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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?

in #steem6 years ago

I agree to an extent but not fully. The Blockchain Technology is widely known now more than ever before Because the pioneering coins had gone before the rest the pave the way and you still want crawl whilst the road is free.

'Seize the Day' and make most of what is before you.

If Steemit is waiting for the trumpet to sound before they start some kinda marketing then I'm sorry bcos the paramount thing then wouldn't be Steemit but something that meets the need of that time.
Let's assume Facebook and Youtube starts this same model of curating contents for a token, what do you think would happen to steemit?

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Exactly!
I love Steemit but these predictions are way over blown

I do agree with you it is human nature to over extend short term forecast, but it is also human nature to under-extend long term forecast. It's much-much harder to see Steem at $1000 and even the absured $10,000 say in a decade. The ironic thing is that the greater error is often made in the latter not the former, and often by more than a factor of 3. People could not see 100MWatt of electricity use after 50 years of expansion, in fact they plan for max use of only 10MW. We are beyond 100,000 TeraWatts now.

$50 to $100 Steem (or more as it often overshoots in a bull run) is achievable in the mid term. I hope you hold on to yours, it would be worth 6 figures based on what you got today.

they already do, it's called advertising, but here are some of their rules:

  • you need minimal 10,000 views
  • top contributors get less than 30%, rest goes to company executives and shareholders

That's like saying you only get paid after you reach Rep 65 here on Steemit, and for every $1 OP and Curators earn, they get taxed 70%.

You're new here right @rowlandokoli?

Welcome and go read my 1st reply to @battebilly below. Learn and make a bigger impact, at the very least a bigger impact on your wallet.