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RE: Will we ever go up?

in #steem7 years ago

BTC surged in price.. of course it will show as a "down trend" for Steem... but Steem has stayed pretty consistent with the dollar.

Steem is not a "get-rich-quick" crypto so we don't see a lot of speculative investors which pump up the price of other useless cryptos (tezos, filecoin etc)

Steem also inflates, more and more is created everyday. This brings up the supply.

What needs to happen to make the price go up? Demand needs to go up faster then the supply is increasing. This won't happen over night - but it's going to happen... and when it does you will see a surge in price, not a trickling increase.

Take a look at my article about the "Network Effect". Basically Steem will become a lot more valuable with each new user it attracts.

https://steemit.com/steem/@cryptoindex/the-network-effect-why-current-steemit-contributors-may-hit-it-big

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Just checked it out and left you a comment. Interested to hear your response.