While the bears are still here in the crypto space and we wait for SMTs it is a good idea to imagine what will happen in the coming months and how we will handle it.
What if the entire crypto space stays slow for another six months or a year? What does that mean to you?
If the overall cryptocurrency markets stay depressed there is a good chance that Steem will do the same.
This is not trading advice, I do not have any idea what the market is going to do.
During this slow time, many have a chance to accumulate stake via posting commenting and purchasing while the price is low. When crypto goes back up interest in earning and buying it will go up with it and I have no doubts that Steem will continue to move with the Markets.
One of my favorite Steamians @preparedwombat did this article showing how easy it is to be in the top 1%
https://steemit.com/steem/@preparedwombat/how-much-steem-power-does-it-take-to-be-in-the-top-10-of-accounts-the-top-5-the-top-1
https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmXZyt7PLXiaYHjXiHxpjKe3z8pDpX7GPhXduPRVgJRH7Y
To be in the top 10% of all Steemians (as measured by owned Steem Power), requires less than 10 SP.
To be in the top 5%?
72,851.384 VESTS or 36.103 SP.
In my opinion, this is good news for those who do not yet currently hold stake, but bad news for those of us who do!
We need Stakeholders to make the applications work, we need more people who can give a meaningful vote and votes are based on Stake. It might be good for the Steem economy if the price and activity remain low. As it is an opportunity to get Steem in more hands.
I will continue to post and manually curate in a down market and I am not expecting a "Get Rich Quick" experience.
What are your expectations? Have you considered a long bear run?
What will you do? It never hurts to have a strategy.