The price of Steem is partly determined by the price of other cryptocurrencies which are influenced mostly by the dollar and other centralized fiat currencies. World banks regulate the dollar a lot. So, they have been trying to destroy the American economy, especially in 2018. That impacts the crypto world to some extent. The good news is that cryptocurrencies can break away from that tyranny of Rothschild, Soros, etc. But for the next few years, we still have to battle through a fight with globalism, technocracy, etc.
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I understand perfectly what you say, but why do the btc keep going up and the steem is not! and when the btc decreases the steem also lowers in price and remains stagnant, in previous years that did not happen, everyone followed the btc according to the movement that it presented @joeyarnoldvn
It seems that Bitcoin is not as diverse as Steem is. Also, Steem might be following Bitcoin. Maybe some months behind. But again, Bitcoin is more simple and bigger. Simple because Bitcoin is just used like money. Steem is a cryptocurrency as well but is also a blockchain social network that is supporting different platforms, apps, like Steemit.com, Busy.org, Dtube, and others. So, it might be rather complex and Steem is not Bitcoin like I said.
Specifically, I don't know what is happening but I hope that Steem rises someday. But we may have to wait ten years. But it can rise but maybe not now. Maybe there are some things I don't know about. But I am guessing that Steem is a little slow, maybe by a few years behind Bitcoin.
Exactly what I try to say! we do not have a logical explanation of why the steem has been falling in price while the btc is going up !.
Different applications have been created in blockchain, each day we advance more and steem is more consolidated, but nevertheless its price is undervalued.
With this bear market the steem is so that currently has a value of 1 to 1.5 $ because it is the price I had in 2017 when the btc is around $ 6,000, so what happens? .. we do not know, this is inexplicable.
As I just told you, the steem is very undervalued. Before it was simply steemit and nothing more, today with so many advances is so that at least it has an approximate value at 2 $ and that is far away. @joeyarnoldvn
Steemit will continue to be undervalued until enough people join it and integrate the Steem currency in the free market more, in everyday life, which may be before 2025.
That is why it is so important to make on-boarding worthwhile rather than annoying.
Should new users be given more SP to start with, maybe through a donation method from other users, or should there be something like a one month free trial of 100 SP per new account? But then again, I'm not no super mega computer expert, but I kind of have a feeling that a SP free trial thing is not specifically and not exactly possible to do on a blockchain like Steem, just maybe, and I kind of hope I am wrong about that but I guess the free trial is not possible and only donations would work because can a free trial of SP be reversed? If you give a new user some free SP, can you then come back in at the end of the trial and take it back from the new user?
Or if you can't get back the SP at the end of the free trial, could the blockchain tax the new user like a loan system to compensate until that new user is able to pay back for that loan as that new user grows on Steem?
We already have the ability to delegate steem power and to take it back. When you started your account 2 years ago, you were delegated some steem, as was I and everyone else.
Since the introduction of RC, the amount of interaction for new users with limited RC is highly restrictive at a time when they NEED to be active and form relationships. They need to make LOTS of comments and have their username be seen a lot.
By restricting their ability to interact, frustration and hopelessness sets in.
To be honest, even with all my RC, I am feeling rather low as far as my ability to grow my account. All those bots that would randomly give huge up-votes are now gone (or at least I haven't seen one in ages). There is one curation trail I've seen that still has that euphoric effect when it drops by, but it seems to visit the same authors more than not.
I strongly believe that Steem COULD be a great place but something has to happen quickly before the ability to recover is lost. There is lots of competition coming and some are pretty slick. That has me worried.