It's 20:30 in Lisbon and I just got back in my hotel room after an incredible venue day and dinner after.
Bianca wanted to relax for a bit before we go out later tonight to play snooker and drink a few beers!
My mind is buzzing from all the information.
Sadly just like last time Steemfest and STEEM price don't seem to go hand in hand.
It's something I don't understand because all I'm hearing is tons of development and even more potential for the STEEM blockchain.
So I did the only thing that make sense to me.
I just bought some more at $0.85.
I'm slowly closing in on a big goal of mine.
100K STEEM.
What will make the price go up?
One thing that is nice about being here is being able to talk to other investors and users and discuss everything you want to know about the STEEM blockchain.
(Its just nice to not having to explain what it is! Where does the money come from? and all that...)
One of the fun question I like to ask is what is needed to increase the price of STEEM.
The most popular answer is so far is simply 'more users.'
I tend to agree. More users attract all kinds of development and investors.
To get new users it would help if they get easier access to the blockchain when it comes to account creation.
This will happen with HF20 - Velocity. So that's very good.
Personally I also think with the introduction of SMT's that a lot of STEEM will be locked up and that would be good for the price as STEEM as well.
Also Steempower is needed as bandwidth for the usable of SMT's. (the more popular your SMT the more bandwidth you need).
When the SMT's gain traction so will the need to hold SP.
All investors I spoke seem not to be in it for short term profits. Which is good.
They all see the later/longer picture and that it takes time.
Ok, I'm off now to play some snooker have a drink and hopefully talk some more STEEM.
Have a good night!
That announcement from the CME on bitcoin futures the other day poured a lot more fuel into the rally - even ETH can't hold its price as most of the whales have moved their stashes into bitcoin for the time being. I don't see a recovery in alts and Steem till the fork is resolved.
I think your right, everyone is jumping on the bitcoin band wagon for a quick buck!
That’s so funny because I also bought more Steem but I will wait for some beers tomorrow eve. Have fun! See you around for more ....
Good job! And it's great seeing you again!
Nice to meet you here. Steemfest is such a buzz.
So much information coming out of Steemfest and enjoyed watching from afar. I guess we just need to be patient and buy Steem on the dips.
@exyle I agree with all of the points you made in this post about the great outlook for the price of STEEM. With all of the positive tech that is coming to STEEM the price is such a GIFT at these levels.
If you look at a 30 day chart this price trend has been on a continued downward move. A break below 80 cents could cause a major downswing to 72-74 cents and it will take sustained price over $1 to show the downtrend has reversed IMO.
Buying more steem, but watching carefully. Really happy I picked up more Bitcoin last week.
I just keep buying as long as it's under a dollar. I think it's a good buy.
Please keep us updated about that amazing event :D@exyle I hope your having a good time in Portugal!
Hopefully SMT's will have the effect we are expecting on steem's price. But all in all, steem being low for not is not such a bad thing, more opportunity to buy at bargain prices.
agree :)
nice post, i agree with your point SMT's are no doubt a great development and they surely change the whole picture and we surely see a great boost in steem price, well you also talk about new users and yes they are essential for any platform unless they are active, active users attracts new peoples and investors and in this way it benefits the system, we have a great example of facebook, twitter when there active users increased from 70K they become viral sort of thing, right now buying and hodl steem is no doubt a wise decision, Stay blessed and enjoy your steemfest2 ahead, thanks for sharing
I personally think that adding new users is great but it doesn't automatically help the price as not all users will seek out buying Steem. I think what's really needed is the ease of use for new users to be able to buy Steem and grow the ecosystem that way. I actually wrote a post the other day requesting anyone that knows enough to do programming or knows someone that does to look into integrating Steem into one of the largest Bitcoin ATM systems. Please take a look - https://steemit.com/steem/@patrickulrich/how-you-can-help-bring-steem-to-bitcoin-atms
the steem fest and prices are not directly proportional haha but anyways seems like it will get back on track soon thanks for sharing the post :)
you are almost reaching you goal of 100K STEEM yay seems like it is more closer than ever :D
Wow...I think this is unforgetable exeperience for your life...
Steemfest funtions...it is only dream for me...hahaha...
Upvoted...
Cheers~~~ Nicely done my dea friend @exyle
"I just bought some more at $0.85." Yeah this is exactly what I did too! BTC price seems good to buy more STEEM! Thank you very much for updating us! Hope you enjoy your beer well!@exyle,
Cheers~
Enjoy those beers and let the boss beat you at snooker occasionally [it helps her ego]
It's seems great ! Enjoy yourself
You are right the price of steem is not increasing from past some months
So you guys need to do something that can change it.
I think Inviting more and more people to steemit can give it a. Kick.
By the way thanks for the post,keep updating us too
Good post, I am a photographer, it passes for my blog and sees my content, I hope that it should be of your taste, you have my vote :D greetings
I hope in the not too distant future ... Steem can have her price she deserves! A lot of good is coming up! Now, Steemit really needs to facilitate the registration of new users, even those who like to read and post good content, but who has no idea what a criptomoeda is ... If we can bring these people, here it will be much more legal for everyone!
You bought more Steem? Again, a very wise decision, you'll get the return very soon!
thanks for sharing your thoughts on it ✌
PS it DOES look like you guys are having a ton of fun! 🎉
Man it's great out here!
I don't really get why Steem keeps going down either. Even though they had some issues lately they've shown a lot of work in the last week. And with Steemfest here the price should (logically) go up...
Yes the price, I'm buying! Hey I watched the all of the presnestations on Steeming and I recognised so many on the crowd. I even saw you walk right by the camera! Have a great Steemfest!
"I just bought some more at $0.85."
Haha, nice! Dirt cheap!
Thanks for addressing this, nice to gain some perspective from those invested in the project and community! yup, steemit should flourish in due time with all the ideas and projects in the pipeline.
I don't know why steem price is still going down with all this development. But am still keeping my fingers crossed on steem price going up very soon, really well
Thanks for the update dude. Have fun!
man it looks like so much fun! I saw a nice photo of you and @nanzo-scoop on twitter talking with ned... must be learning a lot.
Your optimism helps keep me sane during these downtrends in the steem price. Like you, I am baffled by the dip, but sometimes the markets can defy our expectations... At least we're still way way up from the start of 2017 :-)
Glad you took the time to explain some of the info we are missing out on. Enjoy your time. 🐓🐓
Steemfest is a blast. Great to finally meet you
Just like what youre doing, everything will be fine !
Really it is a wonderfull meeting..I would to participate in next edition..Thank you for transmating all this ambience to us.
Steem on sale is a good time to add to the cryptocoin stack. Thanks for the work that you do.
it's a good news, thanks :)
Thanks for sharing with us.
Nice friend you are in the place of emotions
you're lucky to be in steem fest
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I wish I could begin Lisbon with y'all.
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Never heard the curse...enjoy d party...👍
Thanks for update about wonderful meetup description. Steem price would be good, after introducing SMT. Be safe and enjoy..
For launching any new application on steem we need lots of steem power ??
I want to launch a few applications here, so can you pls tell me about the exact figure that is needed for any application
Great job @exyle. I think we just need to be patience and buy Steem on this platform.So that's very good in this will happen. Need to hold steem power when the SMT's gain traction well.
So let's to have more users... "More users attract all kinds of development and investors".
Steeem on steem..
Thank's for your sharing like this topic
@followed and upvoted
I hope I get to go to STEEMfest 3 next year
Looks to be a great crowd ! I envy you !
Steem value will recover, enjoy steemfest mate! Hehe
wow
so many steemians out there it should be fun no doubt why :D