Low STEEM price has quite a few benefits!

in #steem5 years ago

Surprising, isn't it?

And in a FUD mode, that's counter-intuitive.

You gotta release yourself from FUD, to be able to fully grasp the benefits of the these low STEEM prices.

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Buying Opportunity

The first one is logical, it is a buy opportunity, especially if you have a long term horizon for your investment. But again, one will not take this opportunity if all s/he feels is fear, uncertainty and doubt.

You can think in terms of potential increase of the investment on the long term, which is highly probable, starting from these prices. Or you can think of the increased influence, becoming a minnow if you are a redfish, a dolphin if you are a minnow and so on. The possibility to vote with a higher value and/or more at lower weights, thus curate more. The possibility to delegate to the projects you want to support in the future. All these much more than in the present, but that's if you decide to take the plunge and buy around these prices.

Increasing STEEM Distribution

Steem has often been accused of not having a high enough distribution of shares, with 35 whales owning 58% of the total vested STEEM as we can see in @arcange's report from yesterday.

Even so, the distribution of STEEM to smaller accounts is better than bitcoin's, where during the last 4 days, 7 miners control 83.9% of the total bitcoin hashrate.

If we were to do math like a first grader, 7 < 35 and 58% < 83.9%, which means less centralization or control in Steem than in bitcoin. So Steem is doing actually good compared with bitcoin.

And we will be doing better as time goes by, because it's been a constant trend for a while that the influence of whales in the ecosystem goes down as more people join and power up.

But if one or more whales decided to sell some of their liquid STEEM, this is an opportunity to shift the influence balance quicker, if smaller accounts buy (like redfish to become minnows and minnows to become dolphins). If this or these whales sold when the drop started and will buy when the bull run starts, they will win too. Different strategies for different people and for different kind of involvement in Steem.

Improving Business Models

With the dropping price of STEEM in fiat, business owners started to think their business models more thoroughly. Or at least that's what I hope they'll do. After Steem Monsters' well thought out business plan, Utopian described at SteemFest that they'll look for a complementary revenue stream, besides the rewards pool. Who's next?

Opportunity to Fix Glitches

That's the opportunity to watch, and if possible, find fixes.

We witness some extreme market conditions, which surfaced a few minor display issues of account balance (apparently solved?), and also the displayed payout values and the median price feed, as @exyle has reported.

Let's keep an eye out for any other glitches.

Conclusion

The question is, are you looking for the benefits of these market conditions, or for excuses ranging from bad decisions you took in the past to buy high, the size of your account compared to December, the number of active steemians now, the low payouts and so on.

Stay positive, I know it's hard sometimes, I'm a living proof for that on occasions, but I also know that being negative about it won't help!

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