Bitcoin Forum

Let's see how long it could maintain being at 3rd place on CMC. I think it will be quite a feat for STEEM to stay at the 3rd place for one year. Do you think it will stay there for a long time or will we see it go down quickly just like the others?

Judging from the hate it is receiving in the forum it has really rattled the cage. :D

honestly i think its too early to start thinking "year"; lets give it a couple of months to warm up!
it came outta nowhere & i'd be really surprised if it managed to maintain its cmc position long term. but its alts and everything is possible!!!

i think they really surprised every body in the industry and people are actually making money here,this can indeed be the next big thing if they can keep up had a post there it's only one post but already made more than $50 on it ,unfortunately I can't cash out yet..

I think we should wait some time before making speculations about the price !

yep but till then benefit from the huge volume of trading and make some profit! ;)

Can somebody of you brethrens put out an article on Steem about Factom?


Factom series A completed at a $29.1 million valuation when FCT is trading at $14.2 million market cap. How long before traders realize that? Last time when it was trading at around $1m market cap it took the market 4 months to catch up to the old $11.8 million valuation. https://bnktothefuture.com/pitches/factom-series-a

Hi. does anyone knows anything about SteemDollars? I can't find  relevant thread. Tnx.

what proportion of coins are available for the public to trade and does coinmarketcap do anything to take this into account?

STEEM is now available for trading in Poloniex. Will we see it continue to rise or will be this be the end of the rise for the time being? I hope we see it rise again.

Now they can manipulate the price on a perpetual uptrend as Ethereum did?

Note apparently the SP power downs are periodic, so perhaps this gives them windows of time when others are not competing too heavily in the float?

this can pretty much replace ethereum, because etheruem is facing that hardfork that may destroy it, and without the shitty pos... so miners can mine forever, unless i'm missing something

but that hack on the website has not done very well to the coin

So how does this work? Will you have to wait a year to claim this value, or does it pay out within a reasonable time frame? I'm curious about STEEM and I'm usually cold about most alts. But was looking at some of the trending stuff, and wondering if those guys were actually about to get the 5k+ value from those postings, and in what time frame.

https://steem.io/
https://steem.io/#whitepaper

Do you really think so? Will Steem overtake Ethereum and be no.2 in coinmarketcap and stay there? I think it will take more to it than that. Steem is only a Reddit copy and anyone can do this idea. But I will not close my mind to it because I might regret it later.

I think steemit right now will fail longterm. I dont see how they can maintain a high enough payment which is the main incentive for recent and future users to be active on their plattform.
Too much problems paired with initial scam sneaky/fast mining - just doesnt look good.

Yeah short term i could see steem going up in price maybe,  it might juat for getting added to poli but the whales might dymp juat as easy.  Either way its no replacement for ethereum and its not a coin that anyone is going to seriously invest in for anything other than short term trading.

SBD or Steem Backed Dollars are now also listed in Poloniex and Bittrex. Steemit it seems is the current leader in cryptocurrency social media.

we can see on buy and sell on every market and i think steem trying to reach its own market, but i do not know how much rate that steem will reach after trying to survive. many predict that steem will be stay for a long time, but who knows what will happen in future.

I think STEEM has the potential to at least momentarily pass up Ethereum. Think about it... Ethereum hard fork, DAO = DOA clusterfuck, What can you currently do with Ethereum? Ethereum has done diddly squat, zilch. Steemit works. Dan has been making smart contracts that actually work for 2 years now (Bitshares DEX and Smartcoins were his first smart contracts).

More importantly, content creators and curators are getting paid and because of that growth is bordering on viral. I got my mom to use Steemit, but I have never been able to get her to use Bitcoin or Litecoin (even though she does hodl as per my advice). Steemit reaches an entirely different user base than what any cryptocurrency has targeted in the past. There are a ton of Steemit users in which this is their first experience with cryptocurrency.

Forget about Ethereum for a second, considering the following market capitalizations, I genuinely think it is a possibility Steem can surpass Bitcoin in market capitalization. I do not take that statement lightly, and that is the first time I have said that about any Alternative Cryptocurrency since I got involved in Bitcoin in 2012.

Facebook: $337 billion
YouTube: $80 billion
Twitter: $12.6 billion
LinkedIn: $25.4 billion
Instagram: $37.0 billion
Reddit: $4.0 billion
Steemit: $337,629,799

See, there's a lot of room for growth. Even if it is a bubble... it could get in the tens of billions of dollars territory before it pops. There is some evidence available that Steemit is bordering on going viral:

https://www.steemimg.com/images/2016/07/19/Postsreplieseditsbb754.png
https://www.steemimg.com/images/2016/07/19/Votesperdaydc95c.png

https://steemit.com/marketing/@dragonho/3-month-steemit-com-it-is-time-to-prepare-some-numbers-so-that-we-can-market-them
https://steemit.com/steemit/@gavvet/where-steemit-adoption-is-going-to-the-mooooon

Being added to Polo will certainly prolong the pump as well. It was just added to Polo 8 hours ago and it already has 1800 BTC in volume in between SD and STEEM.

I think we might see a near term valuation of $1bn which would surpass the Ethereum market cap. The longer term view is more cloudy. The design of incentives will be tested as the network scales.

