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
It's really weird, because you'd think a cryptocurrency predicated upon a social network and content creation would immediately catch the attention of the exchange managers especially after it's marketcap reached over a billion.
I think the exchanges will be forced to reckon with the power of social media. This one in particular since everyone is essentially a cryptocurrency owner. Exchanges discriminate against their user base, and there will be hell to pay.
good ... good writing materials, in return willing to follow and like my @restur steak account
Inflation is a big reason for low price. Exchange wise, steem is listed on binance which is as big as it gets. SBD should be always near a $, thats the whole purpose of that currency.
I have a blog that I plan to post in the near future that goes against that thinking. The actual liquid supply has been going down despite the rate of currency creation. As more people invest into the various platforms, the supply can be diminished and locked away in SP creating a shortage.
The rate of growth will far exceed the rate of currency creation.
Do you want to see $100 STEEM?
Short answer: Yes.
Long answer: Fuck yeeeeeeeeeaaaaaaah.