We all know there is a lot of money coming into crypto right now. We consistently see all kinds of crappy coins that can't hold a candle to what Steem offers go on crazy runs and yet Steem continues it's downward trend. This statement from the Steem forum on Bitcointalk encapsulates what I believe is the general belief of Steem from those that don't actually know or use the platform.
If you can't read the image, here's what it says.
What are your thoughts of steem as a long term investment? I see that the supply will 2x each year, doesnt this mean that 100usd today would be 50usd in on year? I mean, it can not be expected that the growth will be 2x each year, not many companies constantly grow 2x each year. Or have i got it wrong? Would investing in Steem Power be a better investment if one believes in the steemit as a platform?
People have no clue about the current inflation policy, how the platform works, that you can make returns on your Steem Power and this new little thing called Smart Media Tokens.
For those looking to find the next big crypto. They're looking at two things really. What's the coins supply and can I make some kind of dividend on it by staking it or running a masternode.
If people realized that the inflation rate is actually very reasonable and that you can make a return of 20% or more by staking your investment, Steem would shoot through the roof. That's before we even start talking about SMTs or all the other apps being built on the Steem blockchain.
The fact of the matter is that Steem is by far one of the most undervalued coins and eventually people are going to start finding out all of the amazing things that the ecosystem is delivering and how it trumps pretty much every coin out there on what matters.
It has a proven blockchain, a working use case, a growing community, a plethora of apps being built on it and is just getting started.
The only question is, when and how is the word going to get out?
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Images from: Freepik