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RE: STEEM Has Real Value - STEEM is the Most Valuable Cryptocurrency, People Just Don't Know it Yet

in #steem8 years ago

Nice article. The only problem I see is that Upvotes only distribute Tokens. The price of Steem ultimately determines the monetary "value" and I don't see that point adressed: who is buying Steem and why. Even you bought 300 USD only.

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[] Hello @Fabio
I by STEEM, so far I bought around 40,000.000 from Bittrex. Why? Simply because it is as good as anything else you can by if you want to invest. Much better than gold in my opinion. That is my opinion. The future will tell the truth, if I am right or if I am wrong. Why do I think that this is one of the best investment you can do? People produce in this system. And they produce much more than post and replies. Look around, shops start to accept it, spinn offs, apps and much more. In the end of the day it is production that creates wealth.
Regards
Ramta the Viking of Norway

Yeah I "only" bought 300, and? I could have bought 0. What is your point? I think it's better to work and create content to get your SP, rather than buy STEEM to then convert to SP. But I did it early on because I wanted to help Steemit. I was making the point that I saw the value and potential of Steemit early on. People can make their own decisions, as I made mine. I didn't say that I keep buying STEEM to get SP... I don't. The real value come from creating content, not buying coins like all the other altcoins... which is the point of STEEM being the most valuable cryptocurrency, because it has real valuable backing of information as power.

But people need to buy Steem. Otherwise all the content is worthless, right?