It looks as if things are starting to turn around already. The price of Steem reached a scary low price and on the same day, almost as if it was coordinated it jumped up 30% up. In short I prepared myself to sleep friday night wondering how long would it take for the price to turn around, only to wake up to the fact that it had done just that.
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I was happy to see the people who resonated with the message I shared on my last post. I realize that to many the challenges ahead are nowhere close to being done, but none the less chose to not lose hope.
The reaction and comments of my fellow Steemians on my last post, remind me of the reasons why I decided to join this platform and share messages of positivity. I'm aware that some of the things I say are not for everyone, and to some they seem like misplaced hope, but that's only because many choose to surrender to a more cynical side, and not embrace ideas aligned with gratitude and acceptance.
If you are still feeling a bit worried and confused. Take the opportunity to see the last days as a glimpse of what is sure to come. Markets are almost always cyclical, and this applies not only to cryptocurrencies, but also more traditional financial markets that exist. In truth, the technology of blockchain and the cryptocurrencies that have been built with it are destined for great things, but only for those who wait, only for those who recognize the opportunity ahead of us.
In my opinion, the best thing we could be doing at the moment is taking the time to learn more about cryptocurrencies and more specifically Steem. Understanding how things work, the value proposition of the currency in detail, does wonders to keep the mind at ease, I can guarantee that much.
I read a little while ago someone stating that if a currency does not gain in double digits, then it must mean the currency was not any good. I think this way of thinking is very short sighted, and it does not take into account the way speculators and traders think and operate. A steady growth is sustainable. It means that the people who have chosen to participate of the market are willing to hold long positions, to believe in the long term vision of a project. The contrast to that would be the hyper rallies with double digits that more times than most are market manipulations designed to make a small group of people very rich.
So I ask you, and I mean this sincerely. What is your long term vision for the platform? Are you here because you understand how a blockchain like Steem can effectively change the world? Or are you here because someone told you this was and easy way to make money?
My line of questions may sound harsh, but I think they are necessary, specially in trialing times like the ones we are living at the moment. In truth, none of the things that are easy to acquire have ever been worth anything. Its because of this that I believe that the challenge we are facing is probably proof that this is a struggle worth struggling for.
We hear it all the time, we read things like this all the time. People who get scared and sell their holdings when things don't go their way. They buy into a project, not understanding nor willing to understand the system, but hoping that everything goes well. I ask you, Does that make sense at all?
I have no doubt in my mind the recovery of the market is already underway. Most of the information available at the moment indicates that things are ripe to turn around. It's because of this that I call this moment, an opportunity. For contrast imagine how all those people who panicked and soled their steem for a dollar might feel at this moment. I bet there is more than a few who are feeling pretty upset, and it's only been two days.
We will have to wait a little longer and see what this week has in store for us. But I'm willing to bet that the Bull rally is about to start.
Stay safe, trade smart if you have to or do what is probably the best thing to do. Hold your coins and practice some patience.
Regards to all
@chbartist
Why on earth is this post valued at 1230$? I think the answer on where Steemit fails is right there in your message. If I wrote this post, it would have probably earned me 0 upvotes and 0 reward. Through automatic upvoting, bots and those with a lot of money voting for others at the upper echelon, Steemit will never reach it’s full potential. Greed and wrong incentives are the issue.
I am not saying I create great content all the time, but literally all you write here is nothing new. I read it twice, I truly can’t see what is so valuable about your post. Just words mentioning the same thing everyone else mentions. Sorry to sound harsh, but anyone that can explain to me why this post is worth over a months house rent will sent 5 sbd.
I created a platform for people to study crypto together on Steemit, been trying to promote this for two weeks now, not a single comment or upvote worh over 1 cent is received. Eventhough the platform offers a unique chance for Steemers to learn more. Only reactions I got is bots, even my introductionary post was met by 9 greetings from bots.
It seems weird that there are not at least some comments from people on my posts. I put 8 months in the website and I still think it has a lot of potential for Steemit.
