RE: Vlog 442: Why hasn't the STEEM price gone up yet?
When Steem turns around your stake should be more than sufficient. There is no reason to add unless you really want to.
I still invest in Steempower mainly because of the RC credits which I think will be very valuable when Steem grows and also because STEEM will become the main trading pair vs SMT's (Steem-Engine already has shown the potential of these tokens).
Currently, it is nice to have more Steempower for curation and the ROI it provides while I wait for the network to grow. I think #newsteem will help a lot in that regard.
The main focus of my blog has always revolved around Steem. When that is no longer wanted (for example: on youtube, nobody talks about how great youtube is) I will stop blogging and make my SP work for me in other ways.
Ultimately, I want to use my stake mainly to lease to or invest in projects/applications/communities for a decent return on investment.
I think the only person that can convince you that this isn't monopoly money is yourself. If you want to invest you can always do it later. There is no rush.
My trouble is that the penetration of steem is so small and decreasing. I have no problem in waiting. I am a trader/investor in many different markets. I am not dependent on the income from steem. When I started I liked the interaction, still do. I believe this platform have potential. However it is not achieved critical mass. Also the front end of Steemit is in no way user friendly like any of the popular social media platforms. Therefore it’s funny that you commented that you have to talk about steem but no one need to talk about YouTube:) I agree
I exclusively invest in projects. Few for a long time. Most of them didn’t survive. Lower prices and long bear market in the alt coins made it tough for most.
I think it's increasing and not decreasing. It's just not very fast. There is a lot more work to do.
Steem is not just steemit.
Projects like Splinterlands are doing really well and keep going up in market cap and amount of players (around 2500-3000 now). It's the best on-chain investment I made. It generates DEC (in-game currency) tokens for me every day and my card collection value has gone through the roof.
Steemhunt is doing cool things and has recently launched https://review.hunt.town/.
3speak is making nice strides onboarding new and more well-known content creators.
Dporn.co (Another decent on-chain investment I made) is slowly growing as a community on Steem for Adult Content.
I talk a lot about Steem, it drives some ppl mad I guess. Can't help it, love this place and the potential it has but I do know I will have to stop at some point :)
It is good to be passionate. And I didn’t mean any disrespect with my Monopoly money comment. As I told you I have vested interest for this platform to succeed as well. But just comparing with real world. Current market cap of steem is 53 million while it is not a good measure, but a well accepted measure. Comparatively speaking market cap of Twitter is 33 billion (which is still considered a dud of a stock). 4 day trading volume of Twitter is about 53 million. In other words after 3-4 years of existence 53 million is a dangerously small number. That’s all I am saying