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RE: For the First Time, I Might Be Losing Faith in Steem...

in #steem5 years ago

You are not only loosing faith in steem, there are lots of other steemians also.

You raised a correct question that why anyone/you invest in steem? That is the real question that everyone should think before investing in any place.

Lets hope for new HF solve this investment issue and steem find it new ways, otherwise no hope. You can see this in steem price movement.

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@louisthomas is not an investor. He makes very good videos on YouTube and posts them to Steem. He is highly rewarded (as he should be) but he mostly sells his earnings. That's not what an investor does. @theycallmedan is an investor as he bought a massive amount of Steem about a year ago.

I've been net powering up for the past few months. And I pay a monthly fee to upload to 3Speak. And I've made videos about Steem, along with my opinions about how it can be improved.

And I've invested time in posting and commenting on this platform almost every day for the past 2 and a half years.

I'd consider myself invested in Steem.

Do whatever you want.
It all because of HF. After a period of time when steem price will fall, everyone realize that what is wrong in this HF. What should be done for price appreciation of steem? The only answer is that new HF else this will continue and after that community will realize.
So, keep posting and doing good work. Nice to see all this.

EIP has been a smashing success on the whole. Rest assured, Steem is never going back to the pre-HF21 age when Trending was filled with posts containing shitty phone camera photos worth $100.

At the End of day, what you want from steem? A Phone camera photo or ROI. Whatever you want you will get definitely. See the future of steem not current/past. Where are we? Are we at good place in crypto place? These things will let us take in deep down, not upward.

I knew steem not going back HF21 but it can go HF22, HF23 etc.

Shitty phone camera photos have no place in Trending. Hence HF21 and the EIP with all the downvotes. It is disingenuous to maintain that the HF21 caused the price go down.

I agree 100% with your camera photo thoughts.

OK. Then think over it, Are you ready to invest in steem? What is ROI? An investor wants returns.
It is very to hard to get good ROI with this HF.
If you are ready then buy more steem then buy and power up. You will get good ROI and good downvote on curation/post/author reward.

Depends on what you consider a good ROI. By auto-voting you can get a ROI in the tens of percent. But that is just the ROI in terms of STEEM. What you as an investor should really care about is your profits in fiat. If everyone engages in abusive behavior and you are only slightly better at than others, you are likely to be losing money anyway. Therefore, it makes perfect sense for you to support anti-abuse projects to protect your investment.

What are you basing your judgement of success on? Price and stats are behaving exactly the same sideways and down.

Trending is still a mess based on my subjective opinion. The only gain I've seen is less stakeless people draining rewards with bots.

What am I missing?

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Any content creator has invested their time. My definition of a Steem investor is someone who has spent more in fiat or other cryptos buying STEEM than selling it. Both content creator and investor are absolutely necessary roles and not everyone has to be an investor.

I've been net powering up for the past few months.

You do realize it's a blockchain, everyone see your transactions, and prove this false with a few clicks.

What is wrong in this?
If steem price will go upward direction then you will be happy that other steemians sold in lower price.
This is your thinking process, there is nothing wrong in this. You can't force anyone to keep steem or sell or buy steem. If steem has growth path, he automatically buys the steem else he will be looser.

My point was not to criticize the sellers but to point out that an investor is not a seller.

This guy investing in Steem? He has constant 5000 SP over the last year, although he earns dozens of Steem per post, as another comment above me pointed out.

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@okean123 Thanks for reply.
My question is totally different then his earnings. Whatever he earn is his capabilities and steem allow. Now, new HF has acting differently and the new question is arrived that why anyone will invest in steem, when other good ROI option in market?

Sorry then I misunderstood your question.

To answer your other concern: The ROI for powering up steem is now 100% higher.

This is not the case 100%. It is just showing value actually, it is lower than previous HF practically.

The curation rewards were raised from 25% to 50%. In practice they are even much higher if you curate well (vote on content that gets voted on later and thus achieves a high payout)

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This is for general steemians, but in practically it is less than previous 25%. This i wrote above. Try to earn more than previous HF and tell me. There are 10% less reward for POB, the reward curve and downvotes etc. You will find practically less curation than previous HF.
These are the figures to let us make divert / fool.

We are talking about why to stake STEEM and not how much a steemian can earn through posting etc.

The new reward curve helps you if you curate succesfully as I said above.

You will find practically less curation than previous HF.

This is simply not true. Look at my account @russiandownload for example, this wouldn't have been possible before the hf

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OK. Then Enjoy. Cheers!

That’s pretty common for 90% of steem

Then who's buying all the Steem? Steemit, Inc is selling to keep the lights on as well as many witnesses because they have costs to cover. If most high-earning bloggers are selling most of what they earn, too, then who's buying? Why hasn't the price gone to zero, yet?

I have no idea. But Steemit Inc’s programmatic selling isn’t only a portion of what is sold monthly and not even the largest portion.

There is still some utility to steem like steem monsters, bid bots was a huge demand to buy and own steem believe it or not, now there is some demand for curation rewards

Did people really buy STEEM to power up and to sell votes by delegating to bid bots? I doubt that. Practically all the whales were created when STEEM was mined back in mid-2016. They were also the largest vote sellers. It's never been the case that investors have been clamoring to buy STEEM to power up and sell votes.

The price of STEEM seems to move in tandem with the rest of the crypto space. It's simply speculative demand from unknown sources. Much of it languishes on exchanges. Only the liquid part can be bought and sold and the spot price is determined by that.

They bought and held steem to buy votes. The majority of the liquid steem on platform was buying votes.

But if they mostly sold their gains, then there was no net benefit. What you earn from bid bot votes you can power down to buy new votes with. Positive ROI votes can make this profitable after a small initial investment. @likwid allows one to get all rewards in liquid STEEM. That decreases the required initial investment. That precisely is the essence of bid bot abuse, which accounts for a lot of the decline in STEEM's Coinmarketcap rank.

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I know, I wrote this because the asked why would anyone stake steem and I answered the questions for this account

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