We all saw this with bitcoin when it first emerged as a new currency. It worked because we the people made it work. We traded it for goods and services, we used it to move transactions easily and we even saved it up in order to see if tomorrow it might be worth more.
Steem will need to go through this same process in order for it to increase in value. How? By using it. We need more ways to spend our steem for services, products, and a range of other needs that we have. This, in turn, will bring a whole new level of need for steem. At the moment, most people are just cashing in their steem for dollars or bitcoin,
which is ok because you get spending power but if you could spend your steem and get the product you first wanted (the whole reason you exchanged your steem for dollars) the value of steem has found its own value in the system.
This brings up the need for online shops, stores, subscription websites or whatever, to use steem as a currency. Sell books, t-shirts, information, cars if you must. Give steem buying power.
So try it, use steem as a currency. Not just an exchange currency.
