Cryptocurreny is climbing Steemit is benefiting
BitCoin is climbing and as usual almost all Cryptocurrencies are rising overnight @bitcoin rised to $10000 and fell slightly after an Asian trading rally. Are the Asian markets propping up @cryptocurrency ?
@Steem is benefiting from the rally with a 10% rise overnight
what does this mean for @Steemit? We will have to wait and see. The @cryptomarket rebound should be sustainable in my opinion.
Could you buy anything with steem by the Way?
You can convert them to different cryptocurreny to trade for cash. But I'm unaware of any business at this moment that accepts them as payment. Thanks for commenting.
Well I know you could exchange it, but I was just wondering what gives it any intrinsinc value, besides the idea.
In a way you could say the same it social media platform is the valued portion. We are building the value Everytime we blog or upvote a post or comment. Just think of Steem dollars as you would think of shares of Facebook.
Well thats acceptable. I then hope steemit will get Facebook like revenue, since I do not see how they get fiat.
I'm taking a long range look at it. Some are saying Steemit is coming out with a social media coin so this can be duplicated by other websites. That could make steemit dollars skyrocket to $50
The idea is great beyond doubt