Yesterday I talked about my investment strategy.
I set a baseline and I'm buying crypto with fiat when it goes under that.
It appears I bought at the bottom for now, so I don't have to buy today.
I'm sticking to this plan.
STEEM is behaving super strong in this downtrend and has already gone back to $3.70.
Considering that at the end of November 2017 STEEM was around a $1 the price is fantastic.
SMT's and communities
My dad is a programmer and a huge fan of Stack Overflow. A community of programmers.
I have been explaining SMT's (Smart Media Tokens) to him for a long time but it never clicked.
Until now.
I have project Peer Query to thank for this.
With SMT's it would be possible to reward contributions to Stack Overflow in the form of a token. You could upvote and reward the best answers or even send a couple of tokens to the provider of the answer as an appreciation.
It would even be possible to set bounties for questions you want answered.
The token will have value because it's tradable on a open exchange. (And maybe the community could even find more use cases for the token we haven't even thought of, adding to the value.)
Being able to thank others for helping you out or set bounties made even my dad interested in the STEEM blockchain and the SMT's.
Now you can also turn this around. For others being able to earn tokens would be an incentive to join a community and do their best to add value.
So, what I learned from this is that the key to explaining SMT's is to find examples people can relate too.
For example: it doesn't have to be a programming site. It can be a cooking community where you can thank someone for sharing a recipe for instance.
I talk about it more in my vlog.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
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Its great explaining something with a example. Because people are able to relate to those those situation which helps them to understand better. Many school in the developed world also use this strategy to explain difficult stuff to kids.
It's all going to kick off with SMTs. I can't wait to see the first sites that decide to run with it. It will open up so much opportunity.
That's exciting about your dad, I am still trying to convince my brother to get into steemit with no luck!
My bro has his account, and just needs to 'cook up' some content now!
Hehe, the hard bit!! Nah, I am kidding. Good on him for joining!
Abh12345 i hail you
For sure! I do have a hope that it's not going to be universal. There's something about having a community that isn't influenced by the potential for rewards that I like sometimes. I think both have their place, and there are certainly a huge number that could benefit by having rewards.
MY GRANDMOTHER LITERALLY SAID AS I WALK IN"IM FINNA GET ME A STEMER" IM LIKE WTF IS THAT..SHE EXPLAINS STEEMIT TO A T!!AND I SAY "I HAVE A THING LIKE THAT ITS CALLED STEEMIT" AND SHE SAYS.."that! yes cmon lets do one!" LMAO
Good to hear that your dad changed his mind about blockchain, surprised it took so long considering he has a crypto obsessed son! I'm now going to check out Peer Query as I hadn't heard of it before
You'd think hanging around this guy much at all would make you want to invest. I certainly did!
Tokens can be purchased as you know. When there is an internal exchange for SMT's... I expect they could be traded for Steem as well. Potentially, earning SMT's might result in simultaneous Steem being awarded based on existing individual Steem holdings. I expect some internal power to exist for holders of Steem in their activity within an SMT. I'm guessing of course.
That would be nice. I think Steemit is going to be my bread and butter for a long time, so hopefully I won't be missing out too much by sticking here.
Do you have any idea when will HF20 finally go live?
Runicar...i want to learn here
What is HF20
It's a "patch" that will allow millions of new users to effortlessly join our platform.
You can read more about it here.
What benefits do we get???
Millions of new users, which will in end bring the price of steem/SBD up a lot
Since our SBD will increase
How do i join...upvote me as a new users
Begging for upvotes will get yo nowhere on Steemit so please refrain from doing so in the future
Nice to hear someone positive about Steem these days. I follow you for your future analysis. Thanks for sharing your positive thoughts about SMT.
Thank you for explaining SMT (Smart Media Tokens). I will check it! Your posts are very useful and you are very good guide for me to find out the my way in this crypto jungle. Hugs from Spain.
Thanks!
Please upvote me
Absolutely, Steem has maintained very well even in the downtrend, just imagine how much it can go in the uptrend...I am very optimistic on SMT, a real game changer for Steem Blockchain....
I wouldn't mind Steem staying low for a bit longer. It's a great time to accumulate!
We can always try...lets be optimistic as you have said
Im sure steem will be back on top 10 soon, there is so much development happening this year!
Lets be optimistic...steem will be top 3 soon
@exyle I am impressed with your Dad coming to embrace the SMT's. STEEMIT is going to be so BIG in 2018 !
Honestly boss...steemit is going great
I watched your video twice because its useful thank you so much @exyle
I see you struggle with the same thing I always struggle with. Finding a still where I look semi decent :)
please like and subscribe
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What a day! Finally, your father is also interested. What a victory!
He is a programmer from the end of the seventies. I remember the first Apple that came in. I think he was one of the first private individuals to own an Apple in the Netherlands. I also remember our first game, it was a kind of ping-pong with a ball that bounced up and down and you had to bounce it back, otherwise he ate stones at the bottom.
