Stop Looking at Selling STEEM as Being "Bad" for STEEM and Steem

10일 전

Here I thought that people would be allowed to buy and sell crypto, and not be seen as doing something "bad" or "harmful" for selling it.


Source

For those that view it as a "negative", why is that? What, do you think the purpose of crypto or STEEM is to hold onto it, and never sell it? Is that why people buy it in the first place, to never sell it? LOL.

Do you realize that when someone successfully sells it, someone else is buying it?

Is the problem the downward pressure?

I say let anyone who wants to sell their STEEM to go right ahead. We need to stop focusing on the loss of value of STEEM just because people are selling it. Sure, people buying is good. That makes the price go up more and more as more people buy from others who are selling. But you see, others are selling for someone to buy. There is always selling anyways.

The difference is that when people really want to buy, they will buy at the high end that others are asking for, making the price go up. When people want to dump it, they will sell it at the low end for whatever others are willing to pay for it. In either case, someone is going to own STEEM. The price isn't what matters.

As I mentioned earlier today, we need to get over our attachment to investors and the rich and letting anything "fly" on the blockchain in the name of money, just to let them make money in whatever way they want no matter how it affects the long-term success of the platform. So what if the rich whales or investors are dumping STEEM. That means the centralized power is leaving few hands and potentially getting into more hands.

If all the rich money-focused people sold off their stake/shares of STEEM, and put downward pressure on STEEM, then thousands of others could buy it for cheaper and bring more decentralization tothe power structure on the platform. That would be a very good thing.

We don't need the rich to keep their STEEM. Let them sell it off. Welcome it. Don't look at it as bad. Stop looking to the investors and large stakeholders as being necessary. Then maybe we won't be so focused on doing anything just for money to prevent people from selling their STEEM. If they can sell it, that means someone else owns it. If the rich holders sell it, that means it's going into someone else's pocket/wallet.

Would you prefer 40 rich whales on the platform with all the stake more centralized, or 400 or 4,000 or 40,000 people with that stake more decentralized instead?


Thank you for your time and attention. Peace.


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I sold off some ETH for Steem and locked it up :) The more people buy and lock the less supply there is. If demand rises then price rises too. Someone has to sell if someone is gonna buy! :)

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If nobody sells the price will continue to increase until somebody does. Unless nobody is willing to buy at the lowest price anyone is willing to sell. We would have market failure. I don't see this happening with Steem. However, this could happen with vote selling.

Posted using Partiko Android

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I hope it works out for you ;) I'm a bit weary given how the money rules everything and removed rewards from posts for content they don't like, conflicting with their own ideology.

Hi@ krnel ,

You have very good points, currency should be disappointing as long as there are buyers. It's not just big whales that the sale Steem.

There are many who are in need of financial everyday life and they take out the profits to live in everyday life and they are happy when they can buy bread and milk for the profits they have received,

They don't have time to wait for higher prices when they need food

long ago I posted a comment with you

I have to agree, if no one sells, there is nothing to buy. And people that want to sell it now, more power to them.

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No sellers and lots of buyers. That would be interesting. I can imagine that only being a temporary situation (a few seconds). If only we could convince everyone to power up.

Posted using Partiko Android

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Yeah, why not, make it lower and easier for the rest of us to buy ;)

Good point. Money or Steem need to circulate. That's the whole point of currency.

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Yup. Gotta sell it for others to buy ;)

Absolutely agree in both posts. Nobody can buy if nobody sells. Those who want to promote a price increase by reducing Steem's supply show that they are not interested in the project and that they only want to speculate with the price to sell.

The price increase must be organic, established by the market and not by the people who buy or sell based only on the price.

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Yup, let them get out. Easier for us to get in when they sell cheaper and cheaper ;)

I keep hoping for 10 cent steem,...

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Bring it! $0.07 ;)

Agreed. If there is selling- there is buying by default. I would love for some of the whales who are only here to enrich themselves to sell all their Steem. And with the low prices, even I was able to buy some. Yay!!!

Posted using Partiko iOS

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Yup, please sell all your steem you rich bitches lol

Who's selling? If it's the whales selling, let them do it. We can't have decentralisation with them holding almost every bit of Steem.

