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RE: Why steem is unlikely to trade above 5usd for any length of time.
Just curious... You stated...
It is my opinion that as long as the platform is dominated by accounts with more than 500mv anybody with less than 1mv is wasting their time
I have 5.56M VESTS according to steemd... where do I stand at success and continued advancement? I post daily, comment daily, curate like there's no tomorrow, am full invested (not monetary but with blood, sweat and tears) and have no plans of stopping
btw, when I sat success, I mean over long term (5-10 years) and of course, pending on the price of steem, being able to withdraw and purchase that forever property; up to 75k USD.
I wont say it is futile, i started with 3sp, an unsocial attitude, and inflamatory content and im still here and doing ok.
Not near as well as some of the golden boys, but i havent sold my soul, either.
Honestly, if you can ignore the insiders bs'ing the majority of the money, this place is hard to beat.
The folks are nice, respectful of others, and helpful.
I just dont happen to be able to do that.
I have a real dislike for bullies.
The way some whales throw their weight around really chaps my hide.
Some folks with whale sized accounts want their roi no matter what it costs the platform in adoption.
If you were here for the experiment you saw what happens when folks with more than 800mv were taken out of the equation.
Minnow vote value went through the roof, even with superlinear rewards.
If they had allowed that to continue there would be many more dolphins handing out rewards to the newbs.
But the control freaks couldnt keep their hands out of the till to let that happen, and we got bidbots, pay to play, and diminishing returns for those that dont pay.
So, you got to decide for you, are you getting what you need to continue?
Is another platform offering more?
Is being associated with the bs here staining your rep?
I dont see steem trading higher than 5usd for any length of time.
1000 usd is kinda high for what 200sp gives you, imo.
But, if you can get out before the price fails to achieve orbit and crashes back to reality, you'll be mad if you got out now.
So, id say keep hanging out, lock in profits when the price is high by trading to other coins and usd, and in 5 years you should be doing ok.