Prices are down, is all hope lost??? by niallon11

View this thread on steempeak.com
· @niallon11 ·
$39.01
Prices are down, is all hope lost???
<center> https://s15.postimg.cc/kfa6054jv/New_steemit_article_header.png </center>
<br>
## <center>  I’m feeling a little bit philosophical today. What is it all about? </center>
<br>

 STEEM price is hitting the floor and I’m sure that a lot of people are getting nervous. If you look at the posting stats since STEEM has dropped below $2 then you will see that activity has pretty much halved in the last couple of months. Less money, less people.
<br>

## <center>  So does that mean that the dream is over? </center>
<br>

 There is no profit to be made anymore so we should all power down, sell off and move on. I’m sure that there are lots of people thinking that today as well. It went down as far as 65c, prices not seen since May 2017. That seems like a lifetime ago now and how much has changed on here since.
<br>

## <center>  Time to pack up and leave? </center>
<br>


That depends on your perspective really. All the people who have stopped posting and powering down obviously don’t believe that there is a future being part of the blockchain. They came for whatever profit could be made when prices were high and now that it’s not there anymore they are the first to jump. There will be exceptions to any rule but for the most part the stats are clear on how many active accounts there and that would be my main theory on why the people are not here right now. 
<br>

## <center>  Is that the true story of STEEM? </center>
<br>

For me it most definitely is not. I can only see a big future for the STEEM blockchain and nothing I have seen in the past couple of months has changed that view. Exactly the opposite really. From active projects like steemmonsters, steem-ua and actifit that already are up and running to some developments that I have seen in just the past few days. After that we need to mention the upcoming SMT launch which should only be about 6 months away.
<br>

## <center>  What have I seen this week? </center>
<br>

For starters we have the first witnesses running hardfork 20. I have read today about @ausbitbank and how he is already running the newest version of STEEM on his node. This is one of the big changes that we have been waiting for as it will allow separate apps to join new accounts to the blockchain and hopefully resolve the sign up issue that has been plaguing the blockchain for as long as I have been here. In theory this should bump up the active users substantially and all we need are for a few of our apps to stand on their own feet to make a huge difference to the whole system.

Also today I have seen a post from @futureshock that has given me a nice burst of optimism. They are planning on setting up multiple different applications over the next couple of years that will add a lot of people and projects to the blockchain. From the actual post;

> <h3>Our Mission & Vision</h3>

>The Futureshock Incubator, with its talented members, brings futuristic ideas to fruition, by looking towards tomorrow and hacking the reality, grabbing ideas to work on, co-founding and growing them into projects, from concept to the first line of code, to a company and to a brand. Our heart is set on true progress, and making a great impact on your future life. This is how we will achieve our vision, of realizing a futuristic ideology that will be impactful on our future.

><h3>Active Futuristic Projects:</h3>

><h3>Fundition.io (Launched on 2nd Quarter 2018)</h3>

>Fundition is the first decentralized crowdfunding and collaboration platform built on Steem Blockchain.

><h3>SteemSTEM.io (4th Quarter 2018)</h3>

>SteemStem.io (@steemstem) is an open source web application which aim to offer a space where both STEM professionals and passionate bloggers can freely distribute their knowledge in a social media environment that actively promotes and rewards them.

><h3>Teelkee.com (3rd Quarter 2019)</h3>

>Teelkee is the next-generation, decentralized Dapp builder platform on the Steem Blockchain.

><h3>Factit.io (4th Quarter 2019)</h3>

>FactIt is a decentralized platform dedicated to debate,verify or deny facts in a collaborative way.

><h3>Ongame.io (2nd Quarter 2020)</h3>

>Dedicated to gaming, Ongame is a gaming platform which combines the power of the largest social Blockchain, Steem, and the largest gaming platform Steam. 

