Fuck STEEM by cyberdemon531

steem · @cyberdemon531 · Dec 5 '18

$0.25

Fuck STEEM

Sub 8k fucking murder me already, cant all these wonderful capitalist geniuses pump the price already? Fuck.

Posted using [Partiko Android](https://steemit.com/@partiko-android)

👍 partiko, cyberdemon531, schattenjaeger, ddrfr33k, freebornsociety, upvotecentral, mrcoolice, mrakodrap, yuriy4, baku, johnginforever, psychoshocker, glhrmfrts, snowwhirl, patheticirl
👎 anarchyhasnogods

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@mrcoolice · Dec 5 '18 (edited)

Crypto sure is depressing lately. 

The staff cuts at STEEM shook my confidence a little when it comes to how I feel about investing in it. Even though I think it'll most likely still be fine long term, I'm growing increasingly concerned that people are going to jump ship to a competing platform (although from what little I've seen they all seem pretty poor right now).

So I'm bearish on crypto and extra bearish on STEEM right now. On the bright side I don't think things can fall much further. I'm calling the bottom as around 3.1k BTC even if that's based on nothing but the TA of a few twitter "analysts" and my own gut feeling. 

If things do continue to drop past that point then there's going to be a mass extinction of crypto projects. I already suspect quite a few have secretly drawn up plans on how they're going to temporarily cease development without anyone noticing.

👍 cyberdemon531

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@namiks · Dec 5 '18 (edited)

I can't see too many projects suffering as a result. Most of those projects will already be relying on investor money/cashed out ICO funds into fiat, unless they were incredibly stupid to not do so.

Crypto startups have always gone through the traditional method of generating some initial income through fiat investors, anyway. From someone that has been in this for years now: you could easily tell what companies planned on sticking around based on whether they generated seed investment in fiat from actual investors or from running an ICO.

👍 cyberdemon531, mrcoolice

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@mrcoolice · Dec 5 '18

I'd like to think this was true but I have my doubts that the majority of crypto projects are particularly responsible about their finances or committed to continuing development through hard times, especially on the low marketcap end of the spectrum. That said, the big names are likely safe, along with most projects either started before last summer or currently in the top 100.

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1 reply

@ddrfr33k · Dec 5 '18

Give it time...

👍 cyberdemon531

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@cyberdemon531 · Dec 5 '18

$0.06

Time wont buy me groceries sadly 

Posted using [Partiko Android](https://steemit.com/@partiko-android)

👍 cyberdemon531, schattenjaeger, mrcoolice
👎 anarchyhasnogods

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@partiko · Dec 5 '18

Thank you so much for participating the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

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@coinchaos · Dec 5 '18

I have to agree. This steemit thing really does suck. Just look at all the bots and promotion services corrupting the site. You can not even find any good content on here.

👍 cyberdemon531

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@cyberdemon531 · Dec 5 '18

Whoa buddy, I've got plenty of good content!!!!

Posted using [Partiko Android](https://steemit.com/@partiko-android)

👍 cyberdemon531, mrcoolice
👎 anarchyhasnogods

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@coinchaos · Dec 6 '18

I bet you do, but it is hard to find with all the tags on this site being spammed by promotion services. I couldn't even reply to you without this site asking for money lol.

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1 reply