I loved those early games! So simple. They fell out of favor for a long time, but some of the mobile games now remind me of them.
It is exciting to see even people like us that remember the early days of computing are still here to enjoy being involved with crypto's and STEEMIT.
You are absolutely right, my friend, the stable price of the Steem pleases us more than a year ago. It is also nice to hear from you news about your father and since you have almost the whole family already on the Steemit , it will be great to see your father with us! Thank you Mark.
I don't think he will join just yet :) But I made progress.
Amazing, I really think this concept will be great, having to have a group of people who are super informed to deal with things you need to be tackled SMT would have then gotten better advance and rewarding people like minded
Is your dad on steemit already then?
No, I think that might take another while for my dad to officially join :)
Time to HODL steem becuase its the greatest asset of all time with smts coming it will go more and more high
Ice skating is awesome! lol I am looking forward the future of steem. I'm so glad that I'm not on the fence anymore. Thanks for the information.
When SMTs come out, what function will STEEM have after? Media outlets and websites can all implement their own SMTs on their site, so what can STEEM do that would increase the demand and price of it?
Thanks
You need STEEMPOWER (STEEM) to pay for the bandwidth your SMT uses.
Ah, ok. Thank you sir!
I recently started investing in Steem and found out that I have been missing all these while , sound good that you involved your dad I already involved my entire family lol . Great job bro. I already drop upvote for you 👍🏿✌🏿
Crossing fingers here too! Bought a nice chunk yesterday and hope that's the bottom. But who knows....
Great to hear about your dad jumping on board. I'm trying to figure out how to get my parents on board too....So any tips would be greatly appreciated LOL
We already saw a couple of bottoms on the downtrend but steem hasn't changed at all comparing to the BTC price. Probably it's because people are ready to the bear market and it's better to accumulate for now.
There have to be hundreds, probably thousands of use cases for SMTs. They will be incredibly transformative to the internet ecosystem.
Glad your dad gets it now. When will we see his #introduceyourself post? :))
Yes! So many use cases. It boggles the mind when you start to think about it.
so many great updates you have given today really good feeling to hold steem at such a panic situation too :)
steem blockchain keeps interesting everyone who sees its one my friends too started to taking interesting in this and with more times goes by the higher the potential will be :)
when people got the power in hand they can use it with creativity and smt's will rewrite the history with so many practical use case
it is nice to see steemit stay so strong
We are going to see native tokens across thousands of websites where content is curated by the crowd, this will raise the demand for Steem.
An interesting post thanks for sharing
Can't wait for steemify
Great #post as always @exyle
Short and sweet AND straight to the point
How weird is that? I was just talking to my dad this evening on the phone about SMT's and he wants to invest in my music here on #Steemit.
We're having a father son meeting this Saturday (in private) about how we team up and Steem up!
Funnily enough, he said his 'Bank manager' advised against investing in #blockchains and #crypto...I said that the banks are scared of the down turn in their business! 2% return on your savings here in the UK is shockingly bad, So I'll get my dad on board as a silent partner and manager of me and my musical steemit journey!!
Kindest
Darren!
Here's a screenshot from said #bank
.png)
How they expect to sustain their #business in the #future is beyond me!
Source
https://www.lloydsbank.com/savings.asp
Good blog @exyle
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Thank you so much i didn't know that.
I like this #reply! As a #newbie of only one month, I see so many 1 or 2 worded comments! I like to leave an informative and personal reply to show the poster that I've actually taken the time to read and indeed, learn from the amazing posts they've crafted here on the #steemit platform.
Kindest
Darren
Great post @exyle
awesome your vlog.
thanks for sharing
Wow, that would be an awesome use of SMT for Stack Overflow, another community I also love!
Up Down Up Down ..... Steem to the moon soon
#Steem #future #cryptocurrency
I think there is a whole lot going on in the world of crypto and it's just not easy to keep up with all this infos . Maybe there should be a book that people can download and learn about this terms. Thanks for sharing ur story
Steemit has a lot of potential and most people that i know are starting to realise that now so i am very happy that Steem is behaving so strong. I hope that trend continues into the future.
im open to try that..
excellent dtube video,very good job
thanks for sharing
That's really nice post @exyle . i like your post to much. thanks for share the post.
wow nice story dear..your all.post so nice thanks for sharing..
all of your post is always so informative,so i regularly follow your blog. love to read it.......
This is great.. Thanks for sharing..
good post,hello friends upvote me my blog
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ahan great thanks for sharing!! <3
Thanks for sharing your investment strategies with us! Cool you got your dad interested as well. I'm going to have to learn more about SMTs now, 'cause I'm a newb and it seems important. So, thanks for sharing so I can learn/grow more! Thanks for adding value
interesting, amazing your thoughts
well good to hear this good news about your dad after your brother and hope we will see your dad on steemit soon @exyle
Awesome post as ever.. thank u