<br>

<i> This is just a summary of what they have planned in the next couple of years. For the full article,</i>

https://steemit.com/steemit/@futureshock/futureshock-and-steem-the-future-is-yours
<br>

## <center>  So, what to do? </center>
<br>

Well for me. Not much has changed. The goal is still to grow my account. Grow my following and look to the future. My aims on Steemit are long term and I believe that the future will be bright. All of the markets are poor at the moment so if anything this presents a golden opportunity for people who are looking to the future and think that STEEM will have a big say in it. I think that it is one of the most undervalued blockchains there is. From what I can see, it has more to offer than 99% of what is out there in the market and isn’t getting it’s due respect. The day that it does, we will all be very happy with where the price of STEEM has gotten to.
<br>

<h2> Note: This entire article is my own personal opinion. Not all facts may be correct and only invest money after you have researched and can afford to lose.</h2>
<br>

![](https://steemitimages.com/DQmam2fVrrjYCbZgLMccQ93pdT75Hnj2tn1W3kAJcCQ2h6W/image.png)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 57 others
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@societyengineer ·
$0.05
Money is flowing to somewhere else even there is no bad news. That is panicking people and collecting coins by makers. When time comes with a lot applications and solutions coins will be more powerful. 

I am a stubborn guy and not giving up anything. I will be learning new things about blockchain and  projects. When time comes, I will be ready
👍  ,
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@niallon11 ·
There is a lot of panic out there and you can see how many people are trying to move there money at the moment. I'm not happy with the market but not panicking about it. All the coins I have were for the long term not just a quick turnaround. Im ok with holding them as long as nessessary until things pick up. 

Especially steem, it's my favourite coin and everthing I've seen in the past few months development wise has only increased my belief that I want as many as possible before it explodes. I'm looking long term and if crypto survives this will be one of the big ones.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  
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@societyengineer ·
$0.03
I think it is just beginning for cryptocoins and for great project like **steemit** and **Dtube**. Now people are persuaded by vision and intentions.

 When projects are used as a solution to real life problems, we will see the marketcap and values.
👍  
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@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/niallon11__prices-are-down-is-all-hope-lost.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@eroche ·
$0.02
I am certainly sticking around.
👍  
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@niallon11 ·
Thats good. We are up to at least two people now. Hopefully we can get to double figures or it might get a bit quiet around here.
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@eroche ·
😁 it does feel like the tumbleweed is blowing lately
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@renat ·
@niallon11, you are interesting to read!
👍  
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@niallon11 ·
Thanks. I'm not great to post every day but when i do write i try to keep it interesting. There is normally plenty happening out there so i try to pass on whatever i manage to find.
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@umairx97 · (edited)
$0.03
I think decreasing and increasing of cryptocurrencies has become a trend now..those who have been in this business long enough know not to panic when the prices take occasional dives.. Although i think that steem will go up as facebook is already working in the crypto domain
👍  ,
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@niallon11 ·
I think your right about that. Over the past few years there has been massive fluctuations in the markets. As i was saying in the post it's the developments that i am looking at rather than the prices. Which blockchains are showing the most progress and most ambition??? 

As far as i have seen thats steem on all counts. All the apps that i have seen getting developed and getting ready for their own SMT's give me a lot of hope that we are in for a big year. Lots of the big companies are moving into blockchain technology so there is definitely a future there, it's just a matter of which crypto's are part of it.
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@umairx97 ·
$0.03
Nowadays blockchain is moving so fast away from crypto its getting really hards to sort out which implementation / platform would be best for the users...although those networks are doing best that use crypto as some king of incentive like steemit itself
👍  ,
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@weirdheadaches ·
Cheers.
👍  
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@niallon11 ·
$0.04
No worries. Good to see you still floating around.
👍  ,
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@cityofstars ·
wow! that's awesome
👍  
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@niallon11 ·
It's an awesome opportunity anyway. I hope you manage to take advantage while all this STEEM is there to be had. In a years time it might be very difficult to earn them.
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@rhyscn ·
$0.03
I think Steem has a lot of users/holders that are relaxed right now in the current market, reason being there is already a functional active product being used by large numbers on a daily basis. A lot of other projects are waiting to go to "main net" and even still won't see the numbers of the likes of Steemit. It is a long game but Steemit is already ahead of most of the pack.
👍  
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@niallon11 ·
A lot have powered down but as you said a lot are calm and looking ahead. I'm one of them. I look at my sp as the most important number and not the steem price. There are lots of factors in the price but we should be optimistic.

>Reason being there is already a functional active product being used by large numbers on a daily basis. A lot of other projects are waiting to go to "main net" and even still won't see the numbers of the likes of Steemit.

