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RE: Why are Steem coins FALLING in value while the popularity of Steemit.com is RISING? Discuss...
Demand is lower then supply - check basic economic textbooks.
Basically: Steemit currency was overrated (hyped) after IPO, now goes back to realism.
Check yourself: Most contributions here (like this) are of the quality you see on any Bulletin Board. Why pay for this shit?
Fair answer thanks. Anyone else anything to contribute?
User adoption, posts and active accounts are not rising, so I am not sure where you got the idea it is getting more popular.
SteemIt, the platform is asking for "Quality Content", but the power voters are not supporting, "That". I personally don't feel the Internet is short on Essay like stories the platform supports.
Steem the currency is based on a combo of mining and posting. It did receive some hype.
Both Steem and SteemIt need to prove there is something here worth investing in. I am not saying there isn't. I am just saying, I am participating.. but holding on to my wallet for now. (Thus not purchasing Steem, and that seems to be a trend".
Thanks for your reply. The reason I say that Steemit is getting more popular is from the Alexa rankings - putting now in the top 11,000 most visited websites in the planet - that's a pretty impressive feat in just a few months. Of course it could also be a popularity bubble that will burst especially as there could be a good number of people who are only on Steemit due to the financial incentive.
It will be interesting (from a personal view) just how much people interact and whether the quality content really does filter to the top or whether the scammers and spammers will find a way to take Steemit for their own advantage.
Ultimately, only time will tell , but whilst on that journey, as a speculative investor, it will be interesting to see if I/we can "work out" where it's all going.