RE: @freedom Can Single-Handedly Boost the Price of STEEM and The Market Ranking
well, its not about the money as we all know, its been quite a wile since i went drooling over that account. I doubt its still more than five million dollar in fiat value atm, but im not sure there, to up the price you would need fiat dollar to buy steem with , if you have seven or more million steem (in one account, i consider THAT to be the craziest idea ever, a few million bucks behind one single password???!?) then technically you have the power to bring the price down by selling en masse while powering down. I never seen it post but i dont really go around checking all that out. I don't know who they are and it's their money and their prerogative.
What does stand to reason is that a higher steemprice ofcourse benefits the major stakeholders even more,
although that is debatable too because at current prices only the really high-powered accounts have votes that are actually worth something. . . .
it's a free market and no matter what the already-rich content paladins say : if there's money to be had it WILL be about the money, wether you like it or not.
What steem needs is outside money, like any economic eco-system. The input has to come bottom up, that means investors, and i still think the best case can be made for BIG-advertising money, just like flixxo has, coca and pepsi cola, greenpeace , paco rabane, kenzo, that's their base for giving free crypto : you choose to watch ads -> you get a little something.
I have no idea why no one of the super-marketeers here has EVER brought in a major account, all they do is talk a lot about how you should promote YOURSELF while actually promoting themselves and about onboarding people while actually never brining in anything major at all so as far as the skillset goes i have my doubts there (and i personally KNOW for a fact that i suck at marketing)
but that is where the money is, that , and the 1% here (which is a statistical norm all across the board) deciding to sell at $5-$6 instead of $0.5 - $1 (better at$10, i think steem would sit nice at former ETC level)
cos the margin they get on selling off a whole batch is the same, it just takes more fiat volume, which they have, ofcourse if its caught in a higher price then the noise trading costs more, and at lower levels you can get exactly the same profit margin while keeping way less assets locked down in one single item.
But that's goodwill, and unlike most people here i don't pretend to believe in the goodwill of standard most humans. It's greed and that's that, the need for a 13th lambo is keeping the rest of us down, that's all there is to that but
...
there i go again, it must be night time ...i actually slept some.
If @freedom wants to help (and themselves) i say they put out a contest to see who can bring in the biggest account and reward the ones who do with a nice wad of steemcash :)
the road to sustainability ...
You doubt the power of exchanges.
I'm not asking @freedom to power down and sell on exchanges. @freedom makes passive income from delegating his/her SP.
When price is low, the STEEM ecosystem is not as profitable. Renting delegation thus becomes cheaper and ROI for @freedom goes down. Also, the value of @freedom's holdings are low when the price is low. Investors can come in and buy up cheap and do what @freedom does and cut into his/her business. It is in the best interest of @freedom to have the STEEM ecosystem healthy, profitable, and the price high to keep ROI high and limit investors from cutting into his/her business.
Also, bringing outside investors to STEEM to power up thins the reward pool and also cuts into profits for everyone. That indirectly affects @freedom's bottom line. For that reason, I can't imagine that @freedom would support a contest to see who can bring in the biggest account.
In terms of numbers, single exchanges have orders of magnitude of MAU vs the the entire STEEM MAU. Did you notice the huge jump in STEEM and SBD price? That is NOT caused by investors, @ned showing, or users powering up. Believe me I know, I study it every single day. The reason is the simple fact that news of unfreezing STEEM wallets on Bithumb. If you could read Korean, you would see that there is a bunch of talk about it. Just based on that news alone STEEM price has shot up. In fact, UpBit exchange has taken over the STEEM and SBD trading volume by 4 to 5 times of Binance. UpBit is the Korean language only exchange. Bithumb had these wallets frozen for a long time. The news of unfreezing of those wallets has a similar effect as if the exchange was going to list the coin for the very first time. Any time a currency is listed on a major exchange, it is like a shot of steroids for the coin.
listing on smaller exchanges can have the same effect if several small exchanges were to list the coin.
I've also watched accounts like theycallmedan where they show up with tons of money and power up all while price continues to fall. So by that, you should be able to gauge minimum investment that would be needed to make a difference. It would have to be massive. With that said, I do agree with you that investors and huge advertisements could make an improvement as long as there are serious amounts of money and massive advertisement campaign. The question is how are you going to make that happen? I don't know. I do know that @freedom can cover the cost of exchange listings and it will improve his/her bottom line. That is something that is realistic.