We have all seen the value of Steem drop, and I have seen a number of posts blaming the price drop on whales selling up.
That may be a small part of the issue, but what is needed to remedy this is an increase in people purchasing Steem.
The higher the demand for Steem will see a rise in prices, as we have seen with Bitcoin lately.
I know purchasing Steem for a new person to the crypto market is a daunting process:
You have to create a Bitcoin Wallet, register an account with a trader, purchase Bitcoin, transfer to your wallet, trade for Steem through Blocktrades hoping you haven't made an error in the convoluted process.
This really needs to be simplified!
Imagine if we could purchase Steem straight through Blocktrades by just using Paypal, Credit Card or a Bank deposit.
This would make Steem so much more accessible to the ordinary folk and take out the expensive, convoluted trading process.
Something for the Developers of Steemit and Blocktrades to consider for the future growth of Steem.
I need to try this!
I think I will try this!
It is indeed a big proces of things to do
This too long process of purchasing steems to be cut in order to increase the demand for steam in the future.
It is well worth the invest from what I can see on your end. Thank you!
The idea is great but, PayPal and credit card a as a whole they don't want to lose the game if they alow a transaction and I mean purchase a crypto currency they are automatically loosing their business in the future, although there are small holes or Grey areas that let you purchase crypto currencies. Your idea is great the implementation is not that easy. Maybe bitshares would be a good solution, partnership with a central entity is key for this implementation.
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It's faster, but I think it has a bit more fee than using the market. I could be wrong though.
Thanks for posting :)
Not too sure of the fees, but if Blocktrades could incorporate purchasing Steem through PayPal or Credit Card, it would make the whole process a lot simpler for those just starting out in their crypto journey. Keep the fees reasonable and it will create a demand.
This post received a 2.4% upvote from @randowhale thanks to @prime-cleric! For more information, click here!
marrad
No Upvote or Resteem, obviously a lying Bot, FLAGGED
editing your comment does not change the facts, stop lying by making these comments, otherwise you will be FLAGGED off Steemit.
@naveedsarwar also plagiarises constantly, any content he posts is not his. I have been reporting his posts and flagging his account for a while, though he isn't a bot.
This post received a 2% upvote from @randowhale thanks to @prime-cleric! For more information, click here!