Unfollows and doing it right now
I just read a post by @whatsup mentioning that she had unfollowed me. I can accept that. Some people get really upset if someone unfollows them but I see it that if someone doesn't bring value to my feed (not about agreeing or disagreeing) why follow? People shouldn't be offended by this either as tastes change as do needs.
I need to clean my feed from time to time because many people tend to go through a strong start and taper into useless, especially when prices are down. As I see it, if someone can't maintain some semblance of quality when price is down, they are unlikely to be here long-term because the swings can be quite severe. I prefer supporting long-termers over short and people who bring value to the platform, if not directly to me.
Having said that, @whatsup didn't actually unfollow me, the system did along with a couple of others on her list and @timcliff is looking into the issue. I didn't know this was possible so I will have to keep an eye on it and run through my follows to see if I can notice anyone missing and do a clean at the same time. Two birds, one cup stone.
Talking of upset people and price, yes, price is down quite a long way from the heady highs of December and early January so I thought I would have a look at the top 10 largest swings in the traditional markets and here is a chart of the largest one day percentage swings of the Dow Jones:
Out of the top 10, only 3 drops are within the last 80 years and only one after the turn of the millennium, in 2008 with -7.87% in a day. Pffft. Of course, the amounts we are talking about in a global economy is absolutely massive but percentage wise in crypto, swings of this size barely get blinked at. The implications are quite different though.
For example the recession of 2008 is still felt, the banks required trillions in bailouts and companies struggled despite nothing of consequence actually changing for most. This is something I find interesting with the economy and influence of the markets as even though a business can essentially do exactly the same level of business it was doing just a month ago or in a month, the share price can swing wildly. One company I was training at had 2/3rds of its value wiped in a year yet, had increased its business significantly in that time. It is a little ridiculous if you think about it.
Anyway, what is interesting is the difference in rate that these things change from a psychological perspective. I think people in the crypto markets are relatively resistant to the swings as they are used to the volatility but, they are also extremely impatient for the same reason. People (including me) are hoping for a speedy recovery but we think it is already dragging out. For example, Steems all time high was $7.31 on January 3rd 2018 and it has dropped a very long way in the 8 months to now. But, the last time it was at the level it is today was only 10 months ago. That is quite a swing and an even larger collective mood swing.
Psychologically/Emotionally, I think that the immaturity of the crypto markets is carried in the immaturity of the traders involved (including me) as we are somewhat like petulant children in the back of a car asking "are we there yet?" over and over and over. This is partly because the industry itself is populated with people who haven't seen the long term effects of a recession, many were toddlers or not born when the global recession of the early 90s forced their parents into things like double mortgages, like it did mine and interest rates on homes looked more similar to that of credit cards. I myself was only 12 at the time.
As a group we suffer from instant gratification issues which is part and parcel of having received everything at a very noticeable increasing rate of return. There will never be a time where a webpage loads fast enough or, a movie can download quickly enough. Tell that to the people who were on dial up and waiting 5 days to get 40 megs of data down and would watch as images loaded in bars, a second at a time.
When it comes to wealth development and potential, a lot of ground work generally needs to be done in order to create the space to build upon but, a great deal of patience is required in order to allow things to grow and fall into place. Delayed gratification. Patience is not the same as inactivity though, it it is waiting for the pay off. They say 'Patience is a virtue' and this is true in the moral sense but, 'Patience is a value' from a wealth perspective. I have spent far too long being patient but inactive, as no doubt many others have been and currently are.
Right now is where the future gains are made for individuals as this is the time that seeds are planted and cultivated to give them the best opportunity to grow. It is the time skills can be developed, relationships built and understanding created so that when the next swing comes, one is better prepared than the last. Waiting for rain after the drought is useless if there are no seeds in the ground.
Which brings me back to the follow unfollow issue. Even though I don't take it personally (I don't keep track) if someone unfollows me, it is an indicator that they think that I am not bringing enough value to them and therefore a signal to review, just in case it is part of a trend. My aim through my content is to bring value to the community even if not every piece is valuable to each reader. Some may support because I support them directly through my content, others may support because I support others directly and they hope that in ding so, it will lead to an improvement in the overall system. If people think there is no value in what I offer, that is fine too.
