Every post that I’ve seen so this week has the effect of trying to depress and discourage me with crypto and Steemit.
Why?
I know it’s been a bad couple of months for your portfolio. We all felt the January bloodbath. Then it leveled off again and then declined again. At the moment there is no sign of a large recovery but coming into December most coins were at this level anyway. Bitcoin has taken one of the worst hits but for most of the alt coins it only feels so bad due to the huge run up until the new year. Every coin was making huge gains. You couldn’t lose no matter what you bought.
Look at it this way. When I first joined Steemit six months ago the price was $1.33. Today, even after the steady decline for the past 2 months it is at $2.80. More than twice what it was.
This time 1 year ago the price was $0.08.
Just 8c per coin. Now that is some major jump in just twelve months. If we manage to see the same level of growth over this next twelve months, STEEM would be sitting on a price of $98.00 per coin.
(Now I have to say that I don’t think that it will in twelve months, but I do see it getting there at some stage.)
Yesterday there were 63,000 people active on the site, with over 800,000 accounts on the block chain. All the areas on Steemit that I use or enjoy have more people participating and there are new tools coming on stream every day. We have finally heard about movement on the SMT side of things and are eagerly awaiting the airdrop of vice tokens.
Personally I can see a lot of positives here at the moment.
What I would like to see coming on site next would be better communities so that people can find better content. It can be very hard to find the right people to follow on the site and even harder to get found when you are starting off. Getting those first 100 followers was a struggle that I wouldn’t wish on any user. Luckily I found some good people who helped and guided me towards the next one hundred a lot faster and easier. Looking forward to hitting 500 and upwards.
I would like to see an end to the infighting between the whales as I really find it off putting for the people further down the chain. I can be so frustrating to see these people who should be leading us into the future fighting between themselves over rewards. You can’t even have a say in case they decide to destroy your account to which the average user has no defense.
I would like to see a system in place to help and nurture our brand new users so that they stick with it through the first couple of months and get into a position to really enjoy themselves.
(I would also love to see STEEM hit $98.00 but we still need to have something to aim for next year.)