Many people discuss the cost of STEEM is going up in the future, and a very few seem to talk about how and why it will happen actually. In hypothesis, it is so simple that the Steem price will rise and if there is more requirement for it than its supply, so it means that more people are willing to buy it than they want to sell it.
Why would People wish to buy Steem?
So then the question is: Why people would like to buy STEEM?
The most right answer to this question is; they think it will be more valuable in future. It is called supposition. The supposition is not an unfavorable thing in and of itself. If people are capable, they can do well supposition on things, but if the reason is that people are buying Steems because they think, others will buy it later at the higher price, that will inevitably create a bubble and eventually lead to a significant dump.
Furthermore, steem is a rising token, which forms it even harder to rise on speculation alone as compared to a decline symbol like Bitcoin. I believe that nearly 64,000 new steem tokens are produced every day (you can correct me if I am saying wrong). It means that 64,000 more steems have to be purchased than is sold each day only to hold it at the latest price.
It is all about benefits:
So the theme of the story is that we don’t want to trust on supposition. Fortunately, Steem is one of a very few cryptocurrencies that has the actual worth and benefits for users right now. You can use Steem to boost post/content that use the Steem blockchain. You can also do this by either by powering up and casting votes, consuming Steems on the promotion feature on Steemit.com, or by buying SBD and paying to boost your post/content through a lot of accessible services.
Profitability is decidedly vital for the long-term successful outcome of a cryptocurrency, and this is one of the underlying reasons that I support voting bots and services. They help to raise the worth of Steem which encourages more people to buy Steems and helps to raise the price.
Let’s take it to the Upcoming rank:
So the latest profitability/worth of Steem is still comparatively small and going to make us very far. That's why I would like to call on the whole community to think about, and hopefully apply thoughts that produce more worth for the Steem token and make more demands and take more money into the system.
So by taking the daily tokens for subscriptions and advertising it created profitability for the token which helps definitely to create utility for steems as well.
I want to hear you now!
Instead of sitting, waiting and expecting for the cost of steem to rise, let us get out there and make it happen! Instead of opposing with each other for a more prominent part of the same reward fund, let us work together to make the reward bigger for every person.
What do you think to bring money into Steem?
I want to hear you about it in the comments, and who knows that some people might like your comment/thoughts and you can work together to make it fact and make the next huge thing.
