Why is the Dollar value of Steem trade volume so low??
In Samupaha's post he claims that "Explanation is simple: There are not that much liquid steems."
But as we all know by now, the number of liquid tokens does not affect the value of the trade volume. If there were 5x as many bitcoins would the trade volume in dollar terms be any different? no. The value of a bitcoin would be 5x less and the number of bitcoins traded would be 5x more.
Why is the Dollar value of Steem trade volume so low??. Personally I think Steem is fascinating and cool. I'm a little concerned about the way the tokens are being distributed but I think it'll be somewhere between decent and spectacular. Having a volume so wildly low stuns me. I think it's just the lack of exchanges.
Definitely cool that it is attracting more people to OpenLedger though, which in my opinion is clearly the best exchange out there.
Just wanted to make a historical marker here:
STEEM
vol- $1824
price-$.195
supply-66,355,760
I'll upvote comments that I think 'splain.
