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RE: Why Steem is an Undervalued Precious Gem

in #investing7 years ago

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.

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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.

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