Before I say what I want to say in this post, I want to make it clear that this is not directed at Steem only but for the whole cryptocurrency market in general and especially the currencies with the biggest market cap at this moment.
People are going to tell you what you are holding right now is useless, they won't understand it, they won't want to know more about it cause these people have already made up their minds. They've listened to media which selectively announces the bad activity and how much these currencies have lost value more than what this innovation has accomplished so far. Not many are going to tell you the truth, even worse they will lie to you on purpose because they've made up their mind instead that this is going to go up so much the majority of people unaware will never be able to comprehend. Many understand that this is the re-invented internet on steroids, anyone anywhere in the part of the world can get a piece of this if they had made enough research and gone through the effort of either earning some crypto or buying it through the very low amount of exchanges in existence at this time allowing it. I say low because if you compare it to how easily you can buy Paypal credits or League of Legends ingame currency or Spotify credits, we are not yet at that level. This also depends on countries and parts of the world of course, but even those that went through the effort of buying coins and I am sure the majority may have gotten in at the last hype train - they have probably not held for long and recouped their losses considering the brutal markets.
Why are these markets so brutal? With finite amount of coins to ever exist people can not just endlessly buy it, they have to figure out other methods of acquiring these from people who bought them back when these new and powerful people either didn't understand or didn't care enough to look into it deeper. Manipulation. Who's the best at manipulating markets? The times of crypto whales doing it are coming to an end as the old masters are entering the markets, those who have been manipulating for years and only being slapped on the wrist for it.
I recommend you watch this video I stumbled on today, it should give you an idea of what is going on in the markets today.
