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RE: Why Steemit won't have a stagnation problem like Bitcoin and other cryptocurrencies are experiencing... aka Steemit won't be slowing down anytime soon. #LongLiveSteemit

in #steemit • 8 years ago

How will the price of STEEM be affected by hoards of new users? I believe Steemit will indeed be a huge success. How best can I put my money behind that view? With STEEM or with STEEM POWER?

8 years ago in #steemit by
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     8 years ago (edited) 

    The network effect is why the price of STEEM will increase with more users. You can read more about it on Wikipedia or Investopedia.com.

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     8 years ago  

    Steem Power, because it rewards you for holding it!

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     8 years ago  

    So true I even think its much better then simply just storing your bitcoin or any other altcoin, as for Steem your earnings build up daily!😃

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     8 years ago  

    its just like stock shares .... you keep holding them you get paid dividends