In time, with a lot of fields ploughed, seeds planted and some good weather, Steem could grow into a pretty great community that is filled with many talented producers but, at no point will it not suffer the slings and arrows of outrageous fortune, there is always going to be ups and downs, some fast and some very drawn out so, get used to it. This isn't just for on Steem though, life is the same and often, protracted periods of personal recession are longer than the boom times so, make hay while the sun shines.
Right now, although many don't realise it, the sun is shining. It will be right now that people look back at when Steem is at its next all time high and say, "I wish I had..." Right now isn't the time to passively wait, it is the time for actively planting, developing and delaying gratification while the seeds take root. Patiently waiting for a result in one area, doesn't mean there is nothing to do in another as poor conditions to do some things are perfect conditions to develop others.
Taraz
[ a Steem original ]
Right now the sun is shining as I stayed up way to late again! At least I get watch the clouds be lite up with some light as the day starts.
I’ve had instance where I thought things where showing up late into my feed. I’ve yet to experience any odd things going on regarding people I’m following going missing.
I tend to keep the amount of people I follow rather low. Make it easy for me to manage both my feed and the list. Also makes it easy for me to check up on people just in case I don’t notice them not being in my feed for a while. I feel for you people who follow a lot of people.
I personally don’t keep track of who follows or unfollows me either. I have more important things to do. If one or more follows or unfollows makes or breaks me. Well then I might need to go about Steemit another way. I would much rather have people happy with what is in their feed then feel they have to follow someone.
I do the same as I feel I can keep better track and it is more useful since I do not consume a great deal and, I am trying to tighten my direct support a bit. Comments get support always.
Yep. I don't know who has the time for it. I use Ginabot and have my settings on the bare minimum plus a few accounts I track because I hate notifications.
Something I need to do! I followed way to many people when I joined. I need the drop 90% plus
i read the post by @whatup and i hope they resolve the issue. I noticed something similiar when I followed @wafrica yesterday, only to check later to see that I wasn't following.
As regards low price and inactivity on steemit, I believe it's a resulting effect of the reward system on the platform. Like the price mechanism in demand and supply, suppliers tend to increase their output when prices are high and reduce it when prices drop, leaving few producers in the market to cater for the huge demand. This would later lead to an equilibrium where price matches output. However, on steemit, the producers are also the consumers, thus, when the authors (producers) are not available to supply content there is few people available to consume them.
So what will lead to increase in price of steem? From the little I know about stock market, this would be basically be information available about investment, technology, etc
As a small account holder this period of drought is an opportunity for me to create a niche for myself by filling the gaps left by more popular authors who aren't around at this moment. So low price, like I said in @whatsup 's post, favours small account holders, who are mostly from third world countries and don't mind the little payout because it is of much value to them than those in first world countries.
This is the interesting thing as even though it favours like you say, often thy drop off also. It is interesting to not how people deal with various aspects of investing either themselves or their money.
Un-followed by someone is always okay for me, why they should follow me if I don't have things they are looking for. what I can do is only make the best content i can and enjoy the contents i like.
I think for long term commitment the price of steem or SBD is the most important thing, I am happy with what I get, I can power it up when the price is low as it is.
Lol the classic "I wish I had..."
Yeah the opportunity is big in crypto land. Not the time to sit by!
Definitely not a sit around period but, many are doing just that.
I review on a monthly basis as I can recall reading somewhere if you have non active members on your list it could affect your reputation score in the future. It was one of Asher's posts.
I am not sure about it affecting but perhaps in the User Authority algorithms it is a factor. Following inactive people could be a sign of poor engagement or, a follow bot. Of course, I follow some just in case they will post although they rarely do.
I can be impatient sometimes. I'm usually wondering what everyone else's rush is XD
That unfollow bug is weird, can't remember if I've stopped following people I should be following. Should probably also do a cull but I always feel bad about it x_x
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Yeah, it is interesting I think. Following is much easier than unfollowing. I suspect there is the bad feeling and a sunk cost fallacy at play.
I wasn't aware of this fact, and it shows the huge bull run that happened at the end of last year and beginning of this one.
Yep, a lot if not the majority of people involved in crypto are young people that don't necessarily have too much experience with investments.
Regarding the unfollow issue, that's not normal at all but I haven't personally notice it.
Big and fast bull.
Supposedly happening for 5-6 months to people. strange.
😂
;)
I scanned all the comments here and didn't see anyone else make reference to this. Not sure how I feel right now! :D
I’ve unfollowed people too and it’s not something personal ever...like you said. Sometimes when we have limited time we need to prioritize our feed to not miss things.
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