Hi
I would like to understand why you feel this way. Please explain. I think it’s important to get different points of view to truly understand things.
Thank you
I think Steem should be more a crypto that is staked/powered up. Not much is traded regularly. There are many cryptos that are easier to trade. I do believe that adding a new trading pair will have a positive effect in adding liquidity to Steem, but it will be a pretty small effect. I just checked the numbers for today:
Marketcap: 22,464 BTC
Volume (24h): 329.37 BTC
So less than 1.5 % of the Steem tokens get traded on a day. That's almost nothing. If you added a USD trading pair, maybe we get to 1.6%?
I understand what your saying about it being a non-trading crypto.
I think the value I see in the trading pair is visibility and utility.
Utility:
I think that trading fiat currency for bitcoin is expensive and then trading bitcoin for Steem is expensive also, so I think the direct fiat to Steem option has some value. The other utility would be its cheaper to trade dollars for Steem and then Steem fir other cryptocurrency due to low fees.
At least my hope is people entering Steem will do that. I see these low fees driving the creation of other trading pairs.
Visibility
I think the trading pair increases visibility.
I think that will advertise the coin and subsequently the blockchain.
I think one of our issues on the blockchain side is visibility. We have DAPPs and a large community but we lack visibility.
I hope this listing will help.
But I understand what your saying, it’s a logical point of view.
Thanks for your comment.
I hope it helps!
I made a blog post about it.
Thanks
good friend
I will agree to this, because Bitrex is suitable for steem
Thanks
I agree, Bitrex is a form that must be developed through sharing
Thanks
OK, but I don't think it will make any difference having a trading pair like that.
Hi
I would like to understand why you feel this way. Please explain. I think it’s important to get different points of view to truly understand things.
Thank you
I think Steem should be more a crypto that is staked/powered up. Not much is traded regularly. There are many cryptos that are easier to trade. I do believe that adding a new trading pair will have a positive effect in adding liquidity to Steem, but it will be a pretty small effect. I just checked the numbers for today:
Marketcap: 22,464 BTC
Volume (24h): 329.37 BTC
So less than 1.5 % of the Steem tokens get traded on a day. That's almost nothing. If you added a USD trading pair, maybe we get to 1.6%?
I understand what your saying about it being a non-trading crypto.
I think the value I see in the trading pair is visibility and utility.
Utility:
I think that trading fiat currency for bitcoin is expensive and then trading bitcoin for Steem is expensive also, so I think the direct fiat to Steem option has some value. The other utility would be its cheaper to trade dollars for Steem and then Steem fir other cryptocurrency due to low fees.
At least my hope is people entering Steem will do that. I see these low fees driving the creation of other trading pairs.
Visibility
I think the trading pair increases visibility.
I think that will advertise the coin and subsequently the blockchain.
I think one of our issues on the blockchain side is visibility. We have DAPPs and a large community but we lack visibility.
I hope this listing will help.
But I understand what your saying, it’s a logical point of view.
Thanks for your comment.
Okay. I will.
Posted using Partiko iOS
Thanks
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