I think that any cryptocurrency token needs a real world use case if it is to succeed in future. This means that the people investing in it are doing so for more than just speculative profit. Steem blockchain defines the very meaning of real world use by bringing platforms like musing,io and steemit.com to our fingertips.
Getting paid for content creation is not ground breaking but what is ground breaking is the fact that the Steem ecosystem is incentivized in manner that a user has a stake in the system (Vested SP). Therefore most of the users are financially invested in the platform. This increases user retention and loyalty to the Steem blockchain, since users are invested to see the platform succeed.
Here are the reasons why I think that the Steem prices will rise again:
1. The upcoming HF20 is geared towards making dapps the kings on the Steem blockchain. It will effectively make sure that you can make Steem accounts on the dapp itself. Dapps will become free from having to go to steemit.com to register your account.
2. Platforms like musing.io will grow, gathering and collecting the SP for their needs and this will create a shortage of Steem in the market and thus raise the Steem prices.
3. SMT's will soon follow in January and will allow dapps to issue their own tokens based on the native token Steem. To issue tokens they will need to collect more Steem to back their tokens and thus create further shortage of Steem tokens in the market. This in turn will further raise the price of Steem.
Of course it will rise again, and fall again and rise again and on and on.
Like any currency (crypto or otherwise) its value is determined by the market., There will always be fluctuations and so prices will rise and fall in line with those forces
As long as there is no major breach of trust (hacking, devs abandoning the project, theft, etc) price should always recover given time. It's just a matter of how much time and to what degree
Steem is still in beta which is basically in a test phase and not ready for mass adoption. The more apps that come onto the platform attracting new users will help it grow. Mass adoption is around the corner and we can expect the place to explode in the coming years which will spur the value of steem upwards.
I was sad to see that you are powering down your last 50 SP @ayerz. I was hoping that you'd hold onto it for the future in case there is another bull run in cryptocurrencies.
This isn't financial advice but I am currently buying into the Steem blockchain at these prices. I don't have a lot of money to invest but if prices stay low enough, and even go lower, I expect to earn a second retirement for myself and my family by accumulating 500 to 3,000 Steem.
It's my dream to live the lifestyle I live here in the United States with @emaferice and @zaclucasrice. Again, this isn't financial advice but I believe I will be able to earn enough USD through the Steem blockchain to do that (via Delegation Rewards).
@emaferice is earning 10% to 25% APR from @share2steem using Steem Connect's delegation feature and it's paid in SBD's not liquid Steem.
I think that any cryptocurrency token needs a real world use case if it is to succeed in future. This means that the people investing in it are doing so for more than just speculative profit. Steem blockchain defines the very meaning of real world use by bringing platforms like musing,io and steemit.com to our fingertips.
Getting paid for content creation is not ground breaking but what is ground breaking is the fact that the Steem ecosystem is incentivized in manner that a user has a stake in the system (Vested SP). Therefore most of the users are financially invested in the platform. This increases user retention and loyalty to the Steem blockchain, since users are invested to see the platform succeed.
Here are the reasons why I think that the Steem prices will rise again:
1. The upcoming HF20 is geared towards making dapps the kings on the Steem blockchain. It will effectively make sure that you can make Steem accounts on the dapp itself. Dapps will become free from having to go to steemit.com to register your account.
2. Platforms like musing.io will grow, gathering and collecting the SP for their needs and this will create a shortage of Steem in the market and thus raise the Steem prices.
3. SMT's will soon follow in January and will allow dapps to issue their own tokens based on the native token Steem. To issue tokens they will need to collect more Steem to back their tokens and thus create further shortage of Steem tokens in the market. This in turn will further raise the price of Steem.
Of course it will rise again, and fall again and rise again and on and on.
Like any currency (crypto or otherwise) its value is determined by the market., There will always be fluctuations and so prices will rise and fall in line with those forces
As long as there is no major breach of trust (hacking, devs abandoning the project, theft, etc) price should always recover given time. It's just a matter of how much time and to what degree
Growing pains.
Yes.
Steem is still in beta which is basically in a test phase and not ready for mass adoption. The more apps that come onto the platform attracting new users will help it grow. Mass adoption is around the corner and we can expect the place to explode in the coming years which will spur the value of steem upwards.
I was sad to see that you are powering down your last 50 SP @ayerz. I was hoping that you'd hold onto it for the future in case there is another bull run in cryptocurrencies.
This isn't financial advice but I am currently buying into the Steem blockchain at these prices. I don't have a lot of money to invest but if prices stay low enough, and even go lower, I expect to earn a second retirement for myself and my family by accumulating 500 to 3,000 Steem.
It's my dream to live the lifestyle I live here in the United States with @emaferice and @zaclucasrice. Again, this isn't financial advice but I believe I will be able to earn enough USD through the Steem blockchain to do that (via Delegation Rewards).
@emaferice is earning 10% to 25% APR from @share2steem using Steem Connect's delegation feature and it's paid in SBD's not liquid Steem.
I wish you the very best @ayerz.
P.S. Check out @steeveapp.