I'll start with something positive to cheer things up. STEEM is full of all sorts of people and many of them don't have much knowledge in trading, markets and economics. To make the matters worse, we have Keynesian myths spread through colleges as legitimate economic theory. Many don't even realize that Economics is not an Empirical Science but a Synthetic A Priori Click on the link to read more on the matter. Also check out the comment section.
The Chart
It's just a quick chart I made to highlight a point/trend. There are all sorts of theoies about Technical Analysis. I wouldn't go into them. Try to think of it as advanced pattern recognition/meta-analysis. Markets are complex. But history tend to rhyme itself. That's why many Technical Analysis put emphasis on fractals. Here we see the pattern of a downward pointing triangle repeated with a change of angle leading to price stabilization.
Nothing with good fundamentals can be kept down forever and crypto is hard to manipulate than things like precious metals. I'm expecting a slow and steady rise to start in the next few months resulting in a cup and handle pattern. People are mostly used to the bad news now and lots of developments, MainNet releases and groundbreaking products have been released during the bear market.
Crypto usability is also getting improved. So be happy and be positive.
Netcoins And The Farce of Democracy
This post might actually hurt some feelings. But I have to say this. The whole Netcoins voting thing was a farce that I refused to participate in. I've sen many similar E-mail based voting contests getting rigged at the last minute. Generally it is the smaller projects that finally end up doing the "cheating". We saw XVG, PAC and INS being around the top with some unknown and worthless projects getting a considerable amount of votes.
Look At The Results & Know That It is Democracy
Some people are disappointing in Steemians for not voting enough. Some Steemians were also participating in this "cheating" and I don't think they have any right to complain about some project with 10 million and 15 million USD marketcap along with previously hacked and XVG get to the top without having much merit compared to STEEM. You chose to participate in a cancerous system.
I've seen so many people complaining about stake based voting and asking for account based saying 1 account - 1 vote is the way to go. Unless you create the Chinese Social Credit system on blockchain, the results would be the mess we saw with Netcoins. Account based voting is the greatest vulnerability to a governance system that is easy to manipulate at a very low cost.
Is Netcoins Even Worth It?
First of all I really hope this whole voting thin was a marketing gimmick from the company to bring awareness. A crypto company should know which projects are good enough without having to resort for a vote. When Binance hold a vote, they pre-select coins and simply use the voting to measure interest in traders and they allow you to buy votes via BNB. If Netcoins cannot do enough research on which coins to list, they already suck as a company and I wouldn't value them much no matter what their promises are. At this point this newly created website has mostly just promises.
Also note that bethereum.com is a betting platform on Ethereum that already has DPoS based alternatives with even higher marketcaps. Also you can check Google Trends. I used Byteball to compare things. Byteball is doing as well as Netcoins
Was it even worth the effort? After all it was just a $30,000 USD listing. Check out their blog at :https://www.gonetcoins.com/newsblog They already have Wagerr (WGR), CloakCoin (CLOAK), Triggers (TRIG) listed and STEEM is just stooping too low trying to get some votes in. We need to take pride in who we are and put no faith in systems that are made to be Sybil attacked.
The Sybil attack in computer security is an attack wherein a reputation system is subverted by forging identities in peer-to-peer networks. It is named after the subject of the book Sybil, a case study of a woman diagnosed with dissociative identity disorder. The name was suggested in or before 2002 by Brian Zill at Microsoft Research. The term pseudospoofing had previously been coined by L. Detweiler on the Cypherpunks mailing list and used in the literature on peer-to-peer systems for the same class of attacks prior to 2002, but this term did not gain as much influence as "Sybil attack".
- Wikipedia
Dear Steemians, Have Some Dignity - Know Your Worth
Don't be like some looser trying to impress a girl. Think objectively. I'm seeing many posts popping up expressing disappointment in community for not voting enough. I visited the contest site few days ago and figured out that it was beneath me. I urge you to track the performance of the coins that did get listed. STEEM is already on Binance, Bithumb, Bittrex, Upbit, Huobi, HitBTC. Now go to https://coinmarketcap.com/exchanges/volume/24-hour and check where these exchanges rank when it comes to trading volume.
So don't blame Steemians because they didn't tried to fight a broken rigged system that was probably a mere marketing gimmick from Netcoins. Be smart and get your priorities straight. Don't follow the promises; follow the numbers and facts. Don't follow a system where inequality isn't an inherent function of the system. When there are no kings or counts, it merely means that everybody is poor.