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CREATIVITY IS WEALTH! How STEEM Can Recover From This 18 Month Low.. Any Why Dogecoin Might be Beating Steem! by ura-soul

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· @ura-soul ·
$8.14
CREATIVITY IS WEALTH! How STEEM Can Recover From This 18 Month Low.. Any Why Dogecoin Might be Beating Steem!
***Every day for the last few weeks I have seen a significant drop in the price of Steem and just when I think it won't go any lower, the next day it does! As I wrote about recently, [Steem's value depends on the successful evolution of the social networking aspects](https://steemit.com/steem/@ura-soul/the-future-growth-of-steem-value-increases-require-successful-social-networking-and-functional-utilities-based-on-steem), moreso than the purely financial aspects.. Here's how the situation can turn around in the next 6 months...***

![steem price sep 2018](https://files.steempeak.com/file/steempeak/ura-soul/cajzVr2j-steempricesep2018.jpg)

As you can see, the current price of $0.67USD for Steem is as low as it has been since May 2017, according to [CoinMarketCap](https://coinmarketcap.com/currencies/steem/#charts).

As always in crypto markets, there are numerous factors involved that are influencing the price changes and there are so many people and groups involved that it is not always a simple matter to understand what is motivating markets on a daily basis. In some senses, it is easier to predict a horse race than it is to predict crypto markets accurately. However, when it comes to specific cryptocurrencies, we can certainly look at the unique forces involved, such as the features of the coin/token, the team involved, any community that is attached and also the actions of direct competitors. 

In the case of Steem, it is no secret that EOS is live and threatens Steem directly, partially due to the dispute between @dan Larimer (original designer of Steem and EOS) and the current CEO of Steemit Inc. @ned. It is certainly likely that some holders of Steem will sell up and move across to EOS. However, EOS's price has also nosedived recently, not holding up as much as Bitcoin (or even Dogecoin!).

### Greedy Players?
---
Given that crypto is largely unregulated and can produce massive gains in short time periods, it is no surprise that there might be heavy market manipulation from numerous sources. I can't help but notice that each time there is a large spike in the price of Dogecoin, for example, other coins nosedive - inferring that perhaps some large holders deliberately move their tokens across to Dogecoin every few months to play out a tried and tested strategy for profit taking. This kind of move is not one that benefits from any kind of improvement to human life or service being given, it is literally just taking money from one group and giving it to another - for no reason other than that they have gone into a form of financial combat.

### Non Greedy Co-Creation!
---
The answer most likely lies in being productive and creative. Creativity is always the root of the value that money is intended to represent - so by being creative, we are inherently creating value and thereby also forms of wealth too. 

As I pointed out in my previous blog, some of the money used to buy Steem consistently gets paid in rewards, meaning that Steem has to receive investment if it is to even stand still in terms of value. Therefore, we must creatively use Steem to attract investment if we want to see a solid recovery. 

There is massive money available in social networks such as Reddit, Facebook, Twitter and G+ - if only through advertising - and so it is important that Steem capitalises on that if it is to thrive into the future. The community features that will be coming in the next few months will likely provide a massive boost in that direction and once people have a valid way to form real communities on the blockchain, I feel it is likely we will see greater adoption and intention to use Steem as a tool for social networking, rather than a novel way to get paid for posts. As long as competing social sites provide much better features, Steem's financial aspect will just be a single benefit, rather than being a killer feature that makes the difference between someone using Steem and someone not using it.

Our own creativity will make the difference here, both in terms of how we use the new features and also in terms of how we promote Steem to others. It isn't enough to just hope someone else will do it, Steem is much more of a community and DIY project than the large corporate networks and the quicker we realise this, the better for us all.

Groups such as @oracle-d and @promo-steem have led the way in terms of promoting Steem around the world and we continue to need them on into the future if we want to see Steem growing strong again!

When we use a consistently balanced approach to growth that takes a long term view, the results are much more beneficial overall than short term exploitation. It is this kind of thinking that will turn Steem from an immature concept into a household name in coming months/years!

