I typically refrain from posting about investing, because I see a lot of it on this platform already, but I felt like speaking my mind a little bit. These upswings really get the adrenaline pumping, and these downswings, can really put a damper on ones mood. After the fake news leak with South Korea, saying they were about to ban Bitcoin, everyone went into a panicked frenzy. Do you blame them, the hardcore investors are selling so that they can re-buy in at an even lower price. The Sheeple get burned, and everyone hodling gets burned as well.
I still have the majority of my savings locked away in mutual funds in the so called real world, so I am not overly worried each and every time a crash happens. I do want to see this platform and a select couple of Altcoins along Bitcoin succeed. But in my opinion in order for any of these currencies to be taken seriously the price needs to hold at a relative margin. You can't have massive price fluctuation, every other week, or no one in the real world can accept it as currency.
I remember Steam the gaming platform was once accepting certain Crypto currencies as a method of payment, but people returned the games when the price increased, and bought them back at a lower price. After this happened enough times the Steam gaming platform said were not doing this anymore, it isn't consistent and we are losing money. I think in order for Steem to succeed the price will have to be able to hold within a 5% margin for at least a few months and I just don't see it happening in the near future. In order for a currency to be used as a currency you need to be able to spend it and in order to spend it the price needs to be more consistent. So with all this going down, I have to sometimes ask myself is the Steem Dream still real?
Just a little rant, about price fluctuations, I hope not everyone is quite as frustrated as I am :)