I Just saw this post by a dear steemian where I learnt that steem has fallen
from $4 to less than 50cents. Perhaps I can attempt an answer from a
laymans point of view. If I saw something in the shops that I loved that had
plummeted by over 75% in price my gut instinct would be to buy.
When it comes to stocks and shares a different kind of analysis/perspective comes
into play--if the price is going down it must not be worth it. Why the change in
perspective? Perhaps we feel the company will go bust? That is a "valid" concern.
I remember when I was looking at property many years ago in a region where
property was cheap at the time,perhaps one third the price of a London flat.
The flat in question was tiny, dirty and unkempt -though structurally sound.
I turned my nose up at it thinking no wonder it is so cheap. One year later its
price had quadrupled and I could no longer afford to buy.
My conclusion is this:- we all need to hone our instincts to lead us in the direction
that we need to go so that we recognise the correct opportunities when they arrive!
Just started following you. For myself, since the beginning, I told myself that I would have 1 year before judging of the future. But the amount if development is staggering right now and I cannot imagine this platform going anywhere but to millions of users.
i hope you are right-i will be following you too in support
I think the platform will last. I don't know at what price it will be valued at however. PS I'm your eleventh follower.
Yeah, thank you for being my 11th, I think it will --we just need people from facebook to come over!
Nice image...
ha ha, i've started to upload new ones now --depending on the topic -as per your last advice.
i love the name papa pepper--great name for a sauce--or good name for a friendly old sage :-)
There's the key!
yes i guess so!!!