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RE: Why Steemit won't have a stagnation problem like Bitcoin and other cryptocurrencies are experiencing... aka Steemit won't be slowing down anytime soon. #LongLiveSteemit

in #steemit • 8 years ago

How will the price of STEEM be affected by hoards of new users? I believe Steemit will indeed be a huge success. How best can I put my money behind that view? With STEEM or with STEEM POWER?

8 years ago in #steemit by
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     8 years ago (edited)

    The network effect is why the price of STEEM will increase with more users. You can read more about it on Wikipedia or Investopedia.com.

    $0.12
    • Past Payouts $0.12, 0.00 TRX
    • - Author $0.11, 0.00 TRX
    • - Curators $0.01, 0.00 TRX
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     8 years ago 

    Steem Power, because it rewards you for holding it!

    $0.12
    • Past Payouts $0.12, 0.00 TRX
    • - Author $0.10, 0.00 TRX
    • - Curators $0.03, 0.00 TRX
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     8 years ago 

    So true I even think its much better then simply just storing your bitcoin or any other altcoin, as for Steem your earnings build up daily!😃

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     8 years ago 

    its just like stock shares .... you keep holding them you get paid dividends

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