On the other hand, one could surmise that it's a great time to buy steem for as cheap as it is. The only hard part is finding an exchange to purchase it on. That's been the one reason why I haven't purchased any. The exchanges that allow people to purchase for fiat don't serve Americans or require $500 or more to make a purchase. I would drop $10-$50 at a time if I could!
You are viewing a single comment's thread from:
Yea it worked well for the few that bought in at 7 cents, they’re still doing alright... I’m just really trying to brain what would cause steem price to rise and stay around at least a dollar ?
Posted using Partiko iOS
People buying it to power up, for starters. Certainly can't hurt...
Preventing rewards from being extracted by accounts with substantial stakes would allow content to be rewarded, creators to be encouraged to post, and new users to join, which all would put upwards pressure on the price of Steem.
Allowing the price to rise will attract investors seeking capital gains, which profiteering currently strongly discourages. EIP is exactly bass ackwards from doing that. Plan accordingly.