STEEM is the 3rd most used blockchain & how it only costs $5 to buy out all the STEEM on exchanges

in #steem5 years ago


Hello and happy Sunday to everyone. Today i am debating in my head weather to buy some more STEEM, it's only 13 cents. I ponder to myself why is it only 13 cents. I mean sure the platform only has around 5000 active daily authors and 35,000 total active blockchain users like curators and stuff. From this point of view, things do not look to good for STEEM are Steemit but when you look for other sources of information, your point of view can change very quickly. If we were to look at blockchain ranked by activity, STEEM is a monster being ranked as the 3rd most used blockchain.

That's almost 1 million transaction per day. Visa for example does 150 million transactions per day so 1 million from a small group is pretty good in my view when you think that visa is accepted everywhere. STEEM is also pretty much free to transfer and having usernames attached to wallets makes it so much easier to use when compared to a 30-40 character line of gibberish. EOS and TRX are big players in crypto gambling so alot of these transactions come from bots that are set up to run those. There are few gambling dapps for STEEM but i think STEEM would have a higher user to user transactions when compared to other blockchains as well. I mean i have sent hundreds of people direct STEEM from my wallets but never sent someone EOS are TRX for anything. STEEM is so undervalued it's unreal.

The "AVI" in the screenshot is the crypto's Activity Valuation Index. In a nutshell the higher the number the better. It's worked out by a blockchain total transactions compared to bitcoins and then divided by marketcap are something like that. The higher the better. Lastly is the "CUI" which is a blockchain capacity meter. We can see that EOS is sitting in yellow with it's 47 million transactions per day. Bitcoin is starting get into ad shape with 700k transactions so if it get's used more, fees and transaction time will both increase. STEEM is flat lining show that 1 million transactions is a walk in the park and what's that? Transaction confirmed in 3 seconds? Im sold!!

Buy all the STEEM!!!! Send the price to the moon

I seen in a post recently that if every account bought STEEM from an exchange, it would only cost $5 each to buy all the STEEM currently on all exchanges. That's a mad thought and i would love to see something like this go viral and gain some traction. I understand that $5 might be out of some people reach depending on the country they are from but for alot of us, buying $50-$500 worth could be the norm and this would make up for these that could not afford it. I wish i could remember the username of the person that wrote the post. It was a really good post with lots of epic stats. The idea of wiping out most of the STEEM on exchanges would indeed send the STEEM price upwards and that in itself would bring attention to the blockchain and more articles about STEEM would be wrote and appear in crypto news websites and sites bringing in more new users that dont know about STEEM. The problem with STEEM is they are trying to fix content quality instead of increase the value of the token. If they focused more out of steemit bringing new users in, the price might reflect that effort.

Another thing to consider is that from HF21, somewhere in the range of 4-6 million STEEM POWER has been removed from the top 5 bidding services on steemit and this STEEM has most likely ended up on an exchange and been converted into BTC. I am hopeful that when the effects of HF21 will wear off in a few months and we'll not be seeing big dumps like this again.

I believe that STEEM will have its day again, maybe not at time highs but up there in the top 50 ranked crypto again. Lets all do this and buy $5 worth of STEEM today from an exchange. It would not be hard to accept paypal payments from users and do this as a huge groups thing. Who's IN?

HAVE YOU BOUGHT YOUR $5 OF STEEM YET?

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I just bought $100 worth.. but I bought it from @blocktrades .. I haven't bought STEEM off a exchange since Polonix.. and that was before I was on Steemit

Ohh go on then.... £100?

Creepy JOE turns me Off.
@silverstackeruk You are a Good Dude.........

Im buying when i can, always.

Steem on 🤘✌️

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