We determine the true value of a cryptocurrency by how many of us are actually using it because users are what provide the value for all of the top companies and applications in the world. Cryptocurrencies with a high market cap and a small amount of users are the worst potential investments while those with many users and lesser valuation are the best opportunities to not only earn a return but also participate and build the community! Thank you @glitterfart for showing me the data I use for this at http://www.blocktivity.info/.
This is the first question I am answering live during episode #1 of The Jerry Banfield Show which I am abbreviating TJBS. Will we enjoy questions and answers together while making music during episode #1 of The Jerry Banfield Show because this simple format might help us interact best?
My live stream was at DLive
The replay is also available on YouTube below!
Thank you to Steem as seen at https://steemit.com/@jerrybanfield for giving me the chance to be here with you today and earn enough from my blog to work full time from home doing whatever is most helpful today!
The Jerry Banfield Show is presented live on the Steem blockchain, YouTube, Facebook, Twitch, and Mixer at
https://www.dlive.io/#/@jerrybanfield
https://www.youtube.com/jerrybanfield
https://www.facebook.com/jbanfield
https://mixer.com/JerryBanfield
To contact me when the show is offline, visit https://jerrybanfield.com/contact/.
The best way to follow me online is with my blog at https://steemit.com/@jerrybanfield.
If you want to stay updated via email, will you sign up either to get new emails daily at http://jerry.tips/steemposts or join at http://jerry.tips/emaillist1017 to get an email once a week with highlights?
Music Studio!
I love music and the show takes place in my music studio! Listening to instrumental music like this is fun because the sounds stimulate the mind and at the same time provide a rest from our world of constant talking. Tomas George with digital music masters at http://digitalmusicmasters.com helped me discover this and gave me the information, confidence, and mentor I needed to produce music with no experience starting in 2017. Tomas recommended I listen to Deadmau5 who has become my teacher in making trance music that helps me relax, play, dance, and reconnect with my divinity when my soul feels lost in fear and future.
All of my music is Creative Commons Zero or CC0 meaning you are welcome to do anything with any song without any need to mention me. For example, you are welcome to play this in a live stream, as background music in a video, etc.
Love,
Jerry Banfield
My live stream is at DLive
Good stuff ! Thanks for posting
Quite fantastic
So does that mean Ripple coin which has high market cap with low users should be invested?
What's the bestcoin?
Please assist a novice
Your CC0 license is such a good idea; I wish more people would realize how giving to a community is so much more powerful than demanding payback. Payback usually comes on its own. 😃
Maybe it's his great way to make people listen his music!?
Well said @geke.
Truly concur with you, selfless giving really portrays the true patriots in a platform, and such people usually attain the zenith of their goal in shorter time.
The spirit of giving really works.
The number of sales and purchases can determine a cryptocurrency, together with the price of bitcoin
Hello @jerrybanfield, love your work! I'm trying to reach you with this comment...
I have done a proposal about Steem growth.
Would love to have some feedback from you and @budget.
I have project called GUIA DO STEEMIT (Steem Guide).
I'm really committed to this mission.
I would be so happy if you took some time to read my budget proposal post: https://steemit.com/budget/@rhavi/promoting-steemit-educational-videos-on-facebook-for-the-portuguese-speaking-community-budget-proposal
Hoping you will see this comment...
Cheers, with love <3
Rhavi
Love your content
wow the block'tivity website is really useful and steem in number 1 thanks for the link!
I always find your posts useful thanks for sharing
Absolutely agree. The rate of growth and addition of new users is the nest metric to discern the medium and long term value of a user-based asset; including even Bitcoins.
I posted about this using some math-based derivations in a paper some months ago part of which was summarized here:
https://steemit.com/bitcoin/@kenraphael/a-review-of-a-few-fundamental-metrices-that-drive-bitcoin-value-and-what-they-currently-indicate
@jerrybanfield I posted an educational piece here after a few newbies that got encouraged into crypto fell for the non-fundamental hype that passes for analysis these days. Would appreciate you take on it:
https://steemit.com/bitcoin/@kenraphael/the-2018-cryptocurrency-market-correction-has-shown-most-of-the-trading-analysis-on-social-media-ineffective-in-a-bear-market-a
Economic equilibrium, where supply and demand are balanced.
Currently crypto-currency markets are quite illiquid. This makes the price of bitcoin and other cryptos fluctuate a lot. The uncertainty around them does not help either. Regulation, technical challenges, reputational issues and other factors make the supply and demand unpredictable.
