I've seen a few coins get pumped recently with massive rises, e.g. 15000%! Very few people would get to profit from it. I hope Steem can rise sustainably
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I've seen a few coins get pumped recently with massive rises, e.g. 15000%! Very few people would get to profit from it. I hope Steem can rise sustainably
I think that the SP and SBD instruments both together have served to stabilise Steem - look at the price for 3 months now, rarely more than about 6% change per day. I think this is because these extra instruments moderate the buy/sell ratios, when it's good to sell one, it's good to buy another, and so the net result is change is slower. I think that we are still waiting for 0.09 USD, but after that there will be steady upward movement.
I've been buying Steem for SBD whilst the price is down. I think the 'business' model of Steemit is good. It should have a future and Steem will go up as people get into it.
I think the idea of using a peer review forum as a criteria for currency issuance is absolute genius. The world will catch up with us.
It's the best thing since Bitcoin.