This article will hopefully, shed light on the superiority of steem ecosystem especially to some people who underestimate the ingenuity of steem block chain - due to the undervalued price of steem .
This amazing steem system is built on a protected blockchain software that run on computers and there are 3 types of assets that run on the ecosystem: Steem , Steem Power and Steem Dollars. Steem power (which gives you authority in steemit platform) and steem relates to company shares and steem dollars (which moves in tandem with US dollars) are created by a blockchain-based software network to be used as a currency, from loans on Steem digital assets which have financial value because they're useful to a rising Steemit community , and are rare .
Moreover, there are many reasons why steem is undervalued , however , in this blog post I will discuss my top reasons and you are free to add your own via the comment section:
- Still in Beta: steem is doing excellently well even though it is still in its infancy (Beta) and there is yet no massive advertisement of the blockchain to the world. Imagine what will happen if millions of dollars is used to advertise this amazing technology to the world including the financial market?
- Life Changing Technology : Steem blockchain processes transactions faster and more efficient than top cryptocurrencies even Etherium and Bitcoin combined . Moreover some disruptive technological apps are being built on steem blockchain . Some examples are DTube (a video platform like Youtube) created by @heimindanger , Busy.org : an alternative content creation social media site using the Steem blockchain and founded by @fabien & @ekitcho in July, 2016, ChainBB : discussion forum style interface on the Steem blockchain created by @jesta , Zappl : a decentralized front end micro-blogging application similar to twitter and mastodon - moreover Zapple is termed the Twitter of Steemit and developed under the guidance of @thedegensloth . All these including the ability to anonymously publish something to the world without exposing your identity mean that most top world figures can share their information’s safely to the world and it stays in the blockchain.
- Massive Potentials: steem blockchain has the highest potentials in the entire blockchain for mass adoption especially after the upcoming Hard fork 0.20.0 which is known as velocity with its 3 main priorities : Communities building support –read here for more info , Easy Onboarding, and a Mobile Application. Importantly, velocity will make it possible for millions of people to sign up on steemit by opening the flood gates and each new account created will burn steem - read here for full details -this will certainly shoot the price of steem to the moon and create millions of members plus large communities that are willing and able to use steem backed dollars as their currency leading to mass adoption of the currency and subsequently, more value to steem ecosystem.
Conclusion: In this blog article I have outlined reasons why I think that steem is undervalued and explained succinctly the ingenuity of steem ecosystem. There is no need to panic due to steem cheap price, rather take it as a blessing in disguise plus a once in life time opportunity to grow your steem before it’s too late and power up in order to be relevant in the future of social media.
What do you guys think? send in your comment, Please resteem this for others to join and up vote to send your support.
Please read this my former blog: Steem Owner or Renter which strategy is better :
For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z
Hey. Thanks a lot. I have the same oppinion trying to bring more of my friends on board before it is not so easy.
Good comment @kedjom-keku get all your folks to steemit...a good choice...
Good point, I agree..
@blueorgy do you agree with the analysis og this post?
Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.
Nice one...learning from this post...keep it up
welcome
Thank you for the post Charles. I am new here yet Steem is one of my core pieces in my crypto portfolio. You post only further enhances my belief in this platform and the long term potential.
The idea that one can earn money from his/her content on a social network is revolutionary. People support facebook, reddit, and twitter without a thought yet only a certain few are making any money off that. They are making others wealthy. To me, this is the best selling point. I cant tell you how many times I read in the past two weeks "I made only a few cents but that is more than I made in X years on facebook". It is so true.
To add to your post, my views on why steem will explode in price in due time:
3.A simple numbers game. There are roughly 300K users on here. If steem can support a price of $1.00-$1.50 with that many users, then imagine what it could support with 3M or 30M users. And to put it in perspective, even at 30M, it would be a small gnat compared to FB and it 1B+ monthly users.
Thanks again for your post.
I agree with you...I even explained this issue more in my older post click and read here https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-now for more info...keep steeming
Yes I read that one...another awesome post. I followed you...I really like what you write.
It seems you are intent on doing all you can to not only make this place successful, but help as many as you can in the process.
That is my goal too.....I benefit the more we collectively benefit.
thank for share @charles1
welcome
!!! now am following your Blog .........
I'm wrrting post about News if you interested! D'nt Forget to Follow me.
welcome
Wow!! Very potential. I did not know the three types of rewards, included shares of the company. Excellent! Upvoted and Resteemit. We all should help this platform grow, at least by bringing more people.
Great, I agree and thanks you comment and resteem ? wish you success
Lovely puppy thanx to sharing I resteem this post
Yeah...lovely puppy...guess you love pets @amecool 😏
welcome and feel free to see my older posts for more tips
@charles1 I think the most important statement in your post was regarding the beta status of Steem. To date, Steem is, indeed, still in its infancy. It's existence is promulgated solely through word of mouth which brings roughly 2000 people per day to the platform.
Imagine, indeed, once real advertising begins? I would expect that a dramatic increase in membership will ensue following any sort of intentional, commercial promotion of the site. Once that happens, real wealth creation, monetary and creativity, will likely occur like has not yet been seen.
