Why Steem is an Undervalued Precious Gem

in #investing7 years ago (edited)

This article will  hopefully,  shed light on the superiority of steem ecosystem  especially to some people who underestimate the ingenuity of steem block chain - due to the undervalued price of steem .

This amazing steem system is built on a protected blockchain software that run on computers and there are  3 types of assets that run on the ecosystem: Steem , Steem Power and Steem Dollars. Steem power (which gives you authority in steemit platform) and steem relates to company shares and steem dollars (which moves in tandem with US dollars)  are created by a blockchain-based software network to be used as a currency, from loans on Steem digital assets which have financial value  because they're useful to a rising Steemit community , and are rare .

Moreover, there are many reasons why steem is undervalued , however , in this blog post I will discuss my top reasons and you are free to add your own via the comment section:

Pic source

  • Still in Beta:  steem is doing excellently well even though it is still in its infancy (Beta) and there is yet no massive advertisement of the blockchain to the world. Imagine what will happen if millions of dollars is used to advertise this amazing technology to the world including the financial market? 
  • Life Changing Technology : Steem  blockchain processes transactions faster and more efficient than top cryptocurrencies even Etherium and Bitcoin combined . Moreover some disruptive technological apps are being built on steem blockchain . Some examples are  DTube (a video platform like  Youtube) created by @heimindanger  , Busy.org  : an alternative content creation social media site  using the Steem blockchain and founded by @fabien & @ekitcho in July, 2016, ChainBB :  discussion forum style interface on the Steem blockchain created by @jesta  ,  Zappl  : a decentralized front end micro-blogging application similar to twitter and mastodon - moreover  Zapple is termed the Twitter of Steemit  and developed under the guidance of  @thedegensloth .  All these including the ability to anonymously publish something to the world without exposing your identity  mean that most top world figures  can share their information’s safely to the world and it stays in the blockchain. 
  • Massive Potentials: steem blockchain  has the highest potentials in the entire blockchain for mass adoption  especially after  the upcoming Hard fork 0.20.0  which is known as velocity with its 3 main priorities : Communities building support –read here for more info  , Easy Onboarding, and a Mobile Application. Importantly, velocity will make it possible for millions of people to sign up on  steemit by opening the flood gates and  each new account created will burn steem - read here for full details -this will certainly shoot the price of steem to the moon and create millions of members  plus large communities  that are willing and able to use steem backed dollars as their currency leading to mass adoption of the currency and subsequently, more value to steem ecosystem.


Conclusion: In this blog article I have outlined reasons why I think that steem is undervalued and explained succinctly the ingenuity of steem ecosystem. There is no need to panic due to steem cheap price, rather take it as a blessing in disguise plus a once in life time opportunity to grow your steem before it’s too late  and power up in order to be relevant in the future of social media.

What do you guys think? send in your comment, Please resteem this for others to join and up vote to send your support.

Please read this my former blog: Steem Owner or Renter which strategy is better

 For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z   


 

Sort:  

Hey. Thanks a lot. I have the same oppinion trying to bring more of my friends on board before it is not so easy.

Good comment @kedjom-keku get all your folks to steemit...a good choice...

Good point, I agree..

@blueorgy do you agree with the analysis og this post?

Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.

Nice one...learning from this post...keep it up

Thank you for the post Charles. I am new here yet Steem is one of my core pieces in my crypto portfolio. You post only further enhances my belief in this platform and the long term potential.

The idea that one can earn money from his/her content on a social network is revolutionary. People support facebook, reddit, and twitter without a thought yet only a certain few are making any money off that. They are making others wealthy. To me, this is the best selling point. I cant tell you how many times I read in the past two weeks "I made only a few cents but that is more than I made in X years on facebook". It is so true.

To add to your post, my views on why steem will explode in price in due time:

  1. The rising ship....there is so much money about to enter this space that it will lift all legitimate coins. Actually it will probably lift all of them but the illegit will collapse.
  2. People do not have to buy it. When people have the chance to earn the coins, you open up holding to a large number of people. How many people in third world nations are buying some $.50 coin? Very few. However, I already saw people in Kenya and other nations like that amassing steems.
    3.A simple numbers game. There are roughly 300K users on here. If steem can support a price of $1.00-$1.50 with that many users, then imagine what it could support with 3M or 30M users. And to put it in perspective, even at 30M, it would be a small gnat compared to FB and it 1B+ monthly users.
  3. Technological employment disruption....I am one of those technologists who believes that automation and other tech advancements are going to eliminate a ton of jobs. This will cause people to need to look to other avenues for income. Spending time on steemit is a perfect way, over time, to make some money.

Thanks again for your post.

I agree with you...I even explained this issue more in my older post click and read here https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-now for more info...keep steeming

Yes I read that one...another awesome post. I followed you...I really like what you write.

It seems you are intent on doing all you can to not only make this place successful, but help as many as you can in the process.

That is my goal too.....I benefit the more we collectively benefit.

!!! now am following your Blog .........
I'm wrrting post about News if you interested! D'nt Forget to Follow me.

welcome

Wow!! Very potential. I did not know the three types of rewards, included shares of the company. Excellent! Upvoted and Resteemit. We all should help this platform grow, at least by bringing more people.

Great, I agree and thanks you comment and resteem ? wish you success

Lovely puppy thanx to sharing I resteem this post

Yeah...lovely puppy...guess you love pets @amecool 😏

welcome and feel free to see my older posts for more tips

@charles1 I think the most important statement in your post was regarding the beta status of Steem. To date, Steem is, indeed, still in its infancy. It's existence is promulgated solely through word of mouth which brings roughly 2000 people per day to the platform.

Imagine, indeed, once real advertising begins? I would expect that a dramatic increase in membership will ensue following any sort of intentional, commercial promotion of the site. Once that happens, real wealth creation, monetary and creativity, will likely occur like has not yet been seen.

Good point, I agree with you...thanks for your comment

same here..hahaha nice one indeed

Coin Marketplace

STEEM 0.19
TRX 0.12
JST 0.029
BTC 60808.77
ETH 3368.54
USDT 1.00
SBD 2.47