<p dir="auto"><h1>Prologue<p>
<p dir="auto">It seems that cryptocurrencies are currently taking a beating, <em>again.
<p dir="auto">Especially STEEM is having a rough time.
<p dir="auto">From it's previous record of nearly 10 USD down to 1 USD. That's a lot of red ..
<p dir="auto">Now, don't get me wrong. When I joined Steemit a year ago, it was completely normal to see STEEM in the region of 1 USD.
<p dir="auto">But comparing those two numbers, our beloved cryptocurrency has obviously lost <del>value FIAT-value.
<p dir="auto"><h1>High Price = High Activity<p>
<p dir="auto">And this is also displayed in the activity on STEEM.
<p dir="auto">Without using any data (<a href="https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-friday-august-3-2018" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">which would confirm my theory) - how do I come to this conclusion?
<p dir="auto">Well, as you might know - I've created a promotion service called <a href="https://smartsteem.com" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Smartsteem.com and whenever the price of STEEM is going down - the amount of promotion bought is going down as well.
<p dir="auto"><h3>What's the reason?<p>
<p dir="auto">Buying promotion now, while the <a href="https://steemnow.com/upvotecalc.html" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Internal STEEM price is lower than the <a href="https://coinmarketcap.com/currencies/steem/" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">external, can result in short-term negative profit.
<p dir="auto">The internal STEEM price is made of a 3-day average, which <a href="https://steemblockexplorer.com/tx/9899c25627b00d512271ef61a1a8041b627d9814" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">witnesses are publishing multiple times per day.
<p dir="auto">So a bought 1$ vote could be 0.8$ tomorrow or even 1.2$ - depending how the price of STEEM goes.
<p dir="auto"><h1>Thinking Long-Term<p>
<p dir="auto">However, part of this post's title is <code>Thinking Long-Term and this is a key mentality, which you should follow <strong>right now, while the prices are down.
<p dir="auto">There is the famous quote
<blockquote>
<p dir="auto">The time to buy is when there's blood in the streets
<p dir="auto">Which pretty much means: stocks, assets, cryptocurrencies & co. should be bought, while everyone else is panic-selling.
<p dir="auto">And converted to STEEM it sounds something like this:
<blockquote>
<p dir="auto">Be active on STEEM when nobody else is
<p dir="auto">Everybody wanted to be a part of STEEM when the price was over 8 USD, but fast-forward to today: many, many users have left STEEM and/or are paralysed by the low prices.
<p dir="auto">And that's a situation, you <del>can <strong>should take advantage of.
<p dir="auto"><h1>Advantages of a low STEEM price<p>
<p dir="auto">If you create content, develop applications for STEEM or do something else to earn STEEM right now, then you will have a big advantage over those, who are currently paralysed by the low prices.
<p dir="auto">Let me give you a few examples:
<hr />
<p dir="auto"><h2>A lower STEEM price will earn you more STEEM<p>
<p dir="auto">When you create a post on STEEM, the rewards you are getting paid out as STEEM & STEEMPOWER are based on the USD value of STEEM.
<p dir="auto">For this example, let's imagine you've chosen the 50% SBD /50% SP rewards option and your post has a payout of 5$.
<p dir="auto">Additionally, the current payout distribution while writing this post is at:
<blockquote>
<p dir="auto">SBD: 11% | STEEM: 39% | SP: 50%
<p dir="auto"><h3>Examples<p>
<p dir="auto"><h4>Rewards - STEEM: 1 USD:<p>
<ul>
<li>SBD: 0.55 SBD
<li>STEEM: 1.95 STEEM
<li>SP: 2.5 SP
<blockquote>
<p dir="auto">0.55 SBD & 4.45 STEEM
<p dir="auto"><h4>Rewards - STEEM: 5 USD:<p>
<ul>
<li>SBD: 0.55 SBD
<li>STEEM: 0.39 STEEM
<li>SP: 0.5 SP
<blockquote>
<p dir="auto">0.55 SBD & 0.89 STEEM
<p dir="auto"><h3>Outcome<p>
<p dir="auto">As you can see, the higher the STEEM price is, the less STEEM you're getting with your rewards.
<p dir="auto">Now, this calculation isn't completely accurate as we haven't taken into account that the payout will be higher the higher the STEEM price is.
<p dir="auto">However, it clearly shows that <strong>now is the time to accumulate STEEM, so that you're ready when the price rises again.
<hr />
<p dir="auto"><h2>Less active users = more rewards for you<p>
<p dir="auto">STEEM is utilising something called a <em>Rewards Pool where all rewards are shared between active users based on rewards shares (rshares).