If it's the little guy selling, that's a stupid move. Don't let the whales buy it from you at these prices. Wait for it... And make 'em pay! 😂

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STEEMIT INC is selling it, people dont like that move thats why fuss is around, its company behind steemit.com.

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I don't like that they have so much. Let them dump. The more it goes down, the more I'll buy.

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I hope it's more of gradual sell off. A quick dump could cause others to panic sell. Also, if the price gets too low for too long. We will have a hard time attracting good witnesses.

Posted using Partiko Android

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Let them panic sell, if investors have not learned from the US 20's stock market crash, or the more recent "Crash'es", or the dot com bubble, or the housing bubble, we need this crypto/bit-coin bubble burst. In the long run, the stock market recovered, the housing market recovered, there are still dot coms out there, and even that horrid banking industry recovered and automobile industry recovered, let the panic selling begin.

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Of course the stock market and housing markets recovered. Firms will always need capital and people will always need homes. For individual firms on the other hand, it is entirely different. The firms that can whether the storm will survive. Maybe they are able to adapt or just have deep pockets.

We can argue the same about the cryptocurrency market. The market as a whole has a great chance of not just surviving but thriving. Most individual coins will probably fail. This could be because they lack potential or there is a negative perception about them. Whales dumping in one shot will create that negative perception. This is even more true if the whales invest in other cryptos. A quick dump would also drop Steem's ranking. Many applications would leave if they cannot by financially supported. Price drop would lower usage of Steemit and other dapps. Ad revenue opportunities would be limited as ads requires views and clicks.

A gradual sell off would be considerably less detrimental to price and eventually increase decentralisation. For now, we still need whales. I also think it is unlikely there will be a massive dump because many of the whales have a lot of confidence in Steem's potential.

Posted using Partiko Android

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Price drop would lower usage of Steemit and other dapps.

Price of steem has been falling for over 9 months, so for steemit at any rate, and esteem, and partiko, not sure if they have lost numbers because of the price drop, or because of the number of apps available to post with. There has been a slight slowdown, but the whole doom and gloom people keep talking about when it comes to price verse usage, just does not seem to be happening.

I think that bodes well for steem in the long term. The price may not be very stable, but there is a core group of users that are carrying steem through the rough times, I was not here for the 2016 five cent price, but a lot of the people sttill on steemit and the steem blockchain have seen some pretty rough times and changes, and still they prefer to be here than over at other newer blockchains or back to FB, and YT.

To me it seems that it was mostly the scammers and self voters only that have been absent during the price decline fewer V4V and F4F lets make 20 cents each post and post ten post types to make two dollars a day people. Less clutter, so the price drop in that respect was good.

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I don't know who. We see powerdowns and moving to exchanges, bu that doesn't mean their selling yet...

You are right, authenticity is what people want. As much as we cheer about hodl , we know it's the product, concepts, and ease of use that sells. Peace bro 😁

Posted using Partiko Android

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We only want to hold to sell later lol

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We;ve been trained to be capitalists, trained not to think about the longevity of the product, but just about making a profit.

It's kinda funny...
Creating a stigma to selling, but not to buying...but there would be no buyers if there wasn't any sellers.
but....but...but...

Maybe steem would be more successful if we all just never did anything?
lol

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yeah, it's ignorant of how there is a need for sellers for buying to happen...

Would you prefer 40 rich whales on the platform with all the stake more centralized, or 400 or 4,000 or 40,000 people with that stake more decentralized instead?

It depends... If we have the true decentralization, those who earn 0.1$ will start earning 1-2$ and it's good for them, but still, it's a low amount of money. However, if decentralization is complete, forget about Utopian and similar projects that actually generate something valuable that requires serious payouts.

What is the solution - there isn't the problem to begin with.

The problem/question is how to make content/product valuable enough so it can generate some sort of $ revenue (ads, services, patrons...).
Our comparative advantage? We can back it up a bit with crypto.

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Apart from ads or an actual product, what can bring people to buy crypto to spend on those things? You need users for ads to matter. And products or services, they need to be better or something new than what else is out there for fiat?

Agreed, great insight. Thank you for sharing.

Not selling, but buying aa much as i can!

Posted using Partiko Android

Very true, tired of people bitching about it lol

Posted using Partiko Android

This post has been included in today's SOS Daily News - a digest of all you need to know about the State of Steem.



Very true. But people don't see the world that way.

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