Wishing you well,
Ura Soul
---
#### <center>Vote @ura-soul for Steem Witness!</center>
<center>
[![vote ura-soul for witness](https://cdn.steemitimages.com/DQmQcSNkNgmUxfMHoLJXMr7HKSqpgR7y1VFAksabJhDtNy6/witness%20vote%20button%20-%20steem.jpg)](https://steemconnect.com/sign/account-witness-vote?witness=ura-soul&approve=1)
</center>
<center> [View My Witness Application Here](https://steemit.com/witness-category/@ura-soul/ura-soul-witness-application)</center>

<center><sub>
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 Without witnesses there is no Steem,  Steemit, DTube, Utopian or 
Busy... You can really help Steem by making your 30 witness votes count!)
</sub></center>

<center>
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</center>
<center>Find out your voter rank position at [steemocean.com](http://steemocean.com)!</center>

<center>
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</center>

<center>
[![ureka.org](http://i.imgur.com/AzZb55n.jpg)](https://www.ureka.org)
</center>
<center>I run a [social network](https://www.ureka.org) too!</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote your-acct "ura-soul" "creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem" 100 true
post_comment your-acct "re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180924t090922206z" "ura-soul" "creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem" "" "your reply.." "{}" true

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@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📉 24h | 📉 7d
- | - | - | - | -
**BTC** | Bitcoin | 6269.659$ | _-0.9%_ | _-12.35%_
**DOGE** | Dogecoin | 0.006$ | _2.24%_ | _25.5%_
**EOS** | EOS | 4.814$ | _-2.63%_ | _-20.38%_
**STEEM** | Steem | 0.667$ | _-10.25%_ | _-29.48%_
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vote your-acct "coin.info" "re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180912t120259729z" 100 true
post_comment your-acct "re-coin.info-re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180924t090922209z" "coin.info" "re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180912t120259729z" "" "your reply.." "{}" true

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@obest ·
Steem needs to create communities of various niches in other for it to be adopted by the masses and also with the release of SMT which I believe will leads to steem to become a major hub for other platforms to be built upon will leads to a more viable steem price and growth of the steem blockchain
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vote your-acct "obest" "re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180912t125821633z" 100 true
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@mulletwang ·
Viable steem price..? What does that mean? Moon price that makes us all happy?
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vote your-acct "mulletwang" "re-obest-re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180912t180646254z" 100 true
post_comment your-acct "re-mulletwang-re-obest-re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180924t090922214z" "mulletwang" "re-obest-re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180912t180646254z" "" "your reply.." "{}" true

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@joesal · (edited)
There does appear to be two components to what is going on. Social platforms are built around two initial primary constructs:

-traffic
-investment

The more I look at these things, the more I think a platform should start small and build by traffic instead of initial large investments.

Large early investments models typically have a distortion component that creates a return on investment in an attempt to rig a chance process. Also early accumulation distortions can persist. 

This isn't necessarily GREED, but a model attempting to deliver a ROI model that would attempt to attract early investment. Investment models are often heavily diffuse into rent seeking frameworks. The accumulations of 'power' and 'wealth' occur early within the social constructs.

These platforms can only be a replica of free markets, as it is a social construct operating within other social constructs. The layering creating problems at each level/layer.

If you are going to limit the early (and continuing) distortions of investment and divestment that really only leaves pushing traffic to it's highest levels. 

In a free market the value exchange is direct:
Value<=>Value 

In this platform it is much more complicated

Production value<=>Traffic<=>Reward Value+Sharing value

Without heavy investment, there would be a need for people who could produce production value early on to increase the traffic to a point the platform becomes sustainable. 

If that isn't possible I think the model is stuck with the investment problem and continued accumulation problems.

What are your thought?
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vote your-acct "joesal" "re-ura-soul-creativity-is-wealth-how-steem-can-recover-from-this-18-month-low-any-why-dogecoin-might-be-beating-steem-20180912t134529010z" 100 true
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