It's doing barely any transactions per day. Nobody is using it and there is no pattern of growth.
Steem is doing from 1.3 to 1.8 million transactions per day. Depending on how you measure it, it's doing from 18 to 90 times the usage of NEO. If you remove ALL transactions except for transfers, Steem would still be doing 2-3 times as many transactions as NEO.
sir, do u really think that coin's valuation is only based on transaction per hour or per day. i think it is necessary but it is not the decider of valuation of coin. because when bitcoin price is at its peak at that time transaction taking 4 times longer.
@demotruk the value not only come from numbers of transaction or usage,involve many factors,1) Demand,2) Concept,3) Usage,4) Infrastructure,5) Big Community,6) Active admin.Neo have that and more
Any value coming from those other factors would come to be seen in rising usage. Lack of usage (despite plenty of time) is an indication that the perceived value from other factors is illusory.
Imagine a car company produced a brand new car, which was really popular on online forums, there was speculation on the company's stock and even dealers purchasing the car to sell, had great innovative ideas and features... but within 2 years nobody was buying the car to drive themselves. It would mean that the car wasn't really as good as they thought, it would mean they are missing something.
Dont buy that...many steem transactions are from people who have not invested a penny in steem, how many people are reaching into their wallet and buying Steem with their local currency? Since most steemit signups are from third world countries - probably not many,
The argument is a non-sequitur at best because you're missing the big picture. Since 2014 $NEO has been successfully building out an infrastructure that will support 10's if not 100's of thousands of Steemits of the world. Sure, $STEEM is one nice building but #NEO owns the whole continent.
I don't hope for that at all. That would probably require misery for hundreds of millions if not billions of people so that a handful of btc wallets can have more theoretical wealth in fiat terms.
The system needs bigs online retails that accepts cryptos like any other payment method.....Amazon, BestBuy, NewEgg (already has), Target, Bed Bath and Beyond, GAP, etc... that inject trust, especially fresh money and of course that most of the people adopt the technology, not for speculation exclusively (probably 95%), but for the advantages it embeds.
NEO is the true shitcoin
do you really think neo is also a shitcoin? please tell me why u think so? i thought of it as a good investment till now?
@jatinkkalra - I also think it's a great investment if you are a long term holder. Patience will definitely pay off..
You said right brother I also did not understand why he said that neo is a shitcoin
neo is china based coin. it is not shit coin at all. it is best time to enter it now.
Neo is far from a shitcoin, if neo is a shitcoin that god only knows what kind of coin steem is...
@madstacks both Neo and Steem are good potential coins. They are good at their own technology. So we cannot call them as shit coins.
It's doing barely any transactions per day. Nobody is using it and there is no pattern of growth.
Steem is doing from 1.3 to 1.8 million transactions per day. Depending on how you measure it, it's doing from 18 to 90 times the usage of NEO. If you remove ALL transactions except for transfers, Steem would still be doing 2-3 times as many transactions as NEO.
sir, do u really think that coin's valuation is only based on transaction per hour or per day. i think it is necessary but it is not the decider of valuation of coin. because when bitcoin price is at its peak at that time transaction taking 4 times longer.
How many people are using it and how much is the key to value in systems based upon network effect.
@demotruk the value not only come from numbers of transaction or usage,involve many factors,1) Demand,2) Concept,3) Usage,4) Infrastructure,5) Big Community,6) Active admin.Neo have that and more
@demontruk @trasteandolinux only that was my point.
Any value coming from those other factors would come to be seen in rising usage. Lack of usage (despite plenty of time) is an indication that the perceived value from other factors is illusory.
Imagine a car company produced a brand new car, which was really popular on online forums, there was speculation on the company's stock and even dealers purchasing the car to sell, had great innovative ideas and features... but within 2 years nobody was buying the car to drive themselves. It would mean that the car wasn't really as good as they thought, it would mean they are missing something.
@demotruk If that were applicable to all the crypto, why dogecoin does not raise in value Dogecoin have more transactions than Bitcoin Cash,
Dont buy that...many steem transactions are from people who have not invested a penny in steem, how many people are reaching into their wallet and buying Steem with their local currency? Since most steemit signups are from third world countries - probably not many,
@demotruk
That's total (ie. lifetime) transaction count. Steem has done more transactions in the last 2 weeks than NEO has done lifetime.
@demotruk show the grafics and data from transactions steem blockchain
https://steemit.com/statistics/@arcange/steemit-statistics-20180624-en
@demotruk its nice grafic but dont show any information about the source,example my data come from https://neodepot.org/
The source is in the post I linked. They are queries to steemsql, which is a SQL Server replication of data on Steem blockchain.
https://blocktivity.info/
@demotruk
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demotruk
Not sure how that chart contradicts what I wrote.
@demotruk Only show the activity from neo blockchain,you can show me data from steem blockchain.
Check out @arcange's posts for Steem blockchain activity.
The argument is a non-sequitur at best because you're missing the big picture. Since 2014 $NEO has been successfully building out an infrastructure that will support 10's if not 100's of thousands of Steemits of the world. Sure, $STEEM is one nice building but #NEO owns the whole continent.
Neos legit dw
delete
https://steemit.com/bitcoin/@noorsamad/bitcoin-is-going-up
@noorsamad How much it will hit this Year ??
Any Idea ??
Hopefully, it will break its previous record of 20K$
I don't hope for that at all. That would probably require misery for hundreds of millions if not billions of people so that a handful of btc wallets can have more theoretical wealth in fiat terms.
@noorsamad I think it is hit aware ATH and of year and it is last dip
I hope it will be on moon soon
hodl till the doc is coming
The system needs bigs online retails that accepts cryptos like any other payment method.....Amazon, BestBuy, NewEgg (already has), Target, Bed Bath and Beyond, GAP, etc... that inject trust, especially fresh money and of course that most of the people adopt the technology, not for speculation exclusively (probably 95%), but for the advantages it embeds.
Sir crypto is UP what are u saying.Bitcoin is up $6,177.57 USD (4.70%).
it's "down" for all the wage slaves and /biz/tards that bought in when BTC was at 20k
Do you really think that neo is a shitcoin ?
Please share your view about my question...Do u really think neo is a shitcoin??
very intresting and funny...