Are you mentally prepared?

12 comments

mindtrap6 years agoBusy3 min read

Being on Steem for over 2 years now and having experienced nothing but a 2 year bear market, it feels good to walk on these green fields for a change, doesn't it?

STEEM amongst the top gainers eh? It's been a long while...

Do you remember all the STEEM believers, myself included, that used to say: "Don't quit now, just because the price of STEEM dipped that much. Now it is your chance to be noticed. Now it's your chance to accumulate as much as you can?"

Guess what?

Now you can earn half the STEEM you could earn compared to the not so distant past...just 75 days back when STEEM bottomed out on November the 25th 2019.
Now you can also buy half the STEEM you could buy compared to the very same period and for many months in a row before that,for the same amount of money.

All time highs (ATH's) and all time lows (ATL's), are often used as reference points and it's exciting for people to try to analyze the price ride in between those two.

Thinking of the probability that this may be the very beginning of a new price rally makes me wonder if those who have been dreaming of STEEM sitting at $2...$3...are ready for this.

The higher the price, the more attractive Steem blockchain will become.

And this is the sequence of events that will take place...

Those who have quit will come back seeking for attention, after all this is the attention economy...
More people will find out about Steem blockchain and will try to take advantage of the potential to either build their businesses on top of this blockchain, or to simply enjoy all those apps we've been enjoying all those months.
The more people will jump in, the more stake will be used...

I had an interesting discussion with @dalz on discord the other day, who happens to be a blockchain freak and can extract any kind of info from the blockchain (btw you can use his services if you visit the @leoshop) and told me that out of the 350+ mill of Steem in circulation ~ 210mill is staked and out of those 210mill, only 125 are being used for upvoting / downvoting purposes...expect this number to go up hand by hand with the price of STEEM.

More hands on the rewards pool ==> less effective your vote...and everyone else's.
Less effective vote means less rewards (SP wise). People will earn sbd though...Meh...sbd ain't STEEM.

I've read somewhere that...