Based on what does the price go up or down? I would say it is based on people's expectations. If they expect the price of bitcoin to increase due to a utility increase over time (more merchants accept it, transaction volume grows, there is a larger ecosystem of developers building on top of it...) there will be a rise on demand, and assuming that the supply does not increase in the same proportion, the price will go up. On the contrary, if the utility decreases (mobile platforms block crypto apps, technical issues arise, governments ban them, exchange markets get shut down...) the demand will decrease, the supply will increase (more people willing to sell) and the price will go down.
In the long term their value will be determined by their utility (adoption by merchants and other users, significant advantages with respect to other forms of payment...), liquidity (exchange markets, interchangeability with other forms of value...) and trust (reputation, regulation, adoption by trusted institutions...).
Lately, it is very important to learn to estimate the true value of cryptocurrencies. The recent hype can make some of us invest in coins that don't have either any intrinsic value or even a medium-term growth potential. Hope that many rash investors learn this from @jerrybanfield before investing in the "hottest" coins :)
up-vote from @steem-bd community
i like your post. i wait for your next post carry @bijoy123
good content! :D like / followback my dlives stream too! live NOW
amazing dlive music post thank for shearing
thank you for the sugestions and informations
@jerry I am watching ur youtube video evryday but i am getting nathng from u so can u upvote my coment atlst i can get something from you😂😂
Exactly what I said he barely upvotes comments
I think all his upvotes go to his bot, meaning they are given out by his bot. That's my impression anyway.
I never heard about blocktivity.info before, a very interesting way to value crypto based on transactions, thanks!
Sir your great, I would like too say you thanks for everything.
I respect you. You can write everything pretty well.
I find the sweetness in your writing.
You are an outstanding personality.
Thanks for all your activities.
You made an amazing post ! Upvoted ffollowed you.rom @antobrampu. I
Sir your great, keep you posting and you Dlive
i am @nadiasteem
Woooo good post brather
Educative!
excellent post.......i like your every post..............
Will definitely check your website out. Would like to learn a thing or two from you @jerrybanfield
Truly, Cryptocurrencies with a high market cap and a small amount of users are the worst potential investments .And indeed ,those with many users and lesser valuation are the best opportunities to not only earn a return but also participate and build the community! .thanks for this great insight about how to choose area of investment.i really appreciate.
Also, cryptocurrencies with high number of merchants accepting it for exchange of goods or services like bitcion, eth, and so on are good coin
wow good post
Thank you suggestions and informasion
Interesting idea jerry i like you post and the sound track your made with be nice if you make tournament for a coin pick.too see which coin has a great community
is it possible to listen you on discord channel also?
your new live show will be a hit , when you say true value , can somone help me in understanding about why the value of steem swings with that of BTC.
like is there any correlation or my numbers game is week @jerrybanfield
Thank you very much for the information. Good post @jerrybanfield.. can you help me follow and vote me @hendrimirza
So does this mean that the more the platform upvotes occur the more STEEM will be valued? Since that means there are more transactions taking place?
Thanks for sharing this @jerrybanfield. I generally apply microeconomics to determine intrinsic value.. Not sure if it's something you're hugely interested in, but I'm working on a big article about it (more than 15 A4 pages), I was planning to charge for it but I may share it on Steemit if there is enough of an audience.
Luke as I answered in the live stream I would love to see this on Steem and many of us will be happy to upvote it!
Thanks Jerry, apologies I actually had to leave the live stream as I had some work to do. I'll start thinking about what I will share about it - I might release it in chunks, as I'll have to consult my colleague that I'm working on it with! I'm happy to answer any questions that anyone has in the meantime, Discord is the best place to find me @lukebrn#3369.
At the moment I'm working on getting delegations and building up money for the bloggers hub idea I have for the SSI, but it's definitely something I'll work on over the coming weeks!
Am hoping to learn more about the true values of cryptocurrency in your coming TJBS! Thanks for sharing!
Steemit present us the best opportunities for us in the cryptoverse, imagine with zero investment, now we are in, we see the need to invest time, money (powering up) and resources in it as you top steemian are doing it to keep the steemit blockchain thriving
Hey, I stream PUBG :), make sure to follow, I play tomorrow
nice post
Hey there!
A quick hello and thanks for the sbd and support via your supernatural writing contest.
Wondering how you ever get time to sleep?!
:)
xox
hi. lol
Hello @jerrybanfield
Thank you once again for being a worthy coach!
This is very logically sound. What about the total amount of coin ever to be produced? Does it have any influence on whether a Crypto is good or not?
@eurogee, the founder of @euronation community
And... "active users" are better than just "users." that's why I always keep an eye on how many "active users" of Steemit there are, not just on how many accounts have been created...
I just joined, what ICO did you invest in?
I agree with you about ICOs
your poor ears...
Dance Jerry Dance!
help me. I do not have any.
yes how do witnesses work exactly? and does voting for one count as an upvote?
Nice