I think we are somewhere at the top of a bubble, the marketcap is just crazy. I wish the succes for tthe project but the price has to drop.

Ignorant people are still investing in to Steem with the mindset that they can use their Steem Power to get publicity and money from blogging. Once everyone comes to consensus that Steemit is a top-heavy pump and dump economy that only favors the handful at the top, the newbies will stop investing and stop posting. When that happens, bottom will fall out completely, and marketcap will disappear.

when has that ever stopped altcoin buyers? they seem to thrive on the idea of being raped by the people pulling the strings.

I'm selling my earnings as soons as possible... this bubble is about to explode. The numbers dont match, it's all FOMO.

When the majority thinks one thing will happen the opposite usually happens. I have seen this over and over again like the market is playing with my mind leaving me frustrated. But yes to be safe it is better to stay away if you have missed going in at the low price before the rise. But the ones who are timing the market well did a good job trading Steem.

I'v seen this opinion many many times, but how to determine what the majority is thinking? I thing that this rule is more accurate when the coin is forgotten and the price is at the bottom, most of people expect the coin will die and suddenly it's getting pumped. When The coin is pumped liske Steem right now most of people know that it will fall but the ones who are investing are counting to catch some more % before the bubble poops.

good idea but initial distribution is totally awful. a reboot with a better launch is almost a certainty, and STEEM doesn't have enough head-start to overcome the perception of 'greedy founders'

What was the initial distribution because it has just popped up and this is the first I have seen of it and straight to 3rd MCP  :o

a mega stealth/ninja mine from insides and a few lucky guys like smooth who mined a bag and became a 'convert', now the $$ have captured some other big crypto identities by the short hairs too (anonymint, jl777, fluffypony etc), the incentives to enrich early adopters with some degree of 'profile' is warping the common sense of usually sane individuals, we're all human after all. I can't believe these guys have been seduced this quickly, but the $$$ are large I guess. When I saw anonymint flip from criticizing smooth to jumping onboard I realised the extent of the powerful profit incentives STEEM has unearthed. Then I saw jl777 in the SuperNET slack doing the same ... STEEM is a harpie temptress come to seduce the crypto elites

VERY IMPORTANT

What many people don't realize is that STEEM's price is being debased by 100% per annum (https://steem.io/SteemWhitePaper.pdf#page=36). But for STEEM POWER holders this is a 90% reverse-split (http://www.investopedia.com/terms/r/reversesplit.asp), meaning they only debased effectively by 10% per annum.

This means that the price of STEEM could drop to half (decline by -50%) yet the STEEM POWER holders would only see a 5% decline (0.5 × 190% = 95%) in the exchange value of their holdings.

Another example implication is that while the STEEM price remains unchanged, the value of STEEM POWER's holdings are increasing 0.176% per day (1.9^1÷365).

Note that holders of STEEM are being debased by 0.19% per day (2^1÷365), which would also be the loss in the exchange value of STEEM holdings while the STEEM price is constant.

If this is very confusing, then you are not alone. This is difficult to explain.

I think it would have been easier to understand if the token had instead been deflationary where the STEEM needed were take from STEEM accounts instead, so that the price would always be rising. This appears to be another key flaw in the psychological design of Steem that could be corrected with a fork.

Edit:  Steem's inflationary choice somewhat disincentivizes speculators from holding STEEM (at all and instead of STEEM POWER) which might add some demand for STEEM POWER, but also reduces the amount of demand for STEEM where the funding model gets its funds.

that's how FOMO works, you never know when it's gonna drop, but for sure it will drop.
i'm still using steemit and making a few bucks/day and every day i sell my earnings(only steem dollars of course... steem powers would need 2 years...)

Thank you for info , i miss the opportunity to catch some cheap steem but lucky enough to catch some at 43 .

I think it could easily reach a 500,000.00 market cap by this fall if not sooner.   A lot of excitement around it and people are making money..well crypto!  Is this not what we all want, a platform or app that brings newcomers to bitcoin and crypto?

This feels like a replay of Paycoin in some ways.

My analysis thus far:

http://thestringpuller.com/2016/07/a-steeming-bubble/

This topic looks dead, nobody cares about stem price any more

It looks like nobody cares indeed. It's dropping like that

it will never go above eth my friends. eth btc dash are the ultimates.

I am sure that STEEM will get some more attention in the bullish phases. It will be stable and grow up a little bit. But I am ot sure how long this will hold on :)

Of course will never go above, but at least could go back to 1.6-1.8$

I remember the days when summer STEEM 2.2 was worth a dollar and everyone was saying that time STEEM came to the trading view charts there were many who predicted that will soon go for 10$.
But it's been so much time and in relation to the cue ball STEEM has lost more than 90% of the price now is 11.000 sat summer was 80-90.000. Strong fall. It is sad that now almost all the violas, who in may June industry plummeted and not even try to rise.
Honestly don't see what the price steem can grow in the next couple of months. But I hope and expect..

It will be stable and grow up a little bit. A lot of excitement around it and people are making money..well crypto!  Is this not what we all want, a platform or app that brings newcomers to bitcoin and crypto!!!!