Part of me thinks "This is a great post for people to read, everyone should read this,"
then another part of me realizes, you're still saying what I interpret as: 2+2=4.
Why is the obvious seemingly not so obvious to so many?
This:
Don't let the market price set your opinion on the value of a platform, instead make rational buy / sell decisions that factor in both short-term trends and long-term value. This applies to any investment you might consider.
This seems like a "duh". But it isn't. Still too many people do not grasp that.
However, with you and others relentlessly posting this sort of basic math content, I think a lot of people will be swayed to at least carefully consider their choices with Steemit, rather than just pump into it and then dump out.
I'm trying to consistently power up tiny amounts of Steem when I can, because I think long term this has real...well, power. ;)
I also power up step by step because I believe in the long term sustainability of steemit. In two years time I will a whale. Usually it takes 5 years to build a sustainable business.
The flipside is that many people simply extrapolate some numbers or make some skewed comparisons to come to certain wild numbers. Like: if Steemit has 1 mio users, the market cap per user should be this and that. And you compare shares with an explicit hot potatoe like a Steem token to get to the market cap numbers. What complicates matters even further is, that the majority's perception can turn to be right, even when it is logically wrong. If everyone believes the nonsensical market cap comparison to make sense, it actually does, at least in a practical sense. The longterm sucess will depend on the incentives people will perceive to BUY Steem Power. At this exact point in time, it is rather limited. Or did you buy any or know many buyers, even among the enthusiasts? Not powering down is not the same as buying Steem (Power).
@dragonanarchist, thanks for your post. Honestly, I really find it hard to understand the powering up and powering down on steemit, but I am in it for the whole nine yards. I believe I can see the potentials regarding the platform and it can only get better with patience. I have not come across any other platform that rewards this greatly this quickly . So as for me, patience is my watch word