only have a real love for one: STEEM.
I'm emotionally heavily invested in STEEM.
Steem is one of the most beautiful things I have ever been part of and to have seen and been part of this blockchain development from its infancy to what it is now has been an incredible privilege.
But Steem is about to change. In a good way. It's growing up.
But sadly growing up sucks on some levels, I like to compare Steem as it was, to a summer camp. Every day was fun with your friends playing and now you all grown up and are economically worth more but the feeling has changed.
It's better to see in a picture I guess. This was Steem, back in the day. This group of people and that's only 2,5 years ago.
When people tell me today that Steem is dead, I laugh. What else can you do?
One look at this place today and it's obviously the opposite.
I have always said that earning STEEM will be harder and harder in the future.
I always thought that the reason for this would be more users competing over the reward pool.
I realize now, that's only partly true.
I'm a blogger and content creator. I'm not the best but I like what I do and I'm fully aware that whatever I make for my blogs has mostly to do with the STEEMPOWER I have bought.
I'm not really ashamed of that fact, I have shouted it from the rooftops that STEEMPOWER is pretty valuable. I also never powered any of it down.
But it's sure not the most effective way to earn STEEM.
In my 3-year blogging adventure, I earned around 78k STEEM.
@nextcolony a game developed on the blockchain earned a 100k STEEM in two weeks.
Yeah, that's a much better way!
And then add the fact they have now have a stake of 100K STEEM over the reward pool that they will use to reward their userbase and not a random blogger.
I think in the upcoming years blogging as I have done and many others will be compared to early BTC mining.
Can you imagine earning 50 BTC with your laptop in 2010!
Can you imagine earning 50 STEEM blogging about a steak you ate in 2016!
And just like those early BTC miners, some sold what they mined and others kept it.
It's not hard to see what the better decision was in hindsight.
And that's also how I see STEEM.
Currently, STEEM is a price where it's still affordable.
Once this starts to reverse it's game over.
What you have is what you have and that's it.
Pretty cool and exciting too.
But realize I'm just talking about STEEM.
With MIRA, Steem Engine tokens and SMT's and communities, it will start all over again with many different apps and communities.
Communities growing around an app or community earning their own token.
With RC pooling the users of the future might not even realize that the base token that's running everything is STEEM.
For me, it's so easy to see where this is going.
It will be great to see it unfold.
Steem on!
I am part of witness @blockbrothers (Spot #38).
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect
We are the creators of Steemify a notification app for your Steemit account for iOS.
Get it Here:
The word "emotionally" and "invested" certainly do not belong in the same sentence.
Look, I get it that you like the platform. But being emotionally invested is a very bad idea. You're not married to your coins, never forget.
There's also no pride to take in the fact that you never have powdered down. Quite the opposite really.
Both @ned and @dan have powered down all of their coins. @dan has certainly sold and made that clear after being kicked out by @ned. And @ned likely has done the same, whatever he says the reasons are to have been powering down.
@aggroed and his team are doing wonderful things here, and I really do hope they succeed. I'm cheering for them!
But really, when we hit 10 dollars - and we likely will - please start powering down before we do and get out a million euros and buy a nice place for you and your girlfriend.
You'll be happy you did, the rest of the coins left are the "casino's house money".
No one that invests as much time in a platform as users do on steemit, has invested in steemit. When the hardfork cut function by a significant amount, it was emotional. A lot of those that hit this hardfork, left. The ones that stayed on steemit, were by definition; emotionally involved, by this stressor.
So those that remain, are emotionally involved, by the decision to stay, and to continue to contribute here. This also is a decision to invest of yourself in steemit. Since the decision has been made to invest time, and give of oneself to this platform those that have stayed are emotionally invested in this platform.
The one who are not, either left entirely (I lost friends) or they only open steemit once in a great while (no investment).
We are all inmates in this asylum...and are emotionally invested; but under treatment, LOL!
But steemit used to be a lot more fun, before it "matured"! So if you are NOT emotionally invested, why are you still here?
:)>I understand completely. It's a bad combination.
I do take some pride in never powering down because I'm trying to build a foundation here. And Steempower is the tool that will power it. That's why I put so much time into this place.
I did take profit when the SBD went mental. So I'm not unhappy. Because of the SP I had, I could earn SBD and turn it to Fiat.
I don't think anyone could have foreseen this downtrend. I sure did not. Not all the way to 30 cents!
The reason I never powered down was that I realized that blogging was the only way aI l could earn STEEM when it was $3. Buying was impossible. And I wasn't about to sell the motor.
PD would have been the right call. But that's easy in hindsight.
Now I'm buying. It beats blogging and is the only for anyone to build a stake.
Thanks for the reply!
STEEM is still the number 1 when it comes down to Web 3.0 social media and I really hope it can succeed.
But the sentiment is not in favor at this moment and it hasn't been for a while among the broader crypto community.
Mostly because the leadership has been... well... yeah you know.
@aggroed and his team have stepping up their game, and I'm really glad to see they did. We - kind of - have SMTs now! Which is quite amazing!
Let's have a look at this weedcash thing now...
Let me know when you set up your own "little steemit", I'm sure you will be testing it. I would like to set up one myself, but the price is a bit too high at the moment.