<p dir="auto">Your vote has a value, which is internally called <em>rshares, based on the the amount of Steempower (VESTS) you hold. So when you upvote as post, you're adding rshares to it. And when you downvote it, you remove rshares.
<p dir="auto">And bringing this logic to the <em>Rewards Pool:
<p dir="auto">Let's say there is 10,000 STEEM in the rewards pool and only 20% of all possible rewards_shares have been used, then the 10,000 STEEM will be divided between the rewards_shares in the same way as if only 5% of all possible reward_shares have been used.
<p dir="auto">Which means:
<blockquote>
<p dir="auto">Less active users = higher rewards
<p dir="auto"><h1>Epilogue<p>
<p dir="auto">I hope you can understand my reasoning now, why a low STEEM price can actually be very beneficial, as long as you know how to take advantage of it.
<p dir="auto">But there is another reason, why I believe that <strong>thinking longterm is so important:
<p dir="auto"><h2>The Power of Positivity<p>
<p dir="auto">Let's face it: seeing prices drop isn't motivating. On the contrary: it's extremely de-motivating!
<p dir="auto">But if you want to be succesful on Steem or on anything in life, then you must not surrender to those fears. Don't just look at things today, look forward, expand the possibilities in your mind. Where do you see yourself one year from now? Two?
<p dir="auto">And then, when you've grasped that vision, you will understand what I mean, when I'm telling you this is an opportunity.
<p dir="auto"><strong>It's time to think long-term!
<hr />
<p dir="auto"><center><h1>Making Steem Greater
<p dir="auto"><img src="https://images.hive.blog/768x0/https://cdn.steemitimages.com/DQmaUTTbMyvZQPsNouySt7fop85Sh49LJUVuRHLwfniVZQw/signature_therealwolf_2.png" alt="signature_therealwolf_2.png" srcset="https://images.hive.blog/768x0/https://cdn.steemitimages.com/DQmaUTTbMyvZQPsNouySt7fop85Sh49LJUVuRHLwfniVZQw/signature_therealwolf_2.png 1x, https://images.hive.blog/1536x0/https://cdn.steemitimages.com/DQmaUTTbMyvZQPsNouySt7fop85Sh49LJUVuRHLwfniVZQw/signature_therealwolf_2.png 2x" /><br />
<strong><span>Projects developed by <a href="/@therealwolf">@therealwolf for Steem<br />
<hr />
<table>
<tr>
<th><a href="https://smartsteem.com/about" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Smartsteem.com
<th><a href="https://github.com/therealwolf42/Steem-Chat-Wallet" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Steem Chat-Wallet
<tr>
<th><a href="https://github.com/therealwolf42/witness-essentials" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Witness Essentials
<th><a href="https://github.com/utopian-io/signup.utopian.io" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">Utopian.io Signup
<hr />
<p dir="auto"><center>
<p dir="auto"><h4>Do you share my vision for Steem? Let's work together to achieve it!
<hr />
<p dir="auto"><span>You can vote for me at <a href="https://steemit.com/~witnesses" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">https://steemit.com/~witnesses.
<p dir="auto">Or you can simply use steemconnect to <a href="https://steemconnect.com/sign/account-witness-vote?witness=therealwolf&approve=1" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">vote for me or to <a href="https://v2.steemconnect.com/sign/account-witness-proxy?proxy=therealwolf&approve=1" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">set me as a proxy.
<p dir="auto">A big and sincere <strong>Thank you to all of those who support my efforts!<br />
<p>
"I will get a 100% upvote from @therealwolf" "I will get a 100% upvote from @therealwolf" "I will get a 100% upvote from @therealwolf"
My positive affirmation for today.
That's the spirit!
The law of attraction!
Hahahahah this made laugh, maybe I should try this one day.
👏👍👍
"long term" is the #1 tool for success in this game
Do people believe long-term run?
I believe in the long term because the patience have even more value than the silence in this last years !
If the silence is gold the patience is diamond XD
yes
People sometimes say you should invest in a coin for the community. I think that's most of the time not the case, it's about technology. But for steemit the community is most important. We need this to become the reddit of crypto.
I think long term we will go higher but cryptocurrency will stay volatile for at least a few more years. Market caps are still small so low liquidity and high volatility. When moon remember to take profits. We never go up in 1 straight line.
I think in crypto no bull market is lengthy - but it depends on your concept of what long-term run means.
2 months, 3 months...
All i know, those who bought steem at 7 cents are still cruising.
I'm hanging in there.
Thanks for reinforcing my positive attitude.
It's just frustrating to spend 10 hours on a comic page and get 50 cents. I would have done it anyway. I actually did that for free since 2012.
