What a great way to start the year with an all-time high in the price of Steem! All the money that was waiting until the first day of the year to invest, has decided that the Steem currency was the place to do it. This is important because this really is just the initial rounds for Steem going forward because Smart Media Tokens have not been launched yet.
What happens when SMT's launch?
We should expect higher prices once SMT's are launched. Then there comes the rounds and phases of projects implemented using SMT's, this is like the later rounds of price appreciation we should see from the SMT event.
In other words, unless you absolutely had to, I do not see any reason for selling Steem at $6.
Whale Selling Pressure?
With Steem, since it is a used currency, we have to consider whether whales are going to do a period of unloading at some point. What this does is it causes stalls in the Steem market, slowing down how fast Steem increases in price. With other cryptos (because they are not actively used), often the whale capital gets locked up to the point we see a faster appreciation in price. With Steem, I believe there is a wide swath of whale capital in general users hands, so this means more capital is available to sell to keep the pressure on price.
This all said, whale capital being sold, should not be able to detriment price significantly into Q1 and Q2 2018, because we're likely to garner interest from outside capital with SMT's hitting. Meaning if whales want to mega-dump, there's apt to be buyers.
I'm looking forward for SMT introduction
Been listening to your youtube channel since it started, took me awhile to get on here and up vote you even though I have been on steemit the whole time. Looking forward to all thequality content your promising in 2018
congrats on 100k subs too!
HAHA, upvote since you're from YouTube. Amen on the 100k subs, I'll take it!
I've been powered down the last 4 weeks to capture some STEEM and its appreciation. Been buying Ether with it. I wish COINBASE gave us more choices!
Your videos are very good - informative and professional.
I'd like to get info on getting more upvotes without using bots.
Thanks for your hard work.
Your videos are great and I consider the professionally done.on
Steem is about a community right now. So the better you integrate with a community, the better your upvotes work. Produce content you like and are passionate about, while being part of a Steemit community. This makes the whole process easier for you and brings more upvoting power your way.
Make sure you enjoy the content you make. If a person just flings up posts without any passion, people can tell and they may lose interest.
All I know is when I had 3000 twitter followers, I went thru them all and most were inactive. The few that were still around never interacted or gave retweets.
My profile under my steemit name says it all. That is what I do / post. If people are not interested in that content, why follow? If you are interested in that content, why not upvote periodically?
So what I have tried to do is scale back who I follow so I can generously dole out upvotes to a more select few. If we all did this that might build a stronger community.
Great post, Ted.
I just saw this article on SMTs by NASDAQ: http://www.nasdaq.com/article/how-blockchain-based-cryptocurrency-can-make-online-publishing-more-profitable-cm895389
This is all shaping up to be a huge year for STEEM. Multiple, established businesses are about to get an opportunity to diversify their revenue streams utilizing the SMT platform. Just a few publishers to jump on board for SMTs is going to create a domino effect where once a few publishers do it and start to see how easy it is, all the big players are going to start doing it.
HODL that STEEM. We're going to see north of $20 this year!
Good catch. Yeah. I was just thinking yesterday when I saw the Steem price start going up, that this uptrend creates the virtuous crypto hype cycle. Meaning, Steem as a currency is likely now fully considered to be in the long-term crypto bull market. By December 2019, I could see $100 for Steem price. I could not imagine that price a few months ago when all of crypto under 200 bil market cap. Now that I see the valuation of other projects, Steem at $100 is doable.
Steem is nice because there is a business enterprise associated with it. If that enterprise wants to increase revenue, it needs to see a higher Steem price. Few projects have this business motivation associated with it from a dedicated corporation. It's a nice driver for innovation and @ned seems to be a smart guy by essentially borrowing the BANCOR innovation of smart tokens and throwing it into Steem. This is a solid strategy to borrow innovation.
I agree and appreciate @ned 's strategy here. If SMTs prove to be the success I think they will, $100 STEEM seems more than easy. We need that demand to start picking up in a big way for the SMTs and for those ICOs to prefer to use the STEEM token.
well its mean the steem price up down only in whales hands they control the steem price and also they are pumpin it but if this is true then the price of steem not stable here sure they sell it here and the price dump again i m confuse a bit on it @crypto-investor
What I was saying is that even whales sellling can't stop the mega-capital from wall street from propping up the price into 2018 for Steem. Whales can dump, hedge funds will be buying.
Let's hope whales do dump some Steem to segragate some of these very large Steem holdings. This will be better in the long run.
I agree completely. I'd much prefer the currency to have a wider distribution. Makes it more valuable.
Don't want to mess up your post but moment like this call for celebration
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Hi @crypto-investor, I've been watching your videos on YouTube and love your content, what's your opinion on Stellar ? It took the number 8 position on coinmarketcap breifly yesterday and has had some solid growth, currently sitting at $0.53. keep making great content!
