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
Upvoted, Resteemed & Followed. Steem is definitely undervalued.
Thanks Socky for this info.
10 million. Next goal!
In the meantime, let's recruit more writers/bloggers.
I feel that if multilingual exchanges list BOTH (SBD and STEEM) then people all over the world can use Steemit. We would get more users which would boost the price. That would further incentivize writers and bloggers to migrate here.
But you are right. We need more writers/bloggers.
Steem has to be more attractive to the exchanges. We have too many poor bloggers here thinking that they can invest little money and blog their way to a good income. If more people with money join steemit, the increased volume will persuade exchanges to add steem and SBD. They will feel compelled to get in on the action. Read my blog: https://steemit.com/steemit/@tjfire/stop-whining-and-invest-in-steemit-like-never-before
Thanks for sharing this useful post
Broad thinking for togetherness. I support
saludos, muy útil tu articulo, me estoy iniciando esta semana