In 2018 SMTs could put Steem in the TOP10. In 2019 you're out of your mind. There will be a lot of competition in 2019. In my opinion in 2019 it might in fact even be in the middle of a bull market which could mean the competition could have the opportunity to take the spot Steem is in now.
Steem has mostly lost value for it's entire chart life. Technical analysts know Steem isn't a good store of value.
@dana-edwards, I think we both want the same thing: a healthy Steem price.
And instead of assuming what competition might look like in '19, how about we just take Steem's current strengths.
Which put most other cryptocurrencies into shame. However, the market isn't logical like that - otherwise Bitcoin Gold, a cryptocurrency with nearly zero traction, wouldn't have 1.5x the market cap of Steem.
Well, I'm not a TA and thus believe in hands-on value, which Steem has enough of.
Except for the fact that the market is up since the announcement, lol. Not that we make decisions based on what we think the market will do, I hope most people have a better understanding of how markets operate than to expect us to do that. We make our decisions based on what is going to make Steem more valuable for developers. Full stop.
Was the comment towards my comment or dana-edwards, as I don't really get the connection between what I wrote and your answer.
That said:
Completely agree with you!
No, I was agreeing with you! :)
I guess , you could say
Developers Developers Developers
Developers are important but it's also an ecosystem. If you only focus on developers and not on the users then you have problems retaining users. If you only focus on developers and not the gamers then the how do grow the ecosystem?
I don't think it has to be either or. I think why not support both? Why not set aside some time and effort to find and implement ways to drive demand to hold the Steem token or Steem Power?
No doubt , they should invest more in user acquisition via marketing opportunities and more for user retention.
This is what I see: https://coinmarketcap.com/currencies/steem/
The BTC value of Steem has consistently been drained out except for brief periods of time when it rose. In May to June 2017 Steem was "profitable" in BTC value. In Dec 2017 to Feb 2018 Steem was also "profitable" in BTC value.
We saw a trend reversal also in April but it was very mild. Since April the BTC value has been slowly draining out of Steem. I merely ask is there going to be any concrete actions or plans by developers to bring Steem into a state of "profitability" or to put it differently, a state of sustainability for sake of the reward pool?
There is not one blockchain/project out there who could compete with steem (the blockchain) and steemit.com (the frontend) in regards of social media experience and actually active users.
With HF20, I am glad that account creation will be much cheaper then it currently is. I have two projects in mind which I am going to build in the next two years who will use Hivemind, SMTs and with that communities.
EOS can not compete with Steem as people would pay more then 15 USD for an account creation.
Can you point me to any competitor who could replace steem/steemit in the next year?