Well, we got a working blockchain (which in itself beats out most of the top 100), a huge and active community comparatively and some great development coming out. I firmly believe "perceived image" was this blockchains worst enemy. Circle jerks, whale wars, especially the Ned announcement. Take you pick.
If this can somehow be turned around, then we have all the ingredients to be a strong player in the crypto markets. the wheels are turning, it's just the momentum that has to stay consistent. As always, I remain hopeful, buddy. :)
I agree with you 100%. When CEO's sell it's usually a sign to sell yourself. The circle jerk game is still going on and the whales are still very much in charge. I remember hearing aggroed (sp?) on a podcast telling someone how great the steemit blockchain was when he mentioned how less than 30 people controlled the majority of the currency. What kind of an outside investor would go for something like that? Steem may rise if cryptos as an aggregate rise as well but if the overall market goes down there really isn't anything in the way of steem becoming demonetized which is what seems inevitable. Maybe the devs might come up with something to save things, one can only hope...
Honestly, buddy. I see this whole space built on nothing but hope and promise. We buy digital assets, see numbers on a screen and assume it equates to a certain amount of wealth we own. This is a crazy concept the likes of which the world has never seen before in history.
However, I'm counting on "technology" casting the winning hand when all is said and done. So yes, at this juncture, it's all experimentation and speculation. How in the hell did we all end at this point? :)
I agree that when the company is selling, it is a bad sign.
Also agree that this is all built on hope and imagination.
I do think that companies and CEO's can be wrong. I don't think they really value what they have and are not developing the true value that they have.
So go ahead and sell the coins and let others develop that value (steem-engine..cough, cough)
I may be wrong, but I am willing to bet on it :-)