After one of the most prominent "price pops" in the history of cryptocurrency, Steem has fallen from a high $4.60 to a low in the 9 cent area. We have had a recent big move up of 100% or more, hitting 25 cents and settling in at 20-21 cents at the time of this writing. After a slow death can the Steem crypto pull off a Lazarus type maneuver?
If you discovered Steemit through the crypto community rather than the blogging community, than you most likely are familiar with the many times that Bitcoin was declared dead. Each time Bitcoin came back. I'm not saying every crypto can do this, there are many former bubblecoins that have never come back. I'm proposing that Steemit is an ever evolving system that can adapt more quickly than Bitcoin and may take some of the Steem doomsayers by surprise.
Attention is an intangible asset that has proven itself to produce massive tangible wealth and value. Google (Alphabet) is a prime example. Steemit is so far ahead in the decentralization of the attention market it's not funny. Do not take this fact for granted, It has immense value.
With the upcoming changes in the next hard fork, inflation of the steem currency will be greatly diminished and the supply will be constricted. Things are looking bullish.
Happy Investing C#
Good and realistic post.
Thank you for the perspective @investing. All the comments about the death of steem over the last few weeks became unnerving. You are absolutely right, supply will be constructed soon, and it is onward and upward from here.
the Steemdollar and power up system is uselessly convoluted and detracts a lot from the value of this coin. No outside investor would be interested to play power up / down games and put hard earned cash into a constantly diluting inflated currency...