RE: My Difficult Steem Investment Debate - Inflationary vs Deflationary - Dive Into The Deep End Or Keep Wading In The Kiddie Pool?
I genuinely feel that steem has just been unfortunate in the bear market. A lot of its value is/was based on the social media halo surrounding the coin. When the bull run was in full effect people flocked here in droves to earn free crypto. With the bear they have left/aren't coming resulting in a exacerbating push down on top of the general crypto nose dive.
I don't know about your crypto portfolio but mine is down across the board and Steem is a survivor compared to some. Several of my coins have been delisted and they were ones that most likely weren't scams. Just couldn't take the bear.
Ooft, I am rambling now but in essence what I am trying to say is that when the market turns, which it will, then the rewards you make will be the icing on the cake as well as seeing your investment rise. When coins are valued in mere cents their rise can be quite astronomical.
And it's not too be forgotten that the more mid sized individuals there are the better for all in the distribution of rewards.
So I would go for it. But... I completely understand the ideas behind not doing it too :0)
A social media halo is a nice way to put it. I never got too deep in the alts because I was initially not able to access exchanges where they were available (before I learned to dig deeper). ICOs were also very hard to participate in due to restrictions, probably for the best in most cases. Your point on coins in the cents is very valid. Lots of uneducated impulsive new buyers will seek a quantity discount when compared to buying a slice of a BTC. Steem will be one of those, partly if it stays on the top 100 of CMC for the novices to see easily. Ripple was a prime example of this a few years ago. Thanks for taking the time to share your ideas. I'm torn. I tend to opt for safer plays, but the utility and emotional value of Steem is very attractive if things continue to improve across the community.