RE: Vlog 374: Current Steem prices will be fantastic long-term for the Steem Blockchain as distribution improves daily.
I recently read a post on reddit, which was actually quite good but the most important bits was that he explained how in his opinion over time the stakeholders change, and in result a new bottom is formed.
For example: people who have been here from the start, maybe when Steem was below 10 cents, have a higher ambition to just sell out. Which means their bottom is 10 cents. However, new stakeholders like @theycallmedan bought in heavy at 78cents+, which means that is his bottom.
As more and more people buy in - and actually, quite a lot bought in during the bull-run, old stakeholders are being replaced with new ones and the threshold to sell rises.
Now, there are obviously stakeholders like you, @exyle, who have been here from the start and are still holding. But as more and more new stakeholders buy in - the more price stability Steem will have.
I mean, I could have sold Steem at 8$ 7$ 6$ 5$ 4$ 3$ 2$ 1$ - but I didn't and I will def. not start now.
But anyway, great post & video!
I did sell SBD in the bull run but never STEEM. I get were you coming from though I would never sell at these prices either.
Your analogy all depends on the value of the token though. You can say Dan bought tulips in the tulip mania at 78 cent. Even though it's his bottom his bulbs will be worthless.
Now I obviously don't expect this with STEEM. I think it's heavily undervalued. I'm buying as much as I can.
But only time will tell if we are nut case tulip lovers or visionaries. I have high hopes though!
Keep up the good work yourself man! (ps. I got my dad on Smartsteem).