Time for celebration! STEEM is its own animal. It is not tied to Bitcoin price. STEEM IS A SAFE INVESTMENT
Why do you say this @intelliguy? What do you know that we don't? FREE LESSON
THIS IS RARE!
I've been in cryptocurrency since 2013 and this is a rare event. A REALLY RARE EVENT
When Bitcoin goes up, it raises everything with it
When Bitcoin goes down, it lowers the price of everything too
STEEM price is detached from Bitcoin. It is a crypto-species unlike any other I've seen.
In the really old days... like super old... like the last 2 years in cryptocurrency history means "super old".. it is common to see everything (meaning ALT-coins) go UP with Bitcoin, and go down with Bitcoin.
- If Bitcoin is doing well, everything is doing well
- If Bitcoin is doing poorly, everything is doing poorly.
ALT-traders know that. Bitcoin investors know that.
Except, we have a new, a very new, rule of thumb.
Whatever Bitcoin is doing on the charts, has no bearing on the price of steem.
Steem can do well regardless of what Bitcoin is doing.
WHAT MAKES STEEM DIFFERENT?
STEEM is not an ALT-coin. It's a completely different animal of every other coin you see competing against Bitcoin on coinmarketcap.com
STEEM is a community. It has experienced investors, and new users, creating a growth rate and a demand unlike any other coin out there.
STEEM is a BETA chain that has surpassed expectations. (Yes Tone Vays, I'm talking to you)
Wait a minute... who is this "Tone Vays" you are talking about? Never heard of him?
When Dan Larimer created STEEM with his team of programmers and developers, Tone Vays said that STEEM was a scam. It could never outlast its first year of operation. It won't work. It couldn't hold value. Tone Vays refused to create a steemit account, nor would he ever buy a single STEEM.
What Tone Vays failed to mention, is that he's human and prone to error like the rest of us. Tone Vays did admit, he's a Bitcoin maximalist, which means he's 100% into Bitcoin and 0% into everything else.
Well today, if you visit coinmarketcap.com you're going to see exactly what I'm talking about.
Go to the first page of coinmarketcap.com and see lots of RED numbers, lots of charts going down just like Bitcoin is going down. Scroll up and down that chart page and look at everything.
What will you notice?
STEEM price didn't even flinch. It's hovering along just fine and it doesn't matter what Bitcoin or the rest of the ALT-coins are doing.
This is time for a celebration. STEEM has proven it is stable. It might even be more stable than Bitcoin for volatility!
...and....
- ...for second free advice as to why.. I'll tell you why....
User adoption of STEEM is at an all-time high (more than it was just 6-12 months ago).. We're gaining more new users and more new interest each and every day. That includes investors too! Not just bloggers!
If we had a closed loop of interested people that would have stopped coming by now, then yes, we'd rise and fall against Bitcoin's price. That isn't happening.
..that isn't happening because we're seeing numbers and growth similar to what Twitter, Facebook, Reddit and other huge platforms did in their early days.
If this is still the early days for STEEM and STEEMIT, what can we expect to see?
Massive growth both in user adoption and much higher prices in our future. Get ready.
Fine print. These are my opinions only. You decide. I think it's obvious. What do you think?
I just realized something.. I never explained how to best celebrate... re-steem, upvote, and share this post. We need to make this loud and clear there is something going on over here, so people realize it and get excited too..
My next prediction: STEEM over $10 in 2018...
P.S. I haven't had a big post like this in a very long time.. Thank you for the support!
I am afraid steem will price down very soon, as KR keeping controling cryptocurrency but steem are pumped by kr exchange!
boom upvoted i agree yes steem is now on its way to $100
This is great news for us . Steem is one of the very few crypto currencies with a genuine product and use case , not just a bunch of day traders looking at charts all day to make a quick buck.
Unleash the beast! No utility like Steem in the crypto space!!
Fully agree - even though it is down ~5% now, when you look at the chart, it is just a slow decline down versus the precipitous drops others are seeing
It bodes well for the next leg up
$25 would be awesome - others are much more bullish
Cheers
A little down is normal. A lot down would mean we're tied to Bitcoin. 5% is tiny. Many coins when Bitcoin drops lose 15% to 20% of their value over the last 7 day period. The steem chart looks quite healthy. That's how I know it is detached from what Bitcoin does. :)
I think this is because Steem generally isn't that much hyped as other coins have been. So the value mainly comes from it's community.
Which could also make Steem more resistant against the 'BTC falling effect'
5% is nothing in crypto
My next next prediction: STEEM over $10 in first quarter of 2018 and over $20 in second quarter, between $30-100 by the end of 2018
This is a great post, @intelliguy! You make some very good points. It's really exciting that Steem is the first cryptocurrency to break away from the reins of BTC, and this will for sure lead to a very interesting future! I believe we will get a lot of new users here in the coming months, especially after the next hardfork, so prepare to see green numbers on Coinmarketcap even if BTC is red ;)
Wow ! Great job @intelliguy , and thanks for all the awesome information about our great Steem animal ! I definitly agree and see massive growth in Steemit to continue even more so after hard fork 20 and the SMTs are released , its going to explode with investors and new members for sure , and im sure Steem will easily surpass $10.00 !! And Beyond To The Moon , so hold onto your hats in 2018 folks , We Are headed to the Moon !! Im now going to save up my steem after todays sell of 170 steem on bittrex to pay my rent ! As They Say HODL !!!!!
I love this platform , its changing a lot of lives for the better all around the world, Yippe ! Upped 100% and resteemed this great news !✌👍😀💕💲💲🎉🎊🎉🎊🎉🎊💰💰💲
yes
Hadn't thought of it in those terms exactly. I agree, we are on track to being the household name in social media and crypto!
I'm NOT a cryptocurrency expert. In fact I know very little about them. I have never bought any cryptocurrencies and know almost nothing about trading. Yet, when I entered the world of Steem and began looking at what was out there, I always had the idea in the back of my mind that Steem was something special. It was different than the other coins and I needed to be a part of this.
You, sir, have strengthened my belief. I'm thankful to have found this platform and trying my best to help make it grow. I've met some really nice people here and I admit I've become addicted to Steemit.
I can't see why Steem would not reach $100 each in the not-too-distant-future! In fact I don't know why Steem is not challenging Etherium and Bitcoin for those coveted top trading positions.