Exactly my reaction when I looked at Steem’s position on CMC! I know we keep saying there’s nothing wrong with STEEM, that it will catch up and that it is still heading in the right direction, but from where I stand, it doesn’t seem that way! There is power in numbers and right now it seems like we are losing them.
I am not trying to cause any panic or discourage anyone, but I think we really need to pay attention as to why STEEM is drastically falling and under performing. Some would argue it is the constant sell orders by Steemit Inc, but who is buying if they are selling?
Also, I think we cannot solely put it on Steemit Inc, tokens are meant to be trad-able and not just for Holding. If there aren’t enough investors or buyers for the token, then that means there are not enough people finding the value in the token hence the drastic fall.
I don’t know about you guys, but I think we seriously need to look into marketing the platform. Like serious, proper, professional marketing. Not users putting out tweets and posts on social media in what seems like an indirect forceful advertisement, but rather in an informative, fun and friendly manner.
It feels like every couple of weeks I come back here with the same rant to no solution, sometimes, rather most times it doesn’t even feel like people care enough, but I just really wish I knew the secret formula to use to help push this lovely blockchain to the level it deserves. I don’t know what it is, but STEEM is terribly failing at something, and I am not sure this HF21 & EPS is going to make things any better. In fact, I fear it might make things pretty worse.
Can you believe Bitcoin is about to Hit 10k & Steem can barely stabilize at $0.40? Very disappointing!