STEEMIT seems under valued, do the elite fear the STEEM Blockchain?

in #steemit7 years ago

STEEMIT seems under valued, do the elite fear the STEEM Blockchain?

Film Summary

This is a short rant about the drop in price of SBD and STEEM, which I feel is a very short term drop. I feel like there is a coordinated effort by mainstream media and central banks to discredit crypto currency because they fear the technology. Especially stuff like steemit that would put social media onto a blockchain where companies like Google and Facebook would be unable to secretly manipulate views, and shadow ban people as Twitter has been caught doing. If Social media platforms were on a blockchain like the STEEM blockchain that would end all the nonsense, so of course the control freaks fear the STEEM blockchain.

With so many people fleeing YouTube and so many new people advocating for Dtube (a steem blockchain application), you would think that the SBD price would be going up not down. Also even mainstream people like John Oliver are doing hit pieces on EOS (I am planning on doing a response video to this), which should make more people want to invest because if John Oliver says one thing, the opposite is always true. Same goes for fraudsters like Jamie Dimon.

When I made this video SBD was selling for 1.54 on Coin Market Cap right before I went live. The price as of writing this description for the video is now 1.99 per SBD. Of course you have to think, 1.99 USD = 1.99 silly fake FIAT currency. Would you really trade your STEEM for that? I am not giving up any STEEM power for a mere 1.99 USD. So I would say, the value is still too low even at 1.99. Keep in mind STEEM is the fastest and biggest blockchain in the world, and EOS when launched will be able to do everything Ethereum does but better. Ethereum has hit prices as high as $1,100 per coin from what I have seen.

sbd.jpg

SBD Price on Coin Market Cap: https://coinmarketcap.com/currencies/steem-dollars/

With all these people fleeing to Steemit / Dtube / Dlive and whatever else comes up in the future. With the launch of EOS and smart media tokens looming, with the future of crypto currency looking brighter than ever. I would say there is a golden opportunity to get into STEEM /SBD at a low price, much like when BTC dropped to around $300 USD then about a year later was selling for 19K USD per coin.

None of this is financial advise, just my opinion.

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If some fraud like John Oliver does a hit piece on it, you know the elites are scared. I don't have much but I'm holding onto my steem. Steemit and d tube are continually adding new members and while I don't have a wealth of knowledge about cryptocurrency, I would be willing to bet that the price will shoot back up.

Yeah as soon as I saw Oliver doing a hit piece on EOS, a coin that even crypto people have not heard of, I knew they were scared.

I just read about Metcalfe-based analysis indicating that bitcoin could possibly drop as low as $2,000.00. I don’t belive it’s even possible for bitcoin to go to zero as some say. I and milion others would be buying like crazy just from the psychological standpoints. However, if Metcalfe-based analysis are right and BTC drops as low as $2,000.00 I’m buyer like it’s at zero. Also, Metcalfe-based analysis which indicates Steem and ethereum is in a strong buying zone, however it also says that its price short term can be affected by bitcoin failing lower, which had recently happened in December crash, because it was primarily due to bitcoin.
let’s see what happens though.

There is no way BTC will go back to 2K per coin, if it does I am buying as much of it as I can afford to buy.

You know what? That’s exactly the same sentence someone wrote to me when bitcoin was at 20K and I said “if bitcoin drops to 10k I will buy it no matter what” and I bought it at 10k. I hope you are right, I hope from now on this suffering stops. However, at the same time I also hope to get it this cheap. It doesn’t matter to me where it is right now, whether it low or high, because I don’t plan to sell it in the next at least few years.

Great works, I wish you success

Thanks for the information sir.

Thanks for giving us a new message about steem..We can know a lot of update news from your valuable post.It is a great article.
I will wait for your upcoming post.
Thanks ,sir.
@Resteem & follow has done.

Every thing is going to be fine soon w8 till 5he end best of luck

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin8562.170$12.7%-10.33%
EOSEOS5.155$24.89%-13.89%
ETHEthereum547.248$12.91%-23.77%
SBDSteem Dollars2.038$23.13%-21.92%
STEEMSteem1.957$21.75%-22.7%

Yeah exactly. Thanks for posting the values.

Thanks for sharing these slides @titusfrost

As the value of sbd is going down, all my rewards are also decreasing... touch the moon crypto..

Interesting that Vitalek Buterin should comment on crypto going to zero a short time before the current price drop. What did he know? https://cryptovest.com/news/cryptos-could-drop-to-near-zero-at-any-time-ethereum-founder-warns/

Off Topic: Enjoyed the "Brain Force" parody in the St. Patty's day video. Check out the vitamin B ad at the end of this AJ Clip...

This is a real infowars commercial! It is as nuts as the parody with the woman transforming into a babe after taking a few drops of the Jones Oil. AJ is definitely off the rails.