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RE: Once the STEEM price starts to reverse its game over. What you have is what you have.

in #exyle6 years ago

Love the enthusiasm here but let's face it, steem will never do what bitcoin did. There is too much out there, inflation is high and there are competing blockchains. Bitcoin had first movers advantage, it is very difficult to mine compared to Steem and there is much less supply available. That being said, I love Steem l, am heavily invested myself and think it's a great platform. Don't kid yourself though, even now if you don't invest cash or cryptos here, it's very difficult to build up an account. You have to compete with curation bots, bidbots, and spend thousands of hours reading and writing. This is more of a hobby than anything else. But yeah if it pays for your steak, that's awesome.

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You are right. That's highly unlikely indeed. Bitcoin will be king for a long time.

When it comes to Steem you are right as well, hard to earn consistent STEEM without investing first now. But then again hard to use the BTC network without investing in some Bitcoin.

Long term SMT's or Scotbot will make this platform grow exponentially. To power all that through RC's will be the real value of Steem.

No blockchain is doing what Steem is doing and they sure can't do it as cheap as Steem can. I think this is extremely underappreciated right now.

But only time will tell. I sure believe it. Always have.

Never say never! Scotbot? Still waiting for someone to explain exactly how to log in on scotbot! .