RE: Excess Supply : Killer of Steem , EOS, Bitshares and other top crypto currencies ?
That was an excellent comment,@xaero1, You have nailed it.
And thanks to @charles1 too for bringing up the subject.
I have upvoted and followed both of you.
I would like to add some comments:
1- The price of steem is particularly important. Higher prices mean higher value for payouts and hence higher attraction to talented content creators. So, the thriving of the platform itself depends on the value of steem. Other projects would not be affected that much by the price of their tokens. So, we (steemians) must care about the price of steem.
2- The amount of supply by itself is not important. What is important is supply compared to demand. Now, what would create demand for steem? This the subject that we (the community and the team) need to consider and pay attention to.
3- I am a little bit alarmed by the way @dan is abandoning a project after the other, leaving them incomplete. I believe that it would be better to complete your work in a project before you go to the next one. IMO, both Steem and Bitshares had much higher potentials if they received the needed nurturing from their parents.
In fact, these worries are what is stopping me from investing in EOS. I am afraid that he would leave the project before it matures.
Thanks for your reply. Great comment!
I'm not an investor in the true sense, because that would probably mean in an actual company like steemit! All I mean is don't trade it, I.e., and in fact it isn't possible to trade if you are powered up!
Really I mean that I mostly trade crypto currency like BTC , ETH, as my work! To try to make money :) However, steem power is the main holding I have which I can't trade, hence I view it as an investment! I'll be holding it whether the price goes up or down (even to zero ;) )....so, either I get a nice capital appreciation if the project is successful, or I go down with the ship, if it sinks!😂This is what I mean by 'investor' as opposed to trader😀
Yes, I get it now. But, why do you choose to do that? You must think that the odds of success are much more than the odds of failure.
Exactly... I think the platform is pretty unique, and could be a good investment. But it requires continued growth in user numbers. Will be interesting to see if it works out!
Its people like you that will make this community successful. If we had more investors like you Steemit would be FAR more successful. I hope you inspire others to commit and contribute such as your self!
SteemON!
Thanks!😃