Not a problem for me at all. We Steemians don't all think about currency creation and it's effect on the currency that already exists; but the investors do. Unfortunately the institutional investor has a bigger influence on Steem than we do, even when they don't own Steem. I watched the price of Steem go up as an entity bought up about $15 million worth of Bitcoin and that means the same could happen when he sells his Bitcoin. ( He may have sold already, I'm not in the habit of watching the market all the time)
Greetings!
My feeling about where goes Bitcoin goes the crypto market does not mean steem being a good investment at this point. It has too much inflation at the moment. Once enough eyes are on the Chain, then big money for advertising purposes may follow. Placement content at the very least paid for in steem for corporate run contests.
Ug. There is a shudder at that thought. Subscription monitored portals might be the future. 😎
Not a problem for me at all. We Steemians don't all think about currency creation and it's effect on the currency that already exists; but the investors do. Unfortunately the institutional investor has a bigger influence on Steem than we do, even when they don't own Steem. I watched the price of Steem go up as an entity bought up about $15 million worth of Bitcoin and that means the same could happen when he sells his Bitcoin. ( He may have sold already, I'm not in the habit of watching the market all the time)
Greetings!
My feeling about where goes Bitcoin goes the crypto market does not mean steem being a good investment at this point. It has too much inflation at the moment. Once enough eyes are on the Chain, then big money for advertising purposes may follow. Placement content at the very least paid for in steem for corporate run contests.
Ug. There is a shudder at that thought. Subscription monitored portals might be the future. 😎