Good point, I agree with you...thanks for your comment
I like this dog.
same here
@charles1 got you a $1.33 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Thanks bot
https://steemit.com/funny/@inreallife/how-every-steemian-sleeps
stop spamming my post with yur link you spamming bot!!!!! you will be flagged if you continue
lovley dog
Great and lovely dog indeed
NICe subject
whats so nice about it? any suggestions?
More in-depth info to help me better understand the differences and more about it, thanks!
you are welcome and more success to you.
This post has received a 1.04 % upvote from @drotto thanks to: @banjo.
Thanks bot
I agree! it is a blessing that we all discovered it before it is too late for ordinary people to grow some power here and place to go on.I don't know how much time till the great "gem discovering" by others, but for we are steeming with persistence and a hope for a bright future😊
Good point @damira I agree....keep steeming
Yes it is undervalued. However the problem is that steem value is effectively halved each year as they double the volume of steem on the market. From an investors point of view its just not worth the long term. There is too much uncertainty as to whether steem will take off while at the same time the price has to double to maintain its value. The only part of the steem currency benefiting from this is steem power where the price of influence goes up. This it how i see it but i could easily be wrong.
Good point , however do not underestimate the power of crowd: when millions will sign up in steemit, things will never be the same again......
Its the best time to join steemit because you will be like an early investor and can make huge profits in the long run.
Good point, I agree
Steem is a great platform but needs more real people rather than bots and people posting to make a quick dollar
Good point, thanks for your comment...hopefully you will invite millions of real people here ...
Great article! And about the beta version. We have a confirmed date for the finished version of Steemit?
Hoping to get update ...I will post here if I get one..
This post has received a 0.92 % upvote from @booster thanks to: @charles1.
Thanks bot
nice dog
same here..hahaha nice one indeed
Welcome to Steemit!
Thanks bot
Welcome to Steemit!
Excited to see hardfork 0.20 make the onboarding process quicker.
This low Steem price is another gift.
I agree...from next year , price will increase...hpe they give us more time to buuuuuuuuuuuuuyyyyyyyyyyyyyyyyyyyyyyy
Good content! Whale done:)
Thanks for your comment
Yup! Great informative article! More steem power to ya!
Haha same to ya too my dear one, thanks for your comment
Great job as always my friend ! Sleepy though , brain fog ! LOL! Will read again when I wake up ! Good night ! Upped and resteemed !! 💕💕👍💕👍
Thanks a lot for your support my dear one and sleep good 💕💕👍💕👍 do not forget to read when you wake up becuse it will motivate you more towards steem power
Awesome!!👍👍👍
welcome
What does the photo you have used have to do with your article? You trying to manipulate our emotions or something? :-)
I am looking forward to losing the beta tag. I have a feeling it wil lcome soon with the coming of the mobile app!
Yes as I indicated on my former posts here https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-now I guess that it will happend on the update...Milord you will be freaking Rich and will buy more Butler Sir @meesterboom ..imagine 1000USD /Steem ...You will even buy an Island for your good lady !!!
Ah if that day came I would be the happiest man on earth. Will just have to start looking for islands now! :OD
Start ASAP Milord because the day will come sooner than later..my posts explained why ...if facebook can get 1B + members am sure that steem will get from 300M + in 2 years time if people know the value and each sign up will burn steem then Kabooooooooooooooooooooooooooooommmmmmmmmmmmmmmm steem price will explode and Milord will run away due to fear of tooooooo much money and come to me for a cold beer to chill the temper!!!!
I think by then you shall be a giant in this space and we can buy a beer farm together and sit back and watch it grow!!
Amen to that, amen!!!!
I learned a lot about the apps being built that are based on the steemit blockchain.
Don't go and buy up all that steem..leave some for the rest of us =PP
Hahahah thanks for your comment my dear one..more success
You're welcome! To you too..cheers! :)
Great
Yeah! is true, Steemit community have all it takes to enhance our financial and knowledge capabilities of human existence.
Good point, I agree
I think you are right on. Steemit is still so new, there are tons of growth opportunities ahead.
Point!!! U agree with you @joechiappetta thanks for your comment
Thanks for your post @Charles... nice point on the loan function.
To your point "Steem blockchain processes transactions faster and more efficient than top cryptocurrencies even Ethereum and Bitcoin combined."
Is this because of its underlying technology you could point me to to better learn about it, or mainly because the transaction volume and load is less than BTC and ETH at this time?
Agree with you 100% on the blessing in disguise price. I grabbed a little bit yesterday at $1.08. Could be the best prize zone for a while if the crypto world starts recovering from the China ICO FUD dump/market manipulation, but had goals to diversify with other tokens. $1.08 v $1.30 etc... won't make too much of a difference in the long term, especially when you can earn STEEM by using the site to lower your average total cost of fiat expense.
Keep on Steemin on.
Steem uses Graphene which is very fast read this post (steem , bitshares and EOS are developed by Dan with a solid technology)
https://steemit.com/blockchain/@overloaded/steemit-sets-block-time-record-as-the-fastest-crypto-currency-in-historyshares
every time I see this kind of post I wanna buy more Steem...
Great that you liked it...wish you success
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by charles1 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Thanks bot
Love it brother. Great points in this article. You are very accurate, and that is exactly how I see the true value of this platform too.
Awesome stuff. Talk soon.
Welcome , thanks for your comment
Only a pleasure brother. Talk soon.
Only my pleasure brother. Talk soon.
welcome
hmm really nice post
what is nice about it?