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RE: Steem Looks Like it is Going to Be Listed on a Korean Exchange Soon!
Excellent news for Steemit. Not quite sure how it all works, but it seems to me that if there are "external" investors who are not on the platform itself, this will increase liquidity. But ... the volatility of Steemit may be a mixed blessing as it will attract short-term day-traders, so this might be a source of concern.
Day traders dont increase the value of a currency. They are scalping throughout the day or a couple days. In essences, they are out as quickly as they get in.
What increases the value of a currency is the number of people holding it. With Steem, there are those who buy the currency to hold long term AND those who earn it by being on this platform. Both will increase the value of the currency over time.
There are 375K users on this site now....give it another two years and lets get that number to 3.5 M and see where the price is. (3.5M is a rather conservative number)
Listing on another exchange gives Steem access to another group of people...that is a good thing.
I am a day trader and yes volatility is good for us but more buyers is always a good thing.