I'm super new to this entire world—the Steemit ecosystem as well as cryptocurrency—but my formal training is in memetics (an opulent way of saying I study memes); I cannot believe how sophisticated the Steem blockchain is. I'm a lefty and now I feel like a "trader" in some vague sense of that word b/c the blockchain is so philosophically engaging, being truly designed (and not planned?).
To return to your point: I think it's a combo of being too early and already being priced in, but also that this stuff is simply too complicated and unfamiliar to people that markets aren't reacting to day-by-day news, not as they would with any other commodity or currency (crypto and not). I posted last night about the bigger picture as I see it from a meme currency point of view, which is all I could do to keep myself from looking for more information lol
It's true that this is way more complicated than other ways of doing social media. This is not your regular Facebook thingy, that's for sure.
On the other hand, those who are really versed in this may suffer from a bit of "information overload". It's simply too difficult to catch up with all the news from all the projects you are interested in. So, almost paradoxically, markets may react slower than the actual businesses.
I'm super new to this entire world—the Steemit ecosystem as well as cryptocurrency—but my formal training is in memetics (an opulent way of saying I study memes); I cannot believe how sophisticated the Steem blockchain is. I'm a lefty and now I feel like a "trader" in some vague sense of that word b/c the blockchain is so philosophically engaging, being truly designed (and not planned?).
To return to your point: I think it's a combo of being too early and already being priced in, but also that this stuff is simply too complicated and unfamiliar to people that markets aren't reacting to day-by-day news, not as they would with any other commodity or currency (crypto and not). I posted last night about the bigger picture as I see it from a meme currency point of view, which is all I could do to keep myself from looking for more information lol
It's true that this is way more complicated than other ways of doing social media. This is not your regular Facebook thingy, that's for sure.
On the other hand, those who are really versed in this may suffer from a bit of "information overload". It's simply too difficult to catch up with all the news from all the projects you are interested in. So, almost paradoxically, markets may react slower than the actual businesses.
Amen. I feel like I need a fan in my brain now that I've been active here!