There is some truth to that, but I don't agree that it means nothing. If you can build something that actually drives demand for an asset, such as RCs, it is possible that if enough demand comes in, it can hold its own regardless of a bear market. There are several projects that have done well over the past year regardless of the bear market. Most just view steem as contracting instead of expanding, and so far they are right. If there is no real world demand for SMTs and RCs, well then it's all speculation again and prices are at the whim of btc and the bears.
You are viewing a single comment's thread from:
If there is no real world demand for SMTs and RCs, well then it's all speculation again and prices are at the whim of btc and the bears. -- exactly, its all speculation all of it. Nobody gambles with real money, only money that comes easy. There is no money coming easy and no money is flowing in this space. This needs to happen. Yes a handful of projects have done ok this past few years, i cant answer as to why that is all i know of are BNB and chainlink. All i can think is these have serious use cases for serious people. Steem is definitely not a serious world wide game changing frontier. Its just ultimately a bit of fun or twist on what we already have. People hate advertising and tracking and big brother and all the things are there to get around this but people do not care. Look at name coin for example, its awesome, does anyone use it? no. Steem needs some kind of instagram attraction to get word of mouth, and the sheeple to adopt it for it to grow organically in the real world. Ss long as it survives and the block chain lives that is good enough for now but the token price is going to the floor. sad but true. Over saturation has killed the space but from a non greedy perspective this is healthy. Huge amounts of time to weed out and grow and show are now what will happen throughout this place. China is about to change the game, facebook and america are competing in a hidden race for this space now. They hate the free market, they hate open source. They just want the blockchain to stream line themselves and become even bigger big brother.