I honestly don't care about the money making aspects of this site. I know that teh entire crypto market is a giant bubble that will implode. I've said it before...I'll say it again...I'd be "shocked!" if steemit is even around in 1 year. Nobody will be making any $$$ posting spews anyway. Once the epicenter of this particular Wall St bubble (Silly Con Valley, Cali) implodes...so will steemit as the money dries up. I'm honestly here because I like the way the platform is setup. The only thing that is missing imo is that all spews should be timestamped. I think I upvoted maybe 100 times since I've been here and half of those were in a "joking" fashion. Blockchain technology will survive...and "perhaps" someday STEEM, BTC, ETC, ETH etc will be priced solely on the value of the technology. As long as the Wall St moneyrunners aren't doing the actual pricing there won't be a bubble. My minimum destination for the price of bitcoin is "whatever it was" when this first started trading on teh U.S. equity exchanges. This goes aaaaall the way back to the low on the chart...below $25. Actual bitcoin price has been and will continue to follow GBTC...and a "revisit" of that Aug 2015 low has already been "pre-ordained" by the past.
Btw, I've seen spews offering GRRREAT content such as "nice post" generate $5+ :-) Again, nothing but evidence of the tremendous misallocation of funds this place certainly is. It will all be ending soon...real soon.
I see your point and you could be correct , only time will tell. I believe Steem will be around after Facebook is. These steem crypto notes ensure free speech, that is why Steem Dollars etc will have value for a long time in the market place. I also enjoy reading what other smart people have to say, commenting and engaging with like minded humans. I dont really care about Steem income, its kind of a lazy persons pipe dream / joke in terms of a real wealth builder, my real job makes me more money in a month then most people make in a year so the point for me is, when I post somthing useful and a whale upvotes me, that essentially give me more Steem Power or Influence. The whole point is to help, hear and be heard, theres no point in being here if only 3 people are readying what you say...unless thats your goal.
My main objective is to log in my market commentary and have an easy, organized way to access it. Lots of people will claim to have "seen it coming" when the markets are trading 50% lower when they are now. I'll be able to prove that I called it right to the minute in many cases.
I think a market correction like that would be great. It would be like the dot.com bubble, shake out all the old and useless tech...
Oh, this one will be much more than a market correction and it "looks like" the SPY/SPX will be the firt one to top out. 1 moth ago teh RUT was so far behind I didn't think there was any way it was going to get finished off. I doubt it happens today but if the compooterized trading wizards can hold things in until tomorrow then Fri has a very good chance of being "black' Fri.
I dont know exactly when but I do believe a global currency reset will be forced by default in the near future
One of the things that I thunk was going to happen before complete crash n burn was that the bank stocks would all mae new 52 week highs. BAC will be the first major U.S. bank to implode imo. Janet put the kabash on it today.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=bac&x=57&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
The move lower in market driven rates was also an over-reaction to the Janet news so I would imagine this will be coming back to at least retest this low it just set and maybe that will send teh banks up on their final journey.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=53&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11