How to boost the price of STEEM to over $100
Did you happen to notice that the price of STEEM went up when it is listed on Huobi Exchange?
The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!
Lets put the lack of exchanges concept in perspective. Perhaps you want to buy a new car. You have plenty of Ford, Chevrolet, Toyota, Dodge, Mazda, Volkswagen, Subaru, and Honda dealerships where you live. They speak the same language that you use. However in order to buy a Hyundai, you have to go to another country to buy it and they don't speak your language. There is a high probability that you would not buy a Hyundai.
This is the dilemma with STEEM and SBD. As a currency, if it is not made available everywhere, then people would likely use something else. In comparison to other currencies ranked in the top 50, STEEM and SBD are severely lacking access. When people don't buy it or use it, the currency has little value and thus the price will remain low.
Other currencies have dedicated teams aggressively convincing exchanges to list their coin. STEEM seems to leave that task up to US.
Here is how you can make a difference for Steemit future.
I now have three forms to fill out.
#1
We need to let Poloniex know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the Poloniex example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-get-steem-and-sbd-wallets-working-on-poloniex-let-s-make-steem-great-again
#2
We need to let HitBTC know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the HitBTC example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/let-s-make-steem-great-again
#3
Follow this link to an article I wrote about listing STEEM and SBD on Cobinhood. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-request-steem-sbd-listing-on-cobinhood-exchange-by-socky
Great work you are doing to help get steem and sbd listed on more exchanges,with our help it should only be a matter of time before we see other exchanges listing steem and sbd.i will get my friend @cryptothoughts to resteem too.he also has a lot of followers.the more people that see your posts about this the better.
Resteemed 😁
I hope it moons!
That will be really nice, we could be millionaires
i noticed the value of an 100% vote slightly going down over a course of days for the last days, ... steem won't rise fast since people keep selling it for income, it's not like your classic made-from-air crypto investment here. I think patience will be one of the most important aspects, if huge whales were to dump all at once, it would be like a total market crash, and lots of people would join in on the avalanche, same as a classic pump and dump scheme to get the price up, only in reverse
but that doesn't mean it wont get back, i bet theres TONS of people hurt now because they sold off their btc on a panic reaction last year when it came tumbling. Trading doesn't work if it only goes up forever :)
You might have missed my point. STEEM is not all that usable like other currencies in the top 50. The more exchanges it is on, the more useable it is. Right now there are no major multilingual exchanges that list both SBD and STEEM together. That is a problem because people here get paid in SBD. If you don't know English or Korean, you have extra steps to convert your SBD and your options for exchanges are extremely limited. It becomes a hassle or burden and people don't want their currency to be a burden. Getting SBD and STEEM will drive usership up and the value. There will be no pump and dumps when people store their STEEM in SP because cashing out is a 13 week process. Right now, the majority of STEEM is locked into SP
Total STEEM = 267 Million
Liquid STEEM = 76 Million
That means there is 200 Million STEEM locked away in SP
Due to the extremely low available supply of liquid STEEM, the price is evaluated over $100. The problem is people don't want to use it because it is not available everywhere as a currency should be.
Please help out to get both STEEM and SBD onto exchanges.
mh well i saw the potential of a pension fund due to the system so far once
https://steemit.com/rudyardcatling/@rudyardcatling/actual-uses-of-read-only-ledgers-and-private-wallets-blockchain-as-if-there-aren-t-any-decentralized-pension-fund-edit
in a way it cant be touched or "borrowed from" by big gov
but that still leaves the possibility of people draining it as it goes, which should be okay because i dont believe in the nanny state either
As for the use, i think those obese fish should stick their heads together and find a way to make steem attractive to venture capos without the company needing to go public
its a new world after all so it shouldnt be a problem but i fear the solution will come not from the ones who entered it with money
if anyone comes up with a way to make steem productive in any way at all so it becomes an investment to those who arent spending time daily on making it happen
thats when price can go up seriously
for real
I look forward to a time when steem it so much. I followed you lets build and grow together.
good friend I think the steem is even more important than the dollar steem and in the future will have more value I'll tell you because if you have steem dollar you should buy steem first to buy steem power, now people do not notice much but when they start to release the steem token that will make the steem will rise in price and will remain above the steemdolar
Yes, STEEM is the pinnacle coin. SBD is a pegged coin and is really not intended to be held unless the value is at or less than $1.00. Holding STEEM has no rewards. Holding SP has incredible rewads!
this id a great abalysis. i think this will work if we all work on it. i cant wait to see steen flying high
The analysis gave me spirit to continue to socialize SBD to the community
follow and grow together will made it
Eventually the activity and demand will be impossible to ignore. I think it will be a slow climb, but I think it's a great long term hold.