Open Discussion: What are the best practices to increase the value of Steem?
I began collecting my first Steem rewards, thinking to convert them back to USD, I checked the value of Steem and it had a nice .20 cents appreciation over the USD. Then I went to check the history of Steem, and noticed that at some point last year it was around 4 USD per Steem.
What causes the value of Steem to increase and what can I do as best practices to insure its steady climb as a cryptocurrency?
thank you for participating and for the feedback.
1. More active Steemit accounts with people that are willing to power up
2. Steem should be accessable on more exchanges/markets - for that people can sign petitions asking exchanges to add steem to their sites.
3. Steem should be advertised on social media like Facebook and Twitter, not only by devs but also by normal users.
I think these 3 steps could help Steem price evolve to new levels very well. What do you think?
Upvoted and commented by @lifipp a.k.a Hash Courier - author of weekly articles about cryptocurrency world.
hi @lifipp and thanks for the suggestions.
I will always choose to power up my rewards and only power down when Steem hits 4+ dollars again.
what is the most effective process of asking exchanges to include steem? Can I contact my Shapeshiter wallet and ask them to add it? or is there a more effective organized effort we can take as a community? strength in numbers
I push steem articles into Social media, however I think a lot of people are still a little scared of what it is. I think time and more quality content will solve this issue.
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