You are viewing a single comment's thread from:
RE: Time To Buy Steem $5.42 @senseicat
Buying Steem is theoretically a bad idea as inflation would normally drive the value down by 10% annually. Converting to Steem Power is good. Steem Power gets interest to combat inflation (like buying a US savings bond).
Two benefits of converting to Steem Power:
- it gives access to voting pool which helps you earn money blogging and obtaining followers, or you can rent out the voting power and gain additional interest.
- Steemit is expected to explode in popularity like other social media platforms before it. This explosion in popularity will create a demand for Steem that will seriously outpace supply of Steem.
I respectfully disagree with your first sentence. Steem is an excellent buy at the current price given that I believe that the cryptocurrency market cap will easily hit the trillions. I understand and agree that SP has exceptional benefits and see significant overall value in steem and SP.