Author Topic: Should You Add Steem to Your Portfolio? (Read 2638 times)

Domithra · « **on:** March 17, 2018, 11:45:12 AM »

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The value of STEEM is closely tied to the success of the Steemit platform. While there have been questions about the legitimacy of the Steemit platform with some critical users referring to it as a Ponzi scheme, Steemit has managed to onboard over half a million users since its launch in 2016, which shows the potential that Steemit has as an incentivized social media network. Furthermore, Block’tivity indicates that Steem’s blockchain has the highest activity score, with more transactions than Bitcoin and Ethereum combined.

If Steemit manages to keep its leadership position as the go-to get-paid-to-post content creation platform and manages to establish itself as a reputable global social media network, then STEEM tokens will most likely be worth a multiple of where they are trading now.

Having said that, social networking is a very competitive market with well-funded players, such as Facebook, which could easily change their business model to also reward their user bases for interacting with their platform. At this point, it would be tough for Steemit to compete and the value of its digital token would eventually decline.

Investing in STEEM – like all altcoins – is a very risky affair. However, STEEM is a token with a lot of upside potential as its underlying platform is still the market leader in a highly popular new market segment that has the potential to witness increasing demand in the future. Therefore, by investing in Steem, you are indirectly investing in the future success of the Steemit platform. If you believe Steemit will succeed, then adding some STEEM to your digital asset portfolio makes sense.

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Ikkelins · « **Reply #1 on:** April 26, 2018, 01:47:29 PM »

Steemit might not have been in the system for long a time but with the platform that STEEMIT has put up i trust it will be a reliable platform in the near future. They have a very user friendly interface and the level of security within their system is amazing. Amongst them is their cheetah bot which curbs the rate of plagiarism on the platform. this is the main reason why authors these days like to post their articles and other work unto steemit other than other platform.

Analyst · « **Reply #2 on:** April 27, 2018, 05:22:03 PM »

It is one of few projects that actually have a working platform. I would recommend it.

Lynalyn · « **Reply #3 on:** May 05, 2018, 04:21:08 AM »

It is very good platform with better systems and mechanisms in place to functoin smoothly

junebride · « **Reply #4 on:** July 23, 2018, 02:16:22 PM »

I highly recommend steem. I know the value had decreased significantly these past months but the people within the platform are positive the amount will emerge back or perhaps pass what it had reached from last year.

frimpongtissue7 · « **Reply #5 on:** September 15, 2018, 04:48:02 AM »

Definitely. Looking at how steemit is gradually being used by a lot of people, there is nothing wrong if you add steem to your portfolio

whitenem · « **Reply #6 on:** December 28, 2023, 03:07:02 PM »

It is very good to add the best coins for investment than steem. There are no updates for its development. So chances of this coin making high profits in the future are very low. binance and ethereum are great coins to add to your portfolio.