Yeah I've seen the trending page and most wales don't even post. Whos really making effort on this site? Doesn't look like the people that invest in it. I could invest $100,000 will I? Doesn't look like it Id rather diversify in property and hard assets I can show off in real life and get credit for or laid. Gaining Steem Power seems like it is starting to look like a false sense of security with strangers on the internet. what happens if I lock all up $50,000 and go on vacation for 3 months and all the wales sell their Steem Power then what happens to my "investment" If I don't get the memo?
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It has happened before when it was at 4-3 dollars a steem it reached all the way down to .11 cents and went back up to $3 now its 1.40 cents. How new are you to cryptocurrency? See if you invested $50,000 in steem power you would be making liquid Steem Dollars to use that you would get from curation rewards. Steemit is not going away anytime soon there are less than 300,000 users and more than half of those are brand new users. If you actully looked at the white paper of steemit and also see all the hard forks before HF19 you will see its getting better and better. Before your steem power would have had to stay in steemit for 2 years powering down. Now it would only take 3 months to power down completely.
Yeah I get that but that doesn't answer my question. If the majority of whales decide to jump ship and power down in 13 weeks. The profits I make and keep in steem as well as my original investment would fall pretty hard am I right? I mean if I'm on vacation and come back and didn't hear about this happening because I don't give two shits about the internet while I'm getting away why would there be something left when I get back? Doesn't make sense. The market would be flooded and the value would tank. That literally means all the noobs are kind of pointless.
danielownsall
You are 100% correct. I don't invest more cos I will never be close to those who actually decide. Transparency and decentralisation is only on the paper. (common problem with all "decentralised coins, more you dig more you find out that they aren't really decentralised) And yes, you probably can have some influence if you hold millions here but investing your 50k here would just mean gambling at this stage.
No again that has happened once man. Alot of whales jumped ship value went down to .11 cents and now back up again. Did you not read what I wrote? Now those same whales bought back in. Also again how new are you to cryptocurency.
The way I see it if you do have a good amount of $ buy some steem and power up you will not regret it. This place is only going to get bigger, so much more room to grow.
Or just take it day by day and make friends try different content types till you get a rythm.
I've been involved with cryptocurrency since 2013.