So I'm just happy when people actually read it, even if they don't have crazy high Steempower account. ;-)
I totally understand you!
And I think it will be a lot better once communities are here.
I am thinking for a long-term value in almost all of #cryptocurrencies @therealwolf and one conclusion I can just can't ignore that their prices are correlated to the #bitcoin price. So people just have to promote bitcoin too while promoting steemit to people. As soon as institutions have dipped their feet into this gameplay then up to the moon we go.
Yes you are right @cryptopie
Amazing man!
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It's likely that the more mature crypto markets become the lower the correlations between different coins will be. Right now we are still in early adopters fase and market is like the wild west.
@therealwolf
Hello sir
Is there any possibility that it will be touching 10USD again in a few months.??
What about short time investments in Steem.???
One of the reasons why at the beginning of STEEM the user here earned much more compared to now. Every time when the overall activity falls means that you will be blessed when you continue on your way.
Is that scenario not also in the real life? When its hard people run away, they give up, panic, complain, but those who have a vision, have faith and seeing that their faith is not based on blindness rather on proper reason which doesn't take the risk. The risk will always be, but we all know without a risk there will be no rewards.
One thing people are doing wrong in my eyes when it comes to such a moment. They didn't prepare their mind for that. This scenario right now is a possible scenario we need to be aware of. Setting up your mind for that is helpful that the loud, sad voices don't drag you down.
On the other hand, the potential investor should have prepared money for that scenario. Money which is only for that kind of purpose. I am hunting someone and I see this time as an opportunity to accumulate more STEEM.
Hey there ray, sorry for not responding on your previous answer to my comment.
But back to this comment:
As far as I know, the activity was a lot lower, so when STEEM hit the 4$ price at that time, you can imagine how high the rewards were.
I'm not sure where I saw the image, but at one day nearly 100k in rewards were paid out.
Exactly. I recently watched this video. Amazing!
I know what you mean. Keep in mind that most cryptocurrency investors have no real prior knowledge. So it's understandable when human flaws in emotions are getting triggered. Nevertheless, it's something you can train yourself - e.g. thinking long-term.
Exactly. @exyle talks about this a lot. I'll do that the next time as well.
Thanks for your comment, ray!
No Problem my friend, I know you are busy too. As I said in my previous comment. You are more difficult to reach as a professional football player 😂
I just started to watch the video and I love it already. Wealth is created through self-sacrifice and taking risks. Love that. It reminds me of the moments what I had to sacrifice to make my dream of becoming a professional football player come true.
Exactly. That's what I had in mind as well, when I thought about sharing the video with you!
I agree with your thinking, preparing the mind for the rigors and tests ahead is part of securities trading and also a part of crypto trading. those who turn in flee at the sight of the enemy are frequently cutdown in the field of battle, but the prepared of mind will survive.
History repeats itself with SMTs. Imagine what will happen in the first few weeks of Appics, Actifit, Steemhunt and 1UP. ;)
I don't care what the price is...the show must go on....
New episodes of Hots or Shots every Friday at 6PM EST!
Get that Steem baby!
That's the spirit!
Totally agree with you and thanks for the heads up. I bought more steem the past few days and weeks and powered up, since I am going long term and believe that although things are not going so smoothly as wished (example developments, updates, SMT...), we, the one who are not giving up will profit the most out of it later on!
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When you hear longterm in crypto it's likely that someone has stolen your money.
Great overview why it is important to seize the moment on Steem right now!
But could you please elaborate further on this:
I found this difficult to understand.
Thanks @flauwy!
Check out these two posts by @theoretical:
https://steemit.com/theoretical/@theoretical/the-steem-reward-system-part-1-v-shares
https://steemit.com/theoretical/@theoretical/the-steem-reward-system-part-2-v-shares-from-r-shares
But to explain in very simple terms:
Imagine the rewards are a big pie. The more people want pieces of the pie, the smaller your own piece will be. And in contrast - if most people are on diet, your piece will be a lot bigger.
I understand the basic principle but I was confused by the numbers. Thanks for the links, I will check them out. :)
Those numbers were completely imaginary :)
@therealwolf I'm not getting the system at all. You say "Less active users = higher rewards". But with the less active users compared to for example last week, each individual would get more rewards when for example upvoting, right? But on the other hand, when taking a look at the upvote-calculator on steemnow (or also on the vote-selling on smartsteem), you kinda get less than before. 2 weeks ago, a 100% upvote with 10.000 SP would receive around 1$ upvote. Now the same amount of SP only gives 0.74$. 0.74$ worth of an upvote is less than a 1$ upvote with the same amount of SP holding. Am I stupid or am I'm mixing too many stuff and just don't get it right? Thanks for the help!