I think that you make a good point here as we already have a product up and running with a lot of daily users. My question is can we increase the active users ten fold or a hundred fold. Which would still be a tiny number in terms of any popular app but massive in terms of price. That is the direction we need to be moving and hopefully will be moving towards over the next year. We already have one of the most used blockchains in terms of transactions but I still want to see even more.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@cwow2 ·
I joined for the money. I stayed for the community.

Steemit has so much more to offer than some pocket change. I am staying for the long term!
👍  
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@niallon11 ·
That's the attitude. Once you find your place in the community I think that a lot of people get hooked on here. Most of the accounts that we lose are in the early stages when it's all a bit complicated and frustrating. Just keep accumulating and stay positive and in 3 years who knows where we might be.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@cwow2 ·
$0.02
Well. I have only been here for 29 days and I will wanna stay and grind :D Thats one of the fun parts of being on Steemit. Its not a get rich fast schem which I love and the interestering articles on steemit is more worth it to me :D - I still wanna grow and being able to have an impact on people tho :D

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  
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@spectrumecons ·
$0.02
I can understand the concern over the plummeting prices. I believe Steem has a bright future for many of the reasons that you stated. 

I have powered up recently and will again soon. I just need to win back some of my followers or find new ones.  

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  ,
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@niallon11 ·
That's the attitude. Once you find your place in the community I think that a lot of people get hooked on here.Just keep accumulating and stay positive and in 3 years who knows where we might be. 

My main focus for now is to up my interaction levels and to expand my number of followers. I checked out my steem-ua and the number is a lot lower than I expected. It's been improving a small bit every day but my goal is to increase my sp over 10k and push my ua level up near the top. It will take work but that's what the winter is for.

Just stay positive and push hard.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@spectrumecons ·
$0.03
I can understand the concern over the plummeting prices. I believe Steem has a bright future for many of the reasons that you stated. 

I have powered up recently and will again soon. I just need to win back some of my followers or find new ones.  

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  
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@niallon11 ·
$0.05
>I can understand the concern over the plummeting prices. I believe Steem has a bright future for many of the reasons that you stated.

Yes, we can all understand why people would be worried but as we know just over a year ago the prices were a lot lower than this. They will go up and down since we operate in such an uncertain marketplace but for all of us who believe in the future its about accumulation more SP rather than following the prices. I know that it will come back up it's just a matter of where it settles in a few years.

>I have powered up recently and will again soon. I just need to win back some of my followers or find new ones.

Like you, i have topped up a bit more recently as i just couldn't pass up such a good opportunity. When i started on here accounts with 1000sp seemed huge to me so it's nice to have passed that out and aiming for dolphin status next. All i need to do is try and add new and active followers along the way as a lot of mine have faded out over the past year. There are still plenty good people on here and it's actually easier to find them at the moment as a lot of the spammers have left since the prices went down. Always a bright side.
👍  ,
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@vogeltron1 ·
$0.03
In my personal opinion Steemit its tokens and its subsidiary platforms are story that is going to take at least a decade to play out.
👍  
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@niallon11 ·
It's going to be an interesting ride however long it takes to get there. We are only at the start of the journey with steem so there will be a lot of up and downs over the next ten years. 

The development is only really beginning now and should gather pace over the next year or two. Add in whatever legislation is brought out to cover the whole system and we should see a lot happening soon.
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@imawreader ·
$0.02
Did bitcoin struggled the same way as steem at the old days?
👍  
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@niallon11 ·
Ya it's had massive ups and downs over the past 4 years. The good thing is that every time it looked like hitting the floor it went higher in the next bull run. If you look at the markets from this year it mirrors the last four years almost exactly. Then came back stronger again. In expecting the same again and steem to follow it when it does.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@steem-ua ·
#### Hi @niallon11!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 2.458 which ranks you at **#16459** across all Steem accounts.
Your rank has improved 49 places in the last three days (old rank 16508).

In our last Algorithmic Curation Round, consisting of 487 contributions, your post is ranked at **#113**.
##### Evaluation of your UA score:

* Only a few people are following you, try to convince more people with good work.
* The readers like your work!
* Good user engagement!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
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