Who knows, maybe this is the emotion speaking but I just know Steem will be fine. I trust my own vision for it. Always have, and always acted accordingly.
I think for STEEM the key will be STEEM/RC delegation to power communities and tokens.
STEEM for rewarding content is on it's way out. SMT's will take over that roll in the years to come. STEEM will power all of it underneath.
Getting STEEM now with blogging and buying makes therefor 100% sense to me. But I know I stand mostly alone in this though. Time will tell.
Always nice to read your comments! Thanks, man!
I understand that and the way that delegating works in a DPoS algoritm is pure beauty. It's a great potential funding model, never seen before.
I do like the way the YT channel called EOS Weekly explains this. About EOS, of course, but in many ways you can replace EOS with STEEM in this video.
Explained in a great way, with the perfect design accompanying it.
War of Opposing Resource Models
I agree 1000% with what you say. The Steem ecosystem is really evolving in a way that is going to surprise people. The "old" model is being replaced by a new one that is going to create more wealth across the board. Those who are active are going to see the value of their accounts grow (albeit not only in STEEM) while having fun.
This place will look a lot different in another year or two.
Always nice to read your positivity!
Great post. You mentioned, "What you have is what you have." But that is unless you make BTC and buy more Steem. I sold about 50,000 Steem and bought Bitcoin about 1 month ago. I didn't want to at the time, cuz i don't like to part with my Steem. But, now bitcoin went from $5,500 to $7,200. Great decision. Now I can buy more Steem now that it is down so low. Woohoo~
Posted using Partiko Android
That's different. That's trading. (GOOD trade btw! well done). But most on Steem are going after the reward pool for earnings and that's going to be much tougher in the future.
Yes, I do agree with you on that one. It's going to be much harder in the future to earn. Lucky for us that we've been around long enough on the steem platform(s) to know that. This time around, I would like to play my cards right.
Posted using Partiko Android
I completely agree that the days of earning Steem by blogging are close. Being a blogger, I don't really like that idea. I keep hoping someone will develop a blogging app. Like Dtube, where you can watch Dtube videos only, but for written content. DWrite or something, or DBlog, lol...
But aside from my personal opinion, it is great to see the Steem blockchain grow in so many different directions at the same time...
I'm sure that will happen. The first version of what such a future might look like is Scotbot.
I saw the Scotbot announcement post.I don't know enough about the technical side to fully grasp the impact this could have. Guess time will tell 😉
Posted with
I agree with you completely! I'm working hard to gather as much Steem as I can before the price goes up!
Thank you. In this time of FUD it's always nice to see this kind of positivity. Steem on!
And I love how positive you are! We will all be celebrating together in the days to come!
Love the enthusiasm here but let's face it, steem will never do what bitcoin did. There is too much out there, inflation is high and there are competing blockchains. Bitcoin had first movers advantage, it is very difficult to mine compared to Steem and there is much less supply available. That being said, I love Steem l, am heavily invested myself and think it's a great platform. Don't kid yourself though, even now if you don't invest cash or cryptos here, it's very difficult to build up an account. You have to compete with curation bots, bidbots, and spend thousands of hours reading and writing. This is more of a hobby than anything else. But yeah if it pays for your steak, that's awesome.
Posted using Partiko Android
You are right. That's highly unlikely indeed. Bitcoin will be king for a long time.
When it comes to Steem you are right as well, hard to earn consistent STEEM without investing first now. But then again hard to use the BTC network without investing in some Bitcoin.
Long term SMT's or Scotbot will make this platform grow exponentially. To power all that through RC's will be the real value of Steem.
No blockchain is doing what Steem is doing and they sure can't do it as cheap as Steem can. I think this is extremely underappreciated right now.
But only time will tell. I sure believe it. Always have.
Never say never! Scotbot? Still waiting for someone to explain exactly how to log in on scotbot! .
It's great to see BTC spiking! I finally got Netcoins funded but have not had time to get the Steem into my wallet yet from Freedomex! The learning curve takes time and a certain mindset. 🤔 I am hoping to get it done tomorrow hopefully Steem does not spike today! 🙏 Love your blogs and don't seem to catch them often anymore. Keep up the great work @exyle 🌳🌲🌹🌲🌳
For those with the mindset that this is a long term, lifestyle adjustment, the learning curve is just part of life.
We are entering a new paradigm and are the ones learning early. The rest of the world is going to have to play catch up.
Everything we do today will come back to help us in the future.
Here's to hoping! I feel it though. I really do. It's a pleasure to connect tonight 🍻 Steem on!
I look at STEEM as long term, the long wait. Now I can be very patient like a vulture.
It only breaks my heart STEEM have been on sale for very long and due to my job issue I don't have spare fiat to buy STEEM. I hope the price of STEEM stays low for longer and I hope to get a better paying job soon so I can go shopping for STEEM.
Posted using Partiko Android
I share the same love you have for Steem. One of the things which are often overlooked is how relatable Steem is to the general population. I've always felt that it will gain a lot of attention during the first few waves of mainstream adopters due to the fact that it doesn't require an account on any exchange in order to do business. Eventually, we will start to see a lot more businesses accepting Steem. Who knows, we may never have a need to take our stake off of the Steem blockchain.
Posted using Partiko Android
You know what? STEEM FOR LIFE! 💪🏼🙌🏼😎
Posted using Partiko iOS