I like Stellar because they have done massive coin give aways. Almost everyone has some Stellar these days in crypto because it was given to them. This is a good foundation for a currency, to have a wide distribution.
Can't thank you enough for what you do Tom. I was wondering if you had any plans of potentially releasing your top 5-10 plays for 2018 ? You rarely disappoint, and are clearly the sharpest guy I see who gives his honest truth on the crypto space. Would love to see a write up on something along those lines for new investors or people with some bitcoin to fire on some alts. God Bless
If some dumps are on the way it might be good news though ,hope it helps in the rise of Steem in the long run .For now it is indeed a great news Steem is going kaboom !
@crypto-investor,
unless you absolutely had to, I do not see any reason for selling Steem at $6.
Oh shame, I just followed your blog, today morning I already sold 1/2 of my STEEM stock :/ Anyway I will do my best before SMT hits!
Great article and you answered almost all ??? marks that I had!
Cheers~
Yeah, I sold 1/2 my STEEM too when I posted that. I posted that for transparency reasons, but I had like 80% of my holdings in Steem. I was not diversified like I should have been because I knew Steem was going up. I'll take temporary risks like this, but then I wanted to diversify some in case a bad event happens.
Never feel bad about selling at a profit. There are always other cryptos out there about to skyrocket a few hundred percent.
@crypto-investor,
Never feel bad about selling at a profit.
Yeah that's true! But when we sell at $5 and it reach to $6.5, actually I feel damn :D Anyway I am maintaining diversified crypto portfolio!
Cheers~
Shit, I'm glad I dropped a cool grand on some Steem yesterday, and before that double up baby! 🐳
i hope the price of steem must take a huge record in some days
I CAME HERE FROM YOUR YOUTUBE CHANNEL I ALWAYS WATCH YOUR VIDEOS THANK YOU
great news....nice post... thanks for sharing
Steem top rise up... Hohoho
Thanks for good sharing
Happy new year 2018
Cheers...
https://steemit.com/bitcoin/@me-tarzan/5wbgpc-hold-long-position-bitcoin-and-steem-trading-system-6#@farhanarojony/re-me-tarzan-5wbgpc-hold-long-position-bitcoin-and-steem-trading-system-6-20171231t082216989z
Upvote and resteem done
that's very helpful post!!
thank you ;)
smt's will push the prices more forward this seems to be the great beginning
can't wait to see the next move in the market this would be quite interesting great start of the year
can't believe it this is very interesting thing happened today a boom in prices
Hey there. Are you the same guy as @cryptovestor or a different one?
First of all I want to thank you for refering me to this very interesting page via your videos that I watch each with great interest. I very much appreciate your deep reflexion that most of the lambo memes on Youtube are obviously missing.
I also just wrote my first article on this page and I am very excited to publish more in the near future. At the moment I am still a bit confused by those different currencies / tokens / power, etc. that you can earn with your actions. But I am sure I will figure it out soon. Steem Dollar as the new media crypto currency has some potential since I already see here the immediate application of it. This is something that I do not see with other crypto currencies yet. So I am more than happy to participate in this great project and earn myself some of those Steem Dollars. Keep up the good work with your channel and thanks again for letting me discover this community.
Hello,happy new year!
Would you buy steem now,or do u think it might be better to wait ,when it drop to 3-4$?Or do u think it cant drop that low anytime soon?
Thank u so much
Just came over from youtube, had no idea you were on here until you mentioned it in your last video. Remember that whales can't dump too fast if they are powered up. This actually means that STEEM can't (in theory) crash as fast as other cryptos because it takes three months to fully power down
Yeah ..some of the experts said in this year steem value will be grow high and maximum it is stabled at a margin of 10usd...it a very good news and i felt very happy when i hear that news....@crypto-investor
It's great to see the price just absolutely explode. As per usual, I wish I had bought more when Steem was at a lower price.
I do have a question though about SMTs. Do existing Steem holders always get additional tokens if an organization ICOs using the Steem blockchain? I was just reading the about the VICE token earlier today and found out that a portion of their tokens are eventually supposed to be "air dropped" to us somehow.
Not always an SMT can function many ways.
Thanks for the answer. I'll have to do a bit more research on how SMTs work.
Thanks for calling it when it was $1
Thanks for this post. You first taught me about Steemit through your YouTube page, I've been watching those for several months now. I'm looking forward to joining the community here, Steem is looking like my next purchase also! Thanks.
I have yet to reply to your other message( I am traveling), but I just want to say - as a South African with basically no real access to good information, even the smallest updates from you (and others like) really go a long way in my learning curve of understanding. Thanks!
Hihi, great videos you had at Youtube. Was watching your ICO tutorial and decided to follow you at Steem. Total noob on ICO at the moment and hence i am looking forward to learn more from your videos!