Did you happen to notice that the price of STEEM went up when it is listed on Huobi Exchange?
The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!
We are about to hit 1 Million accounts, but we can do much better than that if STEEM and SBD were made available everywhere.
Lets put the lack of exchanges concept in perspective. Perhaps you want to buy a new car. You have plenty of Ford, Chevrolet, Toyota, Dodge, Mazda, Volkswagen, Subaru, and Honda dealerships where you live. They speak the same language that you use. However in order to buy a Hyundai, you have to go to another country to buy it and they don't speak your language. There is a high probability that you would not buy a Hyundai.
This is the dilemma with STEEM and SBD. As a currency, if it is not made available everywhere, then people would likely use something else. In comparison to other currencies ranked in the top 50, STEEM and SBD are severely lacking access. When people don't buy it or use it, the currency has little value and thus the price will remain low.
Other currencies have dedicated teams aggressively convincing exchanges to list their coin. STEEM seems to leave that task up to US.
Here is how you can make a difference for Steemit future.
I now have three forms to fill out and one contest.
#1
We need to let Poloniex know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the Poloniex example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-get-steem-and-sbd-wallets-working-on-poloniex-let-s-make-steem-great-again
#2
We need to let HitBTC know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the HitBTC example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/let-s-make-steem-great-again
#3
Follow this link to an article I wrote about listing STEEM and SBD on Cobinhood. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-request-steem-sbd-listing-on-cobinhood-exchange-by-socky
#4
Here is a new way to write a story and sneak in a mention for Binance to list SBD. If your story wins the top 50, then you can get some prizes.
https://steemit.com/steemit/@socky/enter-this-binance-contest-and-support-sbd-listing-by-socky
1 million accounts,most of them bots.
That is OK. Tis the nature of this beast. However, look at @penguinpablo's post. Roughly 1000 or more accounts daily. Sometimes peaking at 10K or 20K.
The reason that these accounts go through surges is because the approval process is manual to weed out bots. It becomes extremely difficult to create a bot account this way. It would be far easier just to create bot accounts through different means including paying for them. Considering that the majority of accounts are created through the normal sign-up and verification method, it would make sense that the majority of these accounts are real people.
My belief is that the majority are not bots, but the majority have quit using Steemit. Not to worry, all social media platforms have a significant amount of people that quit. Just look at Facebook. They have long since created enough accounts to surpass every living human on earth. The majority of their accounts are no longer being used by a number of at least 5 billion. By the way, they have huge amounts of bots. The most worrisome are the ones designed by Facebook that collect personal data.
Hi @socky, I followed your post and resteem. You better write about Steem
Yes it's okay, steemit user is increasing every day. As well as the prices of steem are increasing.
Newcomers get a chance to do something good from Steemit
I think the new ones will know something better about Steemit and Steem from your posts.
thanks for this post. this is the right way to make steemit big.
much obliged!
I admire your relentless effort to get STEEM / SBD listed on more exchanges
Thanks @joetunex!
You are welcome @socky
Thanks for putting this together! I'll be doing my part to help the cause in hopes to further the adoption of Steem and SBD.
Thanks Dirk!
Tanks for the post....will make sure i do my own part
Congratulations to you we sign a large flow gradually throughout the future as it achieves daily successes