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RE: STEEM is a Highly Undervalued Cryptocurrency
I love Steem but the problem for me is that it keeps losing value against King BTC. I don't think SteemPower enough of an incentive to hold Steem. I pay people with it all the time because I like how fast it is and the zero transaction fees. Resteemed
True. I'm reluctant to buy STEEM because history has proven that my money will be worth more if left in BTC.
Maybe when (if?) the Bitcoin rocketship slows down things will change.
Thanks for the resteem!
Do you think it's possible that having steem, steem power, and steem dollars confuses people and causes them to shy away from investing in steem?
I believe the distinction between STEEM and SBD is hard to understand if you haven't read the whitepaper. That might scare away some potential investors. But I don't think Steem Power causes any confusion since it isn't a trade-able token. Investors who are getting on board from exchanges may not even be aware of its existence.
It is a problem.
Steem was my first experience with crypto currency and every time I try to explain the currency idea of steem to friends, and I say, "well, there are actually two currencies, steem and steem dollars," I lose people. Hard enough to explain one.
They are a little confusing, but totally necessary in my opinion. They all play an important role within the blockchain
I agree. I can see the need for all three, I just think it is difficult for an outsider, potential investor, to understand the relationship between the three, and just decide to invest in something else.
Yeh you're right I'm sure some people are put off by it
With the current correction of Bitcoin and the fact that it has many disadvantages over Steem and other currencies, I don't tend to think that Bitcoin will lead the market for more time. It is decreasing in capital dominance, currently staying around 50% and it seems to go down. Maybe in future wi will see Bitcoin being an altcoin, who can tell?