RE: Steem's superiority won't go unnoticed for much longer...
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I always wonder why not someone with deep pocket buy $10M worth of Steem and spend $1M in marketing, his stash could be $100M in no time considering the marketcap of ETH, EOS or TRON.
I wish I could be that guy!!!!
From my personal example, when I thirst thought about buying BTC it was $32 a piece in February, 2013. In last 6 years. I have invested $45K in cryptocurrency.
If miraculously I would have bought BTC with $45K on that time, then I could have 1400 BTC at my hand. With 1400 BTC, I could have buy 80M Steem or 80% of the liquid Steem from the exchange at current price of 17 cents. However, buying large amount of Steem from exchange will send Steem to a higher value. With strategy of sell walls, a large amount of Steem can be bought cheaply too.
Posted via Steemleo
10 mill huh? A purchase like that needs massive sell walls and time or it would drive the price up in no time and investors wanna jump in when prices are low and people panic sell.
I think that the SPS could support a marketing campaign if a proper proposal was submitted...
Yes, it would be hard but doable.
But the missing opportunity still alludes me. I have wondered for more than three years why people like Winklevoss twins, Roger Ver (has account), even Charlie Shrem (was a witess) or early BTC/ETH/XRP whales take stake in Steem. They should have understand the opportunity being early adopters. Steem is banging all cylinders as a successful blockchain but (big) investors are just ignoring.
I hope SPS will come out. It will be more like DASH's Proposal System which helped it to promote a lot.
Posted via Steemleo
Dash was what I was thinking of when I first head of SPS. The Dash Treasury turned them into a real beast and if you look at my early posts (I started in mid 2017), you will see me promoting Dash all over the place. But I think getting into STEEM, SMT and all the games and DAPPs can get even better ROI. As an investor that is actually my #1 metric. Therefor I have made STEEM into my biggest bet in my blockchain investments.