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RE: Why Steem Investors Are Getting Crushed

in #steemit8 years ago (edited)

9 of 10 startups fail and crypto projects like BTS and STEEM are even harder to make it a success story.
So what did you aspect, get rich quick?
I strongly disagree with some of Dan's decisions in the past but you can't blame him for everything. He never promised to be responsible for anything and he always said that there is no guarantee to succeed.
All of his projects are experimental and he always were very open to discussions and community feedback to adapt.
If you invest in this high-risk and volatile cryptosphere you should expect huge losses until eventually you hit a real unicorn.

And I still believe in the potential of BitShares, I even buy some each and every month because I can see the progress and steady growth.

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I know projects fail. Problem is Dan followed through on very little of what he said he would do. Marketing campaign for bitshares, never happened. Bitshares 2.0 promised a bond market, never happened and he never even created a worker proposal to do it. And I didn't even mention the business development projects his father, Stan, said were going to be implemented.

I think the funniest thing was when Dan said his 2016 New Years Resolution was to become a better leader for bitshares. He abandoned bts 3 months later.

I get that maybe he wanted to do something different after he realized that he lost so much power in BTS that it couldn't be his lab rat to test his ideas at the expense of investors anymore. The problem is him and his cabal, specifically Stan, are featured in a video where they are saying people are going to regret not buying BTS at under a penny. They said this all while they were dumping there shares in the background. That is a pump and dump.