True this platform is not meant to earn a quick buck, but when I see posts like this earn 1200$ I am afraid to say, that even though I love the fundamentals of Steemit, the system is flawed? People are using the wrong incentive to upvote posts and clearly don’t upvote because of quality.
My conclusion, Steemit right now is all about bots and upvoting those with a large userbase, those with much steempower, rather then looking at true quality content.
Hey Penderis,
Thx for chipping in 😄.
Seems like a risky move to pay all this money, unless you have done it before and you know this works. Which really makes me ponder what is going on with this system, I have seen these types of rewards more often or posts with thousands of upvotes but no replies to the post 🤔
This surely can’t be a good thing, I think they are changing certain aspects now, not sure what, but it may stop this from happening at @smartsteem?
steem Kardashians made me laugh. But yeah I still wonder how much of the reward pool, finds it way in the hands of the upper echelon.
I don’t know if all this curation trailing and botting does the steemit network any good, I thought that the idea is that this is a peoples network.
People now feel almost obliged to join a trail, thinking they miss out, whereas I thought really participation is key in Steemit.
True it nice to not get your votes wasted, but it comes at a hefty price. Complacency and people just deciding to use a trail rather then to participate.
Also how do you rate the value of content, there is no real standard I guess? So if someone posts something original and unique, when does it become so unique it is worth over a months salary. Should there not be a cap or a standard that offers only extra ordinary content more than a thousand.
Should we value posts of people with a big following more if we know that most people just auto vote hoping to get a piece of the reward?
I don’t know, I feel the total reward of steemit should really be focussed towards true valuable content within reason. Within reason because the reward pool should be focussed at as much valuable content possible since that is what gives people an incentive to come back and grow their Steemit addiction in search for good content that enriches their lifes.
The more money is spent on a single post the less is left for other posts that could be valuable.
I guess I like to whine about things that seem unjust, unfortunately Steemit is very unlikely to change any of the above, perhaps for good reason. Mostly I hear the system will fix abuse, well the amount of weird stuff I seen in two weeks time and less than two hours of roaming Steemit, tells me the system doesn’t fix this and more policing and logic is required.
There must be a smarter way to get this platform back in shape again 😠.
@therealwolf I understand @chbartist has the money but feel that the cap is still too high considering his content quality. Surely some users need to be de-ranked or even given harder caps when there is clear abuse such as this?
Also a push for all the bots to use your whitelist with a cap across the board based on the current reward pool? <--bit technical , do not know what I am talking about.
Really just spitballing here - some standardization would be nice this is not youtube and we don't need brainless people to look like they are ruling steem.
I mention you mainly because I feel you are the only ethical "bot" owner on his list the others seem to be incapable of logical thinking which does not include profiteering. At the very least they can do checks to see what others have voted and also include that into the total cap.
@postpromoter, @appreciator, @upme, @upmewhale, @booster, @therising, @rocky1, @boomerang, @promobot, @sneaky-ninja
and the other money whores @emperorofnaps, @lordgod, @z8teyb289qav9z, @sirvotesalot, @enlil
I had a change of heart and I'm removing my flag.
I know it's counterproductive, but if we get a few thousand gullible people to buy STEEM and blog in this fashion, where they lose money, continuously; yes, millions of accounts will struggle and this place along with all of the other related apps won't thrive, but those of us holding tokens will get rich because of their idiocy. Once these few people realize they're losing money and give up, more will step in to take their place, so, whatever. Many who pay to blog here think they're successful, and write about it, so it's like free advertising. More will want to be just like them. They're not very smart, but this is good for the bottom line and I think we need less actual content here, and more of these people. LOL!
To top it off, nobody is telling these plankton and minnows they won't earn anything by voting for these trending posts, so let's keep that a secret as well. They think if they vote for a post with many votes, they'll earn more, but they actually earn less. Far less than they'd earn if they simply paid attention to each other. Don't tell them, nobody else is, and I think there's a reason for that. So let them struggle too.
Meanwhile, those of us who know better can make money from all of this. Win/win for everyone except those who blog in this fashion and the people who vote for them. Let them struggle, it's their choice anyway, so that means it's what they want.
