With all the fear surrounding tether there seems to have been a large influx of money into the BTS economy, especially bitCNY, because of their misguided assumption that the collateral will hold fast in the case of a widespread collapse in crypto prices.

So to me it seems that while they've seen an influx of Chinese investor money we've seen nothing but reduced "excitement" coming from Upbit (Korean money) ever since they got raided.

Just my 0.02 stu.

Thanks for the acknowledgement @jrcornel
Followed til the end 
Stay blessed

I think maybe that those who invested in bitshares earier have just kept their money there... Not sure.

It could also just be that Steem is getting negative PR due to its.. well.. total lack of any organised PR and apparent long term stagnation.

I have raised the issue of the lack of marketing many times and been met by a brick wall of no response. Quite sad really. @promo-steem do good work and have made good connections though, it seems it is all up to us.

The valuation of any price in the crypto space is often irrational!

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>If you can win the sentiment war, you can have a well priced coin.

This is it, its really that simple. We think "logically" that technology is what drives public sentiment, but I think we give people too much credit. 

Most people who would buy 10 Steem, 20 Steem the tiny potential investors or would be micro hodlers only see the valuation. Anything else is not as relevant because it does not speak to their emotions. 

Funny enough, this is precisely why we as a community as users of Steem actually have control of the price too. Yes, its really that simple, my claim is nothing out of this world.

If the people who are participating of the platform are not willing to hold it when it passes 24000 Satoshis because they believe it will come back down, that doesn't say anything about the technology of Steem (the blockchain) but speaks volumes of the would be "believers".

So the truth is ugly but its not that complicated. Short term mentality is keeping the prices low, if everyone here is fearful of holding the coins because they think tomorrow they will wake up with wallets that induce chronic depression, then they are the builders of their current reality.

I say this, and also say that blind cheerleading is also hurtful because its not rooted on facts, and overpromising and under-delivering (as it happens in the cryptosphere quite often) is the fastest track to changing market sentiment.

People are predictable, and we can plan for them being consistently inconsistent. Wearing the jersey one day, screaming of joy, announcing to the winds undying alliance, knowing full well tomorrow they will be singing a different tune.

So, to whoever my message happens to reach. Want Steem do be better? Want valuation to go up? It starts with us, leaving out negative attitudes behind in search for solutions to the obvious challenges we have, that mind you are cultural and not so much "THE CODE" as people love to say.

In any case... sorry for the rant, it's just one of those days...

a lot of the crypto markets dont make sense

Its all about bitcoin.  That much volatility pegged to btc leads to market distortions.

Probably some of the FUD from Dan Larimer’s supposed comments on Steemit 2.0 on EOS... Agreed that it makes no sense but more opportunities to accumulate some more!

According to steem growth in past couple of months it must be in top 10 coins

Did you see that the The Economist recently mentioned Steemit (not Steem) as reported by @exyle...

https://steemit.com/life/@exyle/steemit-briefly-mentioned-in-the-economist-as-the-most-elaborate-working-crypto-economic-model

Does that make sense? Not even a little. 
Steem could literrally revolutionize social media today, if people came and used it. Its not some distant project, with an obscure use-case, its a ready-made, highly scalable, social media platform. 

HOW IS THIS THING NOT HUGE?! 

Why is it so hard to get friends to signup and use this amazing platform. There is litterally nothing to lose, and everything to gain. 

Oh well,  to quote the infamous Montgomery Burns, "patience Monty, climb the ladder."

![4uSNW0D_Ur6FxUR0lyCFjm_KhaA4AynLdSZ6CtPNlLM.jpg](https://cdn.steemitimages.com/DQmbFThdq1MQtoPbR9aYSoyWLCAaTdH5hPSukzp6EEex3tB/4uSNW0D_Ur6FxUR0lyCFjm_KhaA4AynLdSZ6CtPNlLM.jpg)

Because the plebs are suspicious. Lol
![ANbD1CCdA3iI8.gif](https://ipfs.busy.org/ipfs/Qmf27oJcBpD4MLw8yt9cE5Sp5LyB6pNX8yVo898mTBiZd7)

Well said @jrcornel. Marketing and promotion are key and crucial.  The pricing mechanism tied to the rise and fall of BTC are signs of a yet fledgling asset class (cryptocurrency) being perceived as some monolithic use case defined primarily to the value of one ‘coin’ versus another.  It’s apparent that the actual functional aspects of the different ‘blockchain’ apps appearing across the universe of blockchain has yet to penetrate the collective financial consciousness of the ‘consuming’ public.  Once that happens STEEM-enabled apps should be the driving enablers of STEEM value.  It is indeed a marketing issue -

Bitshares less potential than Steem, ahum?

The fall doesn't look good.

It's not just a possibility but a certainty at this stage. Look at all other ICOs and how they are performing. 90% of the money comes in within the first few hours, the rest of the days receive barely any contribution. But with EOS, more or less the same amount of ETH is deposited every single day, around 15k ETH everyday. We are approaching the 30th day and still 320+ days left to go for the ICO.

very nice and a good post

Tell me it ain’t so STEEM 😩👎😩

I'm on phone so  here's a short reply. I think there's a lot of FUD as steemit 2.0 comes out on EOS.

Another big reason is large accounts powering down millions and selling it on exchanges. @ned recently sent 200k Steem to an account that has been selling on binance while still powering down millions

I think STEEM is a testnet  for what not to do.

@jrcornel Perhaps they are waiting for the iron  to be hot then they will hit so hard means promotion, i hope so, & what do you think when and how all other crypto will exist, grow without any positive or negative effect of BTC?

It's the sentiment @jrcornel  Sir. The believers are the most unstable lot. A puff of wind can shatter their belief.The sentiment takes over and panic takes it's place.

1. On BTS one has to pay to transact.
This means one has to consider before spamming the blockchain.
This means a more sustainable blockchain.

2. Would you pay the market price of 100 STEEM to get what 100 STEEM can give you?
I took this question from freebornangel.

I do feel that the entire digital currency market has more downside to it, due to multitude of ICOs and USDT in particular.
Sovereign monetary inflation supports cryptocurrency prices, but I feel that not to the extent of cryptocurrencies' inflation, which is much higher.