In the midst of this '50% off all crypto currencies must go!' sale I just want to write a short piece reminding all content creators on here that it's now more important than ever to churn out your best work. Although knowing the volatility in this market, I wouldn't be surprised if by the time I finish writing Steem will be at $2 and I'll have to go back to edit this article to be about why we have pubic hair instead.
If you're fortunate enough to have not glanced at the crypto prices today, do yourself a favor and don't look at them - everything is fine! And don't read any further, in fact, unread the paragraph above this one, then just Upvote, Resteem and go to sleep, I'll let you know when it's safe to wake up again.
Otherwise, you already know that the crypto market today resembles the result of trying to go to the moon on the Challenger shuttle. The bubble that was building up recently popped harder than a teenager's acne. I haven't seen anything go down that fast since Bill Clinton was in the Oval Office.
The prices have fallen, is what I'm trying to say.
Protecting myself from prices falling be like...
It is difficult to not feel at least a little disappointed, and perhaps demotivated due to the lower currency price. But is this feeling really rational? Imagine a month ago when the price of Steem was at $0.23 I told you that the price will more than triple within 4 weeks (it's currently hovering just under $0.80) how do you think you would have reacted? There will always be market corrections in the short term when the hype fades but in the long run the price of Steem will reflect its underlying adoption rate, and on that front it's stronger than ever.
Steemit has steadily risen from a top 30,000 site top to almost a top 10,000 site in 3 months, with no sign of slowly down. Many new apps employing the currency will be rolling out very soon and new users are increasing exponentially. Its future success looks likely, but it is not guaranteed - it requires our concerted effort to keep the engine running full Steem ahead even during times of momentary setback. It is this very effort of producing high quality content that generates the underlying value of our currency and will ensure our success while other cryptos may falter and fade into obscurity over time.
I hereby invite you all to join me in committing to produce higher quality content more frequently during price downturns. Undoubtedly some will be less motivated, which means they'll just be more Steem in the rewards pool for the rest of us. If the number of users on this blockchain grow to a million, 10 million or even 100 million+ do you think the price of of Steem will remain at $0.80 forever? The biggest opportunity offered here will not be seized by those who do fuck all when the rewards are low after a hardfork or market correction and then start spamming posts like a Nigerian prince selling Viagra when the price shoots up and cash out; they'll only be available to those who invest their time and talent on here to serve the community and build a respectable reputation for themselves in the long run.
Oh and if you're reading this in the future, I don't really know why we have pubic hair. They don't seem to serve much of an evolutionary function and they're always a little bit curly even if you have mostly straight hair elsewhere, which is a little bit strange. Maybe somebody comes around in the middle of the night and curls them for you while you're sleeping...
Please Upvote, Resteem and Follow me @trafalgar =)