It seems like in any rush—gold, silicon, online, social media, now crypto—there's this giddiness that takes place at the beginning as people tend to overlook the laws of the markets, gravity, physics, etc., and so they jump all in on what has been built up to be the one sure thing. In reality, there are no sure things, and so when something disappoints, or long term holding turns to short term gains, the price plummets.
I don't think STEEM was intrinsically worth $5-$8 back then, but I do believe, with the last hardfork, what's gone on under the hood since November, this next hardfork, and more coming, that it's worth much more than that now. While there's been a lot of messing around and lost time for all of 2018, some of that has been made up for, and all of that should be put in the positive column if one is making a case for STEEM.
Hey, @doyi.
It seems like in any rush—gold, silicon, online, social media, now crypto—there's this giddiness that takes place at the beginning as people tend to overlook the laws of the markets, gravity, physics, etc., and so they jump all in on what has been built up to be the one sure thing. In reality, there are no sure things, and so when something disappoints, or long term holding turns to short term gains, the price plummets.
I don't think STEEM was intrinsically worth $5-$8 back then, but I do believe, with the last hardfork, what's gone on under the hood since November, this next hardfork, and more coming, that it's worth much more than that now. While there's been a lot of messing around and lost time for all of 2018, some of that has been made up for, and all of that should be put in the positive column if one is making a case for STEEM.
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