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RE: Stress-free hodling while prices free-fall
I have decided not to power down ................ever (if possible). Okay maybe I am being too hasty but my point is that if I can stick with verge coin (XVG) for more than 6 months then I can sure as hell HODL my steem for more than six years.
Cryptos are a patient mans game and steem is no different. If SBD manages to hold up to steem then fanatics like me won't have a problem living off the SBD while we power everything else up. Now that is a pipe dream but at the end of the day I am here to make steem and not dollars.
PS: "Hodlers don't need to panic. Well, unless they hold too long and the coin they are holding is Bitconnect." LOL!!!
If you see genuine long term value, then yes, you should hold. But if you are a serious investor, then you should re-evaluate your position regularly to see if what your invested in is going in the right direction.
The value in a social media platform is it's user base. At the moment, that user base in STEEM is more or less stagnant. Most people who join, post for a bit and then leave.
Decentralisation is great in theory, but in practice it means you have to use multiple tools to get the most out of STEEM. How many people can be bothered with that?
Want to know what you will earn? Go to steem.supply, want to check your account reputation value in detail, go to steemworld, want a native app for Android, there are a few available, but all have poor user experience. Want to convert your SBD to Steem, use the internal market (which most new users find very confusing).
Xerox and IBM were the power houses if technology. How many of you use their products today?
Steem is a great prototype and proof of concept. It's nowhere near the finished article. Considering the short attention spans of its founder and the steem Inc team, I don't see it getting any better anytime soon.
Holding and praying is not an investment strategy
In a world full of instant gratifiers.