I just don't know much about crypto market but most od people told that its time to but steem because in feature steem value will increase. I never hear about steem before untill i join here but now knowing little by little. Right now i haven't enough so right now not any idea to buy steem but yes soon i will buy because its look more profitable.
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Although the price of steem has been falling recently, I've still been making a good return in terms of my steem power increasing due to the rewards. So, I think it could be a good long term investment, but only time will tell. Depends if the platform can continue to expand in terms of new users, along with people willing to invest in it (which is required to support the payouts). Of course, I'm hoping so :)
So according to you is it time to invest in steem because as you said its at low level and also you said in post that in feature it will increase so as long term investment can we buy it now?
No, I can't say that because that would giving out investment advice! Also you make it sound a bit like a MLM idea, which is not my reason for investing ;)
I bought more because I'm hoping that platform is successful
(and wanted to increase my voting power too ;)). If you look at other social media - if a platform is signing up lots of new users it's good a sign, and one of the most important metrics. What would be the implication of having loads of users? I think that should cause the market cap to go up one way or another as a certain proportion of new users decide to hold onto their steem and buy more in order to increase their influence. If the platform is starting to compete with Facebook etc, and these other social media platforms have much higher market caps, then I'm thinking steem is quite likely to be undervalued right now. But this doesn't mean that the price will go up in the short term. I'm hoping it does in the long term of course, but everyone must make their own investment decisions :)
Ok friend then i think wait for some times to see how its going and then let me think what to do. Thank you for your opinion.