STEEM interesting discussion. Why people want to bring money into Steem?

in #steemit6 years ago (edited)

Many people discuss the cost of STEEM is going up in the future, and a very few seem to talk about how and why it will happen actually. In hypothesis, it is so simple that the Steem price will rise and if there is more requirement for it than its supply, so it means that more people are willing to buy it than they want to sell it.


Why would People wish to buy Steem?

So then the question is: Why people would like to buy STEEM? 

The most right answer to this question is; they think it will be more valuable in future. It is called supposition. The supposition is not an unfavorable thing in and of itself. If people are capable, they can do well supposition on things, but if the reason is that people are buying Steems because they think, others will buy it later at the higher price, that will inevitably create a bubble and eventually lead to a significant dump.

Furthermore, steem is a rising token, which forms it even harder to rise on speculation alone as compared to a decline symbol like Bitcoin. I believe that nearly 64,000 new steem tokens are produced every day (you can correct me if I am saying wrong). It means that 64,000 more steems have to be purchased than is sold each day only to hold it at the latest price.


It is all about benefits:

So the theme of the story is that we don’t want to trust on supposition. Fortunately, Steem is one of a very few cryptocurrencies that has the actual worth and benefits for users right now. You can use Steem to boost post/content that use the Steem blockchain. You can also do this by either by powering up and casting votes, consuming Steems on the promotion feature on Steemit.com, or by buying SBD and paying to boost your post/content through a lot of accessible services.

Profitability is decidedly vital for the long-term successful outcome of a cryptocurrency, and this is one of the underlying reasons that I support voting bots and services. They help to raise the worth of Steem which encourages more people to buy Steems and helps to raise the price.


Let’s take it to the Upcoming rank:

So the latest profitability/worth of Steem is still comparatively small and going to make us very far. That's why I would like to call on the whole community to think about, and hopefully apply thoughts that produce more worth for the Steem token and make more demands and take more money into the system.

So by taking the daily tokens for subscriptions and advertising it created profitability for the token which helps definitely to create utility for steems as well.


I want to hear you now!

Instead of sitting, waiting and expecting for the cost of steem to rise, let us get out there and make it happen! Instead of opposing with each other for a more prominent part of the same reward fund, let us work together to make the reward bigger for every person.

What do you think to bring money into Steem? 

I want to hear you about it in the comments, and who knows that some people might like your comment/thoughts and you can work together to make it fact and make the next huge thing.

Sort:  

Nice interpretation of Steem. I didn't know 64,000 new ones are created everyday. I agree Steem will go up because of supposition. People will also want more power on the blockchain that's why they buy in. Just like you tubers invest in brand new cameras, microphones, special effects, and other items to boost their channel.

No doubt Steem is one of the only cryptocurrencies that almost anyone on earth with the Internet connection can participate in with no investment. So more and more investores are accepting them to buy and hold and their value will shoot to the moon in future.
Thanks for sharing your views

Your this answer is the best that in future it grow more ...lol

Yeah hope so

Hy @hamzayousaf I want to buy some steem . Plz tell me easy way of this . Where are no more taxes. Iam from pakistan plz tell me

I bought ETH on coinbase and then sent here to convert to Steem through blocktrade and then Powered Up. Please also see my posts about the "exchange rates" and what I think was a good time to do so.

You can buy steem by giving bitcoin on an exchanging site.If you want to buy by paying pakistani rupees then contact at [email protected].

ok thanks

i hope steem will go high and upto sky :) but it is depend upon on
cryptocurrencies promotion. i have observed when Bitcoin goes high other altcoins also going high same like steem and sbds. we can change our sbds into steem from internal market and also from birrex and binance exchanges.

Thanks for sharing your views

Excellent post. I feel that if we want to grow the value of steem we must promote it to the maximum especially platforms like Dtube, Dlive, Dsound etc. All those people being censored and not getting paid that well on youtube;should come to Dtube for instance. Also, the steem payment system is very fast compared to bitcoin. So I believe the more people who join steemit and see its value, the more the price will grow.

Yes I agreed.Thanks for your views

People invest in Steem because it's a profitable decision. Taking a look at its history and then coming up with a future price/perspective will help understanding it in a better way. Great post.

Those who invested in steem and not only rely on their earnings are placing a value on the time that it would take to earn and accumulate SP to become a significant force - I did.
Day 28 here and I am at 800 SP. To people in places where my full vote, which gives $0.13 USD, could be a meaningful difference and impact.
For those who are trading their time and talents for what they can earn here, the SP carries weight.
I am here to help, encourage ... I am not a bot ... I do more ... (please see my profile and posts).
After all, I am a scientist, a geek - nerd, and a mathematics - logic practitioner and they are the only two means that can be proven true of false.
I am just pointing out the numbers and the logic will follow with sufficient set of numbers.
All the best!

