#steem

Steem Feels Very Undervalued

Okay as a steem holder I am obviously very bias. And I know people will say things like there is no such thing as undervalued or overvalued the price is what the price is and the market decides. That being said I think steem feels very undervalued. What am I basing this on? The price of Ethereum.

Steem is a blockchain just like ethereum. You can make dapps on it and it is open source so any developer can join in the fun. We now have a pretty sweet keychain wallet which will make third party dapps easier to use and we scale well especially compared to other blockchains. Sure we do not have the numbers of programmers working on a project like ethereum does or the reach but still steem is a solid blockchain that has a lot of potential.

If you directly compare it to ethereum we have three times their supply. But we are not a third of their price. If we were we would be at $100. That sounds high but it really isn't that crazy. But instead we are at $0.34. We have one of the most successful social media/content sites in the crypto space and have the capabilities of eth and we are at this time below a dollar. I'm not saying we should pass ethereu but we are not a coin that should be in the 70s on the market cap list.

I don't know why. And I know we had a bit of a bad rap with steemit but I think we can turn it around. Look at at all the great sites popping up that use the steem blockchain. Look at the games that are coming. It might take months before we gain some traction but we are heading in the right direction.

In the future there can be hundreds of dapps running on this blockchain and we can run some really great social media sites that excel in specific types of media. Plus there is communities coming and the ad revenue should really help increase the value.

Like always this is not financial advice. But I really think we are undervalued at this price. We should at least be worth $5-10 dollars or even $2-3 in this alt slump.

Am I crazy? Or has the world not caught up yet?

Comments · 17

@coinchaos(63)· 2600d
Ethereum does not have bid bots.
@arcange(79)· 2602d
Congratulations @whatageek! Your post was mentioned in the Steem Hit Parade in the following category:
- Pending payout - Ranked 9 with $ 72,39
@grafficmusick(42)· 2602d
Yeah I agree

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@louislawren(51)· 2603d
I think all the hard work down on the steem blockchain will be rewarded in no time we might see price jump in the coming months as steem-engine is really doing a great job with the ability for communities to create there own tokens on top the steem block chain! Wat a time to be blogging on the steem blockchain keep filling your bags the rocket is about to take off to the moon
@omrfrq18(43)· 2603d
Thanks for this post.
@alexs1320(72)· 2603d

Steem is a blockchain just like ethereum

...and other 2000 chains

Sure we do not have the numbers of programmers working on a project like ethereum does

And no vision how to pursue them to use it

We have one of the most successful social media/content sites in the crypto space

With the base of users that is constantly shrinking

I don't know why

Bacause one can not be Peter Pan, forever a boy with potential. You either deliver something useful or die off.

I think we can turn it around

We, here, commening - no. No way. Those with millions of SP - yes, but they have IQ of about 70-85 in most cases.

Look at the games that are coming

Played by those already on Steem(it), not by outsiders

but we are heading in the right direction.

No, there is either no direction or highway to hell

In the future there can be hundreds of dapps running on this blockchain

WHY?! This is the key question. WHY?! People who can blog and earn, can blog and earn. Those apps good enough to earn, can earn. Why do they need BlockChain and Steem?

ad revenue should really help increase the value.

The very first revenue from ads and -50% vs BTC - in the same month

We should at least be worth $5-10 dollars or even $2-3 in this alt slump.

3$ per Steem = 1 Billion Market Cap. Why would a chain with 1 succesfull platform, Steemit, with 10.000 users would be evaluated at 1.000.000.000

It's 100.000 per ~~Ferrari~~, sorry, per user.

I think it's over-valued and I think that total market cap will become lower.
@neuerko(72)· 2603d
With a good marketing plan, all this new communities and some luck, we will be at $2.00 next year.

Or at least that's what I hope....

Have a nice day.

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@stimp1024(76)· 2603d
Having bought into to Steem at 4x the price we are at now I would certainly agree with your statement. We seem to be bouncing about at that same price whilst BTC has nearly 4x over the last few months. Would like to see Steem at least double or 3x what it is now for sure. I too am hoping all of the Dapps will help make that happen.
@whatsup(76)· 2603d
I think we have some real value, but to be fair I also think we haven't capitalized on that value yet. What I would say is we have a good base to grow on.

While we do have many great apps and a great community, we have not stopped endusers, haejin and others from devaluing our investment. It's like having a really nice store, but not fighting shoplifters.

Also we've done almost no marketing, so it's like having a really nice store in an unusual neighborhood, but not telling anyone we are there.

Also our largest partner, SteemIt Inc is selling 800k Steem a month, so it is also like having a great store but your partner owns a lot more stock than you and keeps selling.

While I agree we are building a great foundation, we really need to get the NewSteem attitude out there in the world and let people know we are here and open for business. We have to fight bad actors and if we can raise the price and demand maybe we can offset SteemIt Inc.'s selling.
@mehta(77)· 2603d
I think this is because the post rewards are very much dependent on big whales. If you post something that is not liked by whales they will blacklist and downvotes you. They have their own rules and regulation by different whale. For new comers this will gives bad impressions and they move away from steemit. and spread negative words in market. Over a time this is increasing and increasing. One of the factor.
@lokiyngling(69)· 2603d
That's Amazing!
@lookplz(63)· 2603d

Look at at all the great sites popping up that use the steem blockchain. Look at the games that are coming. It might take months before we gain some traction but we are heading in the right direction.

These are some of the big reasons I see potential in higher prices for the future when it comes to steem. There is so much going on with it and revolving around it, that traction is bound to build soon and the price will see a rise.

One thing I see being talked about a lot is how all of these dapps are starting to develop their own tokens and such and that that could draw capital away from steem directly, but I don’t honestly see that happening. With things such as steem-engine using steem as the trading pair for all of the tokens on there, if anything, I see that giving steem a boost instead of a dip. Having the ability to trade it as a pair with all the other coins, gives it that versatility and real application that we love to see. It goes hand in hand with the growth of these other steem-based or steem-derived tokens. Just my thoughts on things. I think steem is great and getting better. I may not have been here long, but I’ve found a lot of good in this place and I don’t see that positive force going anywhere any time soon.

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@thepen(47)· 2603d
Steemit is always the busiest DApp:

https://www.stateofthedapps.com/dapps/steemit

So... from my rather limited experience, I would agree that Steem is undervalued.

On the ad revenue ...

I've been collecting BAT for a few months now. I know it's ETH, but it would be nice to be able to exchange that for STEEM... through some sort of tip jar.

Information of BAT:

https://publishers.basicattentiontoken.org/
@newageinv(74)· 2603d
I often think the same as I make similar comparison. You would think that after Ethereum announced they would move towards Proof of Stake it would be even more exciting given how DPOS is proving itself with both EOS and Steem.

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@tsnaks(68)· 2603d
I am just praying steemmonsters gets us new users and does the trick :D

-Not an expert
@oivas(71)· 2603d
Lacks exposure is what I feel. I don't think there is enough knowledge about Steem as a platform. Million odd users won't tip the balance in our favor or improve the price.

But, yes, I do agree all the games and dapps should help, especially, if they are able to attract non-steemians into the equation.

Staying positive!

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@swiftcash(64)· 2603d
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