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RE: $0.24 Steem? That sounds very attractive
It may be worth waiting for a better entry price if you're considering putting in large amounts. On the other side, when you want to invest, chances are, others will want to do the same.
Maybe we all just need to be patient and do what we can to make steem better while we get through the bear market.
Here's the problem: STINC has poised itself with a massive stake. It doesn't matter if we make the place better. They hold the keys to screw people over.
At the very least, they'd be riding off of everyone else's hard work with their pre-mined stake; despite their gross incompetence.
At the very worst, they cash out on those said hard work and leaving a irreparable PR mess that could kill the blockchain.
They are auto-selling their steem as I understand it. So it's very likely when you go to buy, the steem came from STINC, how sweet is that?
This is a startup, it's just over two years old. It's full of risk, but due to it being on the blockchain and having it's own currency, the upside is far greater than the downside in my view.
Just remember, if you lose money on steem, stinc is losing more.
The bear market has been good at focusing a few minds and has finally got stinc to listen to other stake holders and users. You never, from adversity can come great success...
What would they be losing? They already cashed out millions.
They are missing out on billions, if this thing goes where it can go.
Yeah, but most people don't need billions to live a comfortable life.