Promoting STEEM - The Irrelevant price - Brainstorming

in #steem5 years ago

The irrelevant price of steem.

While Bitcoin seems to stabilize around the 3700 - 3900 $ USD, steem seems to trace its own path. The price of steem is stabilizing around the 0.38 - 0.40 cents and for the first time, this fact is obviously not directly related to the Bitcoin's activity. Unlike most of cryptos, steem seems to generate value by itself within the cryptoeconomy. This is the most important reality for the steem ecosystem, it is the first proof of real value generated by a real product or work of a virtual web community on the top of a decentralized blockchain. It comes to a new dimension, literally.

Nevertheless, it's up to the community's will to strengthen the uptrend. Activity, promotion, a constant and essential presence on the top of the web happenings, that's what we need to do now. Focusing on these axes we can reach a higher level of credibility among the traditional users of centralized social media. Trust is the right word, and in my humble opinion trust is what missing somewhere among social media users that are still hesitant to migrate towards a decentralized social media environment. Even the fact that they can be rewarded for their contribution, posts, comments etc, sometimes is not enough for attracting new people.

Talking about the steem blockchain with friends in real everyday life is also a way to spread the idea of decentralized social media, explaining its pros, and the significant differences compared to the centralized social media.

As about the price of steem, it's obvious that there is an extra demand, which has nothing to do with the behaving of the king Bitcoin. The right momentum for experienced speculators also, but... it is not that easy to speculate with steem because of its structure and the fact that its real value is always the proof of work and creative activity of the steem blockchain community. This value is not easy to be invested for speculative purposes. In other words, as long as the data traffic is not controlled by a centralized service provider, the steem coin cannot be easily pumped, dumped or simply manipulated by specialized traders. Even in the case of massive sell, which occurs a sudden crash of the steem price, for example, the community will respond by buying massively at low prices - which is already happened, when steem was at 0.26 cents and lower, not massively but enough for maintaining the price at that attractive level. At least this should be the collective reflex.

End of Brainstorming - part I - to be continued

Thanks for reading this excerpt of my brainstorming recent activity. Be aware that this is not financial advice but just my personal point of view and evaluation which might be totally wrong. Do always you own research and trust your own conclusions. After all, you are the Banker now, isn't?

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