You might have noticed it says “beta” up in the corner. For now the price point that people are willing to pay for steem more than supports it. Our ups and down are like any cryptocurrency in months leading up to August first and the optional risk that bitcoin faces.
Steem is different than most cryptocurrencies because of the way it allows communities within it to build themselves up. You will notice when looking around there are a lot of different kinds of projects some of them heavily supported by the community and other not so much. This makes the platform extremely flexible. It empowers the user to go out there and build a reputation for themselves with the support of Steem. This in turn causes people wanting to invest and support it. More importantly it creates word of mouth promotions of Steemit.
Have you ever heard of a Bitcoin Park? Yet our community made a steem park.
https://steemit.com/steempark/@hitheryon/steem-park-the-first-public-design-project-funded-by-cryptocurrency-press-release
With how flexible it allows people to be it’s the perfect place to launch cryptocurrency projects. Ever heard of #steemgigs most people have not. I consider it to be very early in its development so far. Check out that hashtag and you start to see projects and even company starting to use Steemit among its many users. Check out there page.
@Surpassinggoogle is a very interesting person behind a lot of projects here including things like steemgigs. This was his recent thing he is working on. No big deal he just talk with a company in Dubai about why they should invest $1 million into Steemit. He simply wants to create a market place.
Steemit is cryptocurrencies social media platform. A lot of people in youtube, Instagram, twitter, an all the “normal” social media platforms are hearing more and more about Steemit. They are coming over here and starting to share their content here as well. What does that mean for Steemit? Well naturally these people will want make the most out of their situation. Which means brining on board the advertisers they are already working with to pay them even more to advertise on Steemit. That only helps bring the name into even more boardrooms around the world.
Dose Steemit have everything work out iron-clad sealed and delivered? Heck no, not even cryptocurrency as a whole has that sorted out yet. I’m sure you have noticed cryptocurrency as a whole was able to shed 30 billion in marketcap rather fast and then regain it back. With all the mess bitcoin been as of resent it just shows everything is still growing.
The most interesting thing here is the currency itself. The people you see “draining” the system that you are trying work out if you should invest in or not that you are viewing as “a threat” are just a small amounst. A couple of days ago you could buy steem at $1 it’s already averaging out at $1.50. It has its ups and downs just like everything else in this market.
At end of the day it’s up to you if you feel you want invest. That will require you to do a lot more research then the little bit I have added to your blog. Dig into some wallets https://steemdb.com/accounts/steem do researches get to know people. It’s the only way for you to ever see if this is something you want to be involved in or not. hey you might even start to notice those “advertisers” you seem so attached to are even hiding among us.
RE: ATTENTION: there is no income for steem, so the project value is going to zero. I invite all steem fans to tell me how steem earns money itself.