You're completely right.
However, less active users gives you a bigger share in the rewards pie and more STEEM.
Here's a great explanation to help.
Such an important post for everyone on the blockchain to read and understand.
Right now we should all be in accumulation mode. And keep posting when everyone else is taking it easy and looking elsewhere.
If you believe in STEEM and it’s potential, being active is a no brained!!
Thanks for the post sir. and everything you do for the blockchain!
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Thank you for the comment, jongolson!
I agree that the best time to buy is when there's blood in the streets. I think Warren Buffet is often quoted as saying buy when others are fearful and sell when others are exuberant. I am buying.
Additionally, I agree that right now there seems to be less activity on the bidbots and my returns are currently greater. So I am trying to bid all I can. I am in this for the longhaul and I view every down day as a good day to buy and it makes my money go further. I invest my staking and masternode rewards each day here in Steem because I believe its a great platform, its a status quo interrupting idea and I believe it will be big in the future.Hi @therealwolf,
At least you aren't being blamed for it personally.. lol
Sorry to hear that @pjau! You and the whole @steemcleaners team are doing an incredible job!
Thanks, and you do a great job dealing with abusers with Smartsteem :)
This guy just is annoyed with us because he was spamming and we put him on one of our bots for a bit, every so often he comes in to blame us for something.. Just another clueless clown lol
I agree that the best time to buy is when there's blood in the streets. I think Warren Buffet is often quoted as saying buy when others are fearful and sell when others are exuberant. I am buying.
Additionally, I agree that right now there seems to be less activity on the bidbots and my returns are currently greater. So I am trying to bid all I can. I am in this for the longhaul and I view every down day as a good day to buy and it makes my money go further. I invest my staking and masternode rewards each day here in Steem because I believe its a great platform, its a status quo interrupting idea and I believe it will be big in the future.Hi @therealwolf,
This does make sense. Very timely as well, just scaled up my posting this month to 5 posts per day on average. My question is, is it better to accumulate the steem or use the steem we earn to power up? I read sometime back that with low steem price equals more steem power, which is the better option?
5 posts per day is a big number! Keep it going and keep the quality high :)
Long Term thinking mentality is definately success steemit. This time is the best opportunity Buying steem coin beacause steem coin price is very low. But steem active user control emotion and longterm mentality must be successful.
I have applied this philosophy for a long time. I do believe Steem will recover but my concern is the lack of actual development going on. We keep getting the same promises that things are being worked on over and over and over again but I am losing hope that Steemit Inc will ever deliver.
And bid bots are not helping us at all.
I like what you said in this post. As a matter of fact, I have bout Steem coins recently and transferred to my account! I think it is a good opportunity! Thanks for sharing! I will upvote your post.
Aside from everything you say, I believe that when steem reached the heights of 8-10$ it was a bit too early, and it was caused due to the huge bull run that happened...
I believe Steem is worth more than 10$, especially with all the developments and new services I've seen since joining and I can feel that the time to rise up is soon! Soon 10$ will be our bottom and not our top :^)
Your're totally right, luna.
The price rose too quickly, but Steem, in comparison to other projects, has a lot more value and activity. So I'm very optimistic towards the future for Steem.
I agree, of the top 50 projects, Steem is the only one in which you have a cohesive community and services, I see a lot of potencial in Steem and we will eventually recover our rightful spot among the top 10 cryptos.
I really want to thank you @therealwolf for publishing this post, it is the closest thing to reality, I have 42 days in Steemit and recently I become a Minnow. From the first moment I saw Steemit as a long-term investment. Obviously these price variations away from many people, but I totally agree with you. While the prices are high, they believe fervently in Steemit, but when prices fall they stop believing.
I believe, and I believe and believe and I am sure that investing in Steemit in any way will be profitable and bring profit, especially because of the diversity of options offered to obtain money either actively or passively.
I hope that those unmotivated to read your publication recover hope in Steemit and continue believing.
A hug.
Hey @agromeror,
the question you had regarding your promotion and the falling STEEM price on Smartsteem's discord server was one of the reasons why I wanted to write this post.
So thank you for giving me inspiration.
All the best to you!
@therealwolf That makes me very happy!
Thank you very much!
That is a fantastic way of looking at things my friend. Sometimes it is really difficult as a human animal to look at things from a long term perspective. Having this long game perspective is what separates the skilled investors from the rest.
I believe in long term. In Share market also long term view gives best result.
Nice Theory im totally with you... lets go the worse ways and you get a snshine at the end... im sure Steem will rise again...
