Or, put another way, STEEM has never been so worthless in relation to other cryptos.
Or, put yet another way, anyone who has converted other cryptocurrencies into Steem (including me) made a bad trade. We should have waited until today.
My team has been working to turn my $5000 (0.2 BTC) investment into $500. (We've lost 90% of our savings and contributed hundreds of hours to building this site's content.) Today that 0.2 BTC would be worth 1100 USD, or 3500 Steem - DOUBLE what we've been able to grind our way up to! If only we had sat on that money instead of investing it here, we'd be better off, and have 2 years of full-time labour to invest in something else, too.
A lot of investment has pulled out of STEEM, much of it permanently. Will there be a huge price spike sometime in the future, when the overall crypto market recovers? Will people bring their money here, turning around this 3+ year slide toward zero?
DRutter
