The development was very controversial at the beginning. Many in the crypto scene believed that the project was nothing more than a big hoax and that the whole thing was just a pyramid selling system where in the end only the makers would profit. They fought against such an accusation. The concept of Ste em Power’s long-term commitment was introduced precisely in order to bring about long-term growth and encourage users not to sell their dollars immediately. This is to build a solid user base and avoid a flash in the pan.
The Steem Dollar’s peg to the real dollar seems similarly thought through by the Bitcoin trader
This raises the legitimate question as to what the crypto currency should actually be worth and thus also the content that is evaluated on the Bitcoin trader platform. The link to the dollar gives Bitcoin trader the opportunity to generate some profit. Paying a dividend may also give an incentive to buy Ste em Coin in order to trade it who are not familiar with trading in crypto currencies.
One problem that development still has to face is the excessive hoarding of the crypto currency. Individual users could accumulate too much “power” and thus exert too much influence on steemites. Another problem is the inflation of the crypto currency. Over time, uploading content could hardly be worth it, because the coins earned are constantly losing value. At the same time, these coins are distributed to a steadily growing number of users. This is also important for a forecast: the number of users is growing, but still far behind that of other social media. There is still a lot of potential hidden here.
Steem Coin Price – Development – Forecast
The Steem Coin has been available since 2016. Initially, the crypto currency was quoted at 0.5 to 0.6 euros per coin. In July 2016, the price gained a good 2 to 3 euros and remained in this range for several days. Thereafter, the value of the Steem crypto currency slowly fell again until it had reached about 10 cents in October 2016.
From November 2016 to April 2017, the price was quoted between 10 and 20 cents. In May of the same year, the price moved consistently towards the 1 euro, and in June it finally traded between 1 and 2 euros. The price then fell again, but remained around 1 euro per coin, which meant that the crypto currency traded much better for several months than in the same period of the previous year.
In December, things got even better and the price rose rapidly. First it was only 3 Euro, in January 2018 the price suddenly quoted up to 5 Euro for several days. After that, the price fell again, but was able to hold at over 2 euros.
Despite the aforementioned concerns, a Steem Coin forecast for the next few years looks pretty good, traders seem to be interested in the crypto currency and are willing to invest in it. The price could very well rise if Steemit were to become much better known.
Create Steem Coin Wallet
There is no such thing as an official wallet. Earned Ste/em coins can be stored on the account of Steemit. If you still want a real Steem Wallet, there are alternatives like eSteem or Busy.
Where can I buy the Steem Coin?
You can buy the coin on exchange exchanges like Bittrex, Poloniex, HitBTC, Tidex and Livecoin. Usually you have to trade them for Bitcoins or Ether.
Conclusion Steem Coin
Steemite could become very big if even more people discover the platform for themselves. The developers certainly don’t lack bad ideas and the interest of the traders is already there.
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