Yes Steem is different from other cryptocurrencies like Bitcoin because it doesn't solely rely on mining to generate new currency units. While you can technically mine Steem then you can get more benefits in actual way..
Thank you for your views.

This post will uplift the spiritbof steemit community🙂

I support voting bots and services. They help to raise the worth of Steem which encourages more people to buy Steems and helps to raise the price.

This point I like to focus more. We should use those bots to promote or trend only quality contents. Many steemians are degrading this wonderful trading ecosystem by using bots in the name of earning money. Actually in theory, it doesn't work like this as the users have expected and they should know the purpose and limit of using bots🙂We need to stop thinking of them as bid and win type deals and understand for what they are

Thanks for sharing such an amazing information and i hope Steem will go high but it is depend upon steemit performance and innovation.

Welcome. Sure it will go high soon

It's all about expectations.
Steem is here to stay, maybe due to Steemit, allowing billions from all over the world to come and participate.
Thanks for your valuable article.

Thanks for sharing your thoughts.

I think the price of steem depends on the future of this website. I’m not to sure about it’s future success.

I think that the Steem blockchain and the Steem token have very bright futures. Let us hope the steady rise in traffic, current global positioning, and the recent price jump of STEEM and SBD dear @propane

To create a platform where people can create an income from it and create value.

I didnot get.. do comment again

You are right @hamzayousaf steem is future currency means that it will increase up to 10 times. Its time to investment and we should buy steem with cheap price and after some time it will be a good price currency then we should sell it or powering up .

Yeah you must buy. And how to buy I have answered your question above

How to easy earn money?

Possibly the most overlooked aspect to earning money on steemit there are plenty of great ways to figure out how to earn more with curation from using Steem upvoter to making your own upvote bot.
For example as you can see, comments tend to pay out a lot less than blog posts, but if you're able to make a lot of them, the money can quickly add up. Remember, the more insightful and relevant your comments are, the more likely that other people will upvote them.

I am not a bot and don't want to create more bots or proliferate their use. I have been in the field of Artificial Intelligence, and I think I am qualified to make an intelligent assessment - none of them are anywhere near intelligent. I think that some profits from their use, but, that defeats the purposes of the reward system.
So, I am not a bot ... I do more ... I am here to ... (see my profile and posts).

Earn money is very easy on steemit. By bloging and comenting

Very well written and particularly interesting read.

Steemit is the easiest way to earn @hamzayousaf

Try to do comment according to the article

Good post you are right @hamzayousaf

Ohhh I know my post is good.
so comment it how it is good?

because they want to multiply their investment

This post has received a 14.64 % upvote from @boomerang.

Well, this post have received 4 votes worth $14.97 already:
@boomerang - 595,486.794 SP Your 100% upvote is worth: $97.11
@jfitmisc - 1,182.069 SP Your 100% upvote is worth: $0.19
@amitraj - 987.074 SP Your 100% upvote is worth: $0.16
@clemdane - 552.703 SP Your 100% upvote is worth: $0.09
@prime-cleric - 1,110.134 SP Your 100% upvote is worth: $0.17
... now 8 votes for $15.04 (not much more for upvotes wfrom newbies with low SP)
So, here is the value proposition:
SP => value in upvotes
I am at 800 SP and my upvote @ 100% is valued at $0.13. It is my day 28 here and I invested in Steem and Powered Up so that I can benefit from this growing community as well as earn "compound interest" from my investments in Steem.
I am not a bot ... I do more ... (See my profile and posts for details).
All the best!

Hii there is a mistake on @amitrac
That is @amitraj

Corrected - thanks!

Just looking at the numbers, I pretty much purchased most of my Steem and Powered Up - 800 SP on day 28 here. I earned a few, but not much compared to what I purchased.
However, we must keep in mind the power of compounding - my 800 SP gives me $0.13 per upvote and my votes are replenished at 20% each day - depleted at 2% per upvote (at 100% for 500 SP and higher).
That is $1.3 per day * 365 = $474.5 per year. This is at a time that Steem is depressed in price and my account is less than $2,000 in value.
Without compounding, the return, if I can give $1 worth of upvote and get $1 worth of reward in return, my rate of return is 2.37% per year.
If and when Steem goes up in value, my rate of return will increase geometrically / increasingly.
That is just simple math - not counting the growth in followers and people who will collaborate or reciprocate.
All the best!

You got a 12.98% upvote from @upmewhale courtesy of @hamzayousaf! Earn 90% daily earning payout by delegating SP to @upmewhale.