Exactly - how dark the night may be, the sun is always showing itself again.
thats why we love Steemit ;)
That was really helpful
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Reason for flag: Disagreement on rewards.
Even though the post is technically correct, there's no reason for these stating-the-fucking-obvious posts to be making anything.
Let alone 500 USD.
And yes: it's indeed jealousy and bitterness. Happy now?
What is long-term thinking?
A mind that can be in a state of not-knowing, is the highest form of thinking...
I don't know, you don't know, we don't know...
BTC could drop to 1000 USD, and STEEM to 0.10 cents... or lower.
STEEM could stay at these depressed levels... for the next 10 years. And never recover...
We just don't know... if you think long-term, you are not knowing but believing...
Bitcoin can't drop to 1000 USD. People would buy and that would make the value being way higher
I can/could drop to zero, nada, nothing... just like that...
Lol
I understand where you're coming from, but it seems this century is deemed of ignoring logic.
Everything in life is a matter of chances and while everythingcould theoretically be possible, that doesn't mean it's logical to assume that it would happen.
BTC could go to 0 USD, but the chance is so low, that it's unlogical to assume it would happen.
There is simply too much money being spent on mining, which in itself creates value for BTC.
With that said, nobody knows for certain what will happen, but the chance is a lot higher for BTC to hold its value and even rise, than for it to go zero.
Agreed, we are on the same page. Positive - Thinking about BTC all day long is merely positive talking to oneself.
In your reply, you were not thinking, but reasoning.
We agree. Have a Nice Day @therealwolf.
The Sun is shining and the birds are singing.
first post i like realy today
I dont think steem is going to back to 5 dollars ever again. Like its great and i l love it but would you look your grandmother in the eye and say this 1.15 price is a good investment? If it was we'd all be buying it wouldn't we?
the whales are buying... johal bought 10k just yesterday... i bought 500 or so in the last week... i mean, weak hands are being shaken off.. granted, this is not me telling you to drop your college fund into this. I'm just saying I'm one of those "crazy dudes" that is buying.
if you believe its a great price, i lost faith
I think were going to be in a bear market for about a year so buy all the steem you can.
The real value of steem never goes down, because the project around steem blockchain is growing. In fact steem is more valuable compare to steem a few months ago. Only its fiat value is decreasing because people out there got scammed with a beautiful promises.
Bitcoin lasted almost 10 years to get the price it has. I have no doubt that in at least 5 years, Steemit will be one of the most important social networks on the internet, and of course, the value of a steem will be 10 dollars or more. Just Patient and Hodl
@therealwolf Great post! Awesome explanation of Steemit timing advantage. Feeling motivated :D
hello therealwolf (67) sir your post is very nice some thing i mean but i m new in this golden plateform. but your post give me encourage to do some thing good so i want to adivse me how to progress in this plateform i want to work in full power so pls help i m in trouble lack of information pls reply therealwolf (67) sir
Your post very important for our.....I did not know well earlier. I understand today through your post. Thank you for your post
Great post wow i like
That's pretty awesome actually. Nice approach looking at the glass as half full instead of half empty and great info, thanks for sharing!
Nice analyse , i m confident that steemit is a long term investement .. thr most important thing is to not worry about the variation of dollars .. just work hard and hard and hard and you will see the benefits of your work .
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True.
absolutely , i completely agree with this article .Time will come when steem will definetly grow to maximum.Till then ,have faith guys .
Indonesian language
firasat saya ini pasti karena harga steem dan sbd yang melemah. benar toh.... kata yang patut untuk saya kutip. "lemah harga. bukan berarti menyerah untuk mecoba, berkarya serta sukses" saya suka kata motifasi di paragraf bawah. sekalipun saya bukan sesiapa. hm...
English language from google translation
my feeling is definitely due to the weakening prices of steem and sbd. right anyway ... a word that I deserve to quote. "weak price. does not mean giving up trying, working and success" I like the word motivation in the paragraph below. even though I'm not anyone. hm ...
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Spread them positive-vibes like butter
You are right. I've learnt from your idea of the power of positivity. Thanks for sharing these facts..
well if we an endure this, we will all come out battle hardened veterans!
What goes up will always come down eventually, as a rule. There are always exceptions.
Patience is a virtue also in Crypto. I'm hodl on my steem for long term now just trying to accumulate the steem .also I just consider this down price scenario now as a discount promo. Best buy to when the price is low .
This is my first comment. I love the positive and informative content here. Thanks.
The logic of Trading TA applicable to the Steem blockchain.
Outstanding post @therealwolf
hey therealwolf I really must say wow! that your banner that you made is really awesome nice steem post also.
let me vote for you and my hopes that you will become a steem witness