I believe not many people have missed the great price surge in Steem and SBD the last 24 hours where Steem at the time of writing just reached $2.00. Although, undeniably the overall crypto market still resides in a quite bearish state which is something I feel is reflected heavily on Steemit.
Browsing through my personal feed more than a few authors post less frequent, some post with seemingly less effort, and some I haven't seen posting in a couple of weeks. The reasons for this are needless to say understandable whether it be a result of the lower monetary rewards, less trust in the platform, or lower reader engagement.
Looking at it from a short-term perspective, the alternative cost have risen in economical terms, meaning people are more likely to do other activities as the perceived value one receives from spending time on Steemit is lowered.
In simple terms one might think: "Since I only now get e.g. 20% of the rewards as I did previously from writing on Steemit I might as well spend some more time knitting or tending to my plant."
Another way to put it is that people are more likely to follow to path of least resistance and short-term gratification.
Because a period of downtime such as this allows for some serious gains to be made. Rather than taking it chill - this is the time to crush it, double down and in the words of Grant Cardone; to go 10X.
A list of reasons why you would like to up your game on Steemit when the market is in a slump:
- Less posts and activity means greater exposure for you and your posts, meaning more followers, long-term rewards, and engagement
- You'll be able to identify the hardcore Steemians that's in it for the long-run
- The possibility to build solid relationships and connect with these hardcore Steemians are heightened
- The followers that read your content and connect with you are more likely to be less concerned with the monetary aspect of the platform and therefore - in my opinion - more valuable followers
- Even if you decide to post less this is a perfect opportunity to enhance your writing and content producing skills without being worried you're "missing out" on any significant monetary gains, remember the alternative cost
- Read the first point again
I'm sure you can come of with way more reasons. I just want to make a point. Hit me up in the comments if you have any of your own.
Also, if you believe in the platform and the work you do here - the price fluctuations shouldn't affect your emotional state that much.
Really.
If you don't have an astronomical investment in the platform then who gives a fuck if the price is $1 or $5 in the short-run? If it is a big deal to you then you really should ask yourself why.
Worst case scenario is that everything blows up and you leave with - if you spent your time here well - a multitude of solid relationships, improved writing as well as content creating skills and an enriched mind.
Not so bad eh?
Executive summary; when the market is bearish it allows for great opportunity to double down on Steemit. Set yourself up for long-term success and fuck the short-term gains.
Until next time.
Previous Popular Posts
Wake up. You're already rich.
Order & Chaos
My Reawakening and Why Steemit is Fucking Flawed
Better You #9 : Crucial Advice for Success In Life and on Steemit
Previous Popular D.Tube Videos
The Only Relationship Advice You Will Ever Need
PURSUE YOUR VISION, OR DIE WITH YOUR DREAMS
My Number One Tip To Produce Better Content In Less Time
Simple HACK to Make Your Steemit Content Producing More FUN & PROFITABLE
Thank you @williamwest , I think you are totally spot on. And today I went ahead and wrote two blog posts ( the other one will be published tonight) Yep, Iam one of those long term hardcore players here :)
I also might double down and buy more Steem if we get close to a $1.
thanks again for the Post, brother
Nicely done Robert! I can definitely see that.
Also thinking about getting some more Steem if it drops even further
Thank you brother
Thank you for this post! I needed it! I have been slacking lately, time to step my game up.
Thank you right back brother 🙏🏼
The only thing I regretted while the market was red was not having the cash to throw at some steem. I am more than charged though to continue
postingcommenting for now.Hopefully with time, I'll be able to increase my reputation here by connecting with nice people.
And to be honest I enjoy reading posts much more than creating regular posts because posts like yours @williamwest gives the needed encouragement to keep on steeming.
Keep it up!
Yeah I feel you brother 🙏🏼
I have no doubts you'll succeed with your mission, glad to connect with you 🤟🏼
And cheers for your words, encouraging for me as well!
You are most welcome bro.
Yeah I have noticed the same in the last week or two - I wonder over the past few days if it is partly to do with easter holidays? People go away more and less likely to be spending time writing blogs.
Wonder if itl start to pick up again now the price rises again - people get scared very easily on here - it didnt make a huge difference to me, as you said it doesnt matter if Steem is $1 or $5 early on when your arent o invested.
Yeah didn't think of easter but could indeed be likely that it's a factor as well.
I'm definitely convinced the post-rate will go up as the price of Steem and overall crypto market rises 👍🏼
Well I know I was away and managed to do a few shorter posts but didnt have much time to sit around...
Yeah I do agree people get sucked into the hype of the price going up and then abandon ship when it dips - on the strong stay.. I do like seeing my account go up with the price, but im here for the long term so its allgood :)
I still got the faith!
Good to hear my friend 😉
Steem prices will eventually go back up also. I don't know if it will be in a month, 6 months, or a year but it will go back up. I will be stacking Steem till then.
Yep. agreed, agreed, agreed 💯
I think the loss of interest is not directly related to #STEEM and #Steemit. The overall cryptocurrency market has declined aggressively which have left many people disappointed and disinterested. There have been numerous articles about the decline in Google searches for Bitcoin and others. Many Youtubers have also seen their channel views also decline with the market. Unfortunately, the market are very correlated to whatever happens to Bitcoin. However, this may change in the future when longer term investors step into the market and invest in the major projects that have a viable projects that can grow. Given the flexibility and scalibility of the #STEEM platform, it could gain interest relatively quickly.
Yep I agree 100%, they are intertwined. And your thoughts in my opinion is just more reason to double-down on Steemit even more.
Thanks for stopping by.
This post has received a 9.94 % upvote from @boomerang.