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RE: An Absolute Price Crash is the Best Thing for Steemit as a Platform

in #steemit7 years ago

I think this pull-back was necessary and extremely healthy for a number of other reasons, too. After the spectacular rise in crypto this year, the charts desperately needed a huge drop. This rise was so fast it's almost like a gap in the chart that needs to be filled. On top of that, this huge Bitcoin Scaling issue (I call it the Trojan Horse) is causing way too much uncertainty, which markets hate. I don't think there is even an outcome that will lead to improving bitcoin currently on the table, as I've noted in my Trojan Horse article.

I think we'll shake a lot of people off the platform in the near future, but if I had to wager, it won't necessarily be those named in the original post. They may go dormant for a bit though, choosing whatever venue they feel is most profitable for dispensing their individual types of content.

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I did think a correction was coming but hoped that it wouldn't.

As for the platform, sure. A lot of newbies will go if it drops, the follow for follow brigade for one. Some of the folk that left last time didn't come back even though at one point it looked like everyone had. It will be interesting to see. Soon ;0)