In this video, the host examines the current state of the STEEM blockchain, focusing on STEEM's price dynamics and how they compare to SCOT tokens. After a brief disclaimer, he outlines the varied motivations of crypto participants—technology enthusiasts, investors, and community members—and explains that STEEM’s price impacts all of them. He describes how SCOT tokens are purchased with STEEM, creating a relational value that can both support the STEEM economy and, at times, move inversely to STEEM’s price. The discussion covers market‑cap differences, noting that smaller‑cap SCOT projects can yield higher returns than STEEM, which is trading around 12‑13 cents. The host stresses the importance of project governance and community reputation when evaluating SCOT tokens, acknowledging their higher risk due to many being new or unknown projects. He critiques STEEM’s internal mechanisms—rewards pool, inflation, and unpredictable outcomes—that contribute to volatility, and mentions community attempts to create value within STEEM’s shared rewards pool. For traders seeking volatility, SCOT tokens may be more attractive, while STEEM’s utility (resource credits, effectively free transactions) positions it as a money‑like medium for value transfer rather than a speculative asset. The host personally favors investing in SCOT tokens and using STEEM for its utility, arguing that STEEM may stabilize at a low price with high transaction volume, limiting upside for speculators. He suggests that integrating value from SCOT/SMT tokens could eventually stabilize STEEM’s price, but this may take considerable time. The video concludes with a call for viewer opinions and a reminder to like and subscribe.
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Welcome back to the channel. Hope you're having a great day. So today's video was about something that was on my mind, and that was about the current state of affairs with the STEEM blockchain, particularly in regards to the price of STEEM. So, you know, in cryptocurrency, there are gonna be many people wearing different hats in their involvement in cryptocurrency. Some are going to be probably more in line or interested in the technology, whereas some might be more business-minded or investors, and others might just be there for the communities and ideas and the like. And whatever your purpose, the price of STEEM is gonna in some way kind of relate to all of us. So looking at STEEM in relation to SCOT tokens, um, and kind of want to go in the area of which one of these, in my simple opinion at this time, makes the best investment. Now, you know, again, um, yeah, this is not financial advice. Uh, you have to do your own research. This is just my opinion about it, and this is just some of the ideas I have about it. But of course, you know, in this particular industry, especially cryptocurrency, you know, predicting these markets are very difficult. So what you need to do is you basically need to only invest what you can afford to lose and just kind of look at it that way, because we really don't know what's going to happen. Some projects are better than others, but you know, at the— you know, these are still pretty risky investments, so be careful. Now going back to STEEM versus SCOT tokens, well, if we kind of look at them like ERC-20 tokens, it's this relational value between them because what's gonna actually happen is these SCOT tokens will need to, uh, be purchased in Steam. So that basically means that you're helping the Steam economy overall, you're bringing up the value of it. But it is also the case that some of these SCOT tokens will trade adverse to the price of Steam, you know, meaning when Steam goes down, some of them will go up. In some cases, some SCOT tokens based on their individual particular projects and ideas will just totally outperform the STEEM price. There's also the factor of the market capitalization. What's the market cap of these SCOT tokens? Obviously, if it's a smaller market cap and it's a great performing project, it's gonna perform a lot different than what STEAM is going to perform. So what do we do in cases like this? Well, you know, looking at the— how these SCOT tokens trade, some actually are more valuable per token than STEAM itself. And I think what we have to keep in mind is, much like any investment we look at and projects we look at, we have to look at them in particular specifically for what they're doing who's in control of the project, who's managing the project. And I don't think it's any different with SCOT tokens. Uh, you know, I think I can only pretty much conclude that it is probably more likely that an SCOT token can, can raise, uh, up in value, uh, a lot more easier than a STEAM, uh, coin can at this time. Um, you know, STEEM kind of hovering around 12, 13 cents or something like that. Um, you know, with these, uh, I, I guess this might be fair to say, uh, a little bit more high-risk, uh, tokens, these SCOT tokens. I say high-risk because these are new projects. We, a lot of times, we're not very familiar with who runs the projects. Pretty much anybody could come in and create a token, but, um, some of them are run by well-respected people in the community, well-known people in the community. People who've been in the community a long time, people who, uh, uh, are known to, uh, execute on certain projects and the like. So in cases like that, it might actually be a good deal better to invest in the SCOT token than the price of STEEM. I think another problem that's happening with the STEEM blockchain is that, uh, the rewards pool and the, the inflation and STEEM back dollars A lot of these things that go into the mechanism that is the Steem blockchain haven't been as predictable maybe as many of us would like. And so because of that, we're getting these very experimental kickbacks of results and information that can sometimes confuse us and just not seem to work the way we think it will work. And many times we're not exactly sure what the cause of it is. But it's led many of us to believe that it's something to do with the rewards pool and inflation. And if that's the case, some of us have kind of created our own communities on the Steem blockchain, still contributing to the value of Steem, but doing so in a way where within our own communities we can benefit and bring value to the communities. And that was kind of difficult, or has been difficult to do and one big shared rewards pool. So that's kind of where we're at with that. Um, you know, what is clear, if you're a trader and you like to see markets move, uh, and, and more often than not in your favor, hopefully, or at least enough volatility to create enough opportunity for you, then you're probably going to like some like SCOT tokens. I think for me personally at this stage, uh, it's of more value for me to be invested in SCOT uh, tokens, my own project and, um, some of the others because, uh, of some of the things that I believe they'll be able to do under certain market conditions that I don't believe STEEM, uh, will be able to do, uh, at this time. Uh, and so that's something to, uh, consider as well. I think STEEM at this point is starting to stabilize and work better as a money. That's just my opinion. And, you know, also looking at Steam, for a lot of us whose main objective is to use the blockchain itself as a great way to transfer value at high speed, and if you want to consider free transactions, what we get issued with resource credits, which can, will seem, will seem like free transactions to pretty much everybody unless they're doing an entire lot of transactions, a great amount of transactions, um, you know, in those particular cases, um, you know, it's basically going to be more advantageous for you to use the STEEM blockchain as opposed to investing in STEEM, right? So STEEM is going to become more of this utility, something you use like a money, but what do you do with the money? You don't hold money, you get rid of money, right? Whereas assets, you hold on to assets. So STEEM seems to be working more like a money at this point in time. Can that change? Possibly. But I think if you're an opportunist and you're a trader, again, yeah, SCOT tokens may be more your way. I think at this point in the STEEM blockchain, to me, it operates more like a money. So value-wise, it makes more sense for me using STEEM blockchain to get that particular type of value from it. And so, yeah, I think it all depends on where you're at in it, but not saying that STEEM's a bad investment for a speculator per se, but I do think it's gonna be quite difficult for the price of STEEM to go up anytime in the near future quickly. I think what's going to be necessary to be able to absorb the value of from SCOT tokens or SMT tokens. It's going to take time to collectively, uh, take on this value from such projects to help stabilize the price of STEEM and gradually rise it up. Something that I think that could take a great deal of time. Uh, doesn't mean it won't happen, but it could also be that STEEM just kind of stabilizes at a low price and does a lot of volume at that price much like a money can do. And so, uh, for a speculator or a person looking to hold STEEM as an asset, that might not be, uh, the best situation for them. So just something to think about. Uh, right now I am more geared toward SCOT tokens. I am moving more into SCOT tokens. Uh, that's just me personally, what I'm doing, looking at the field as it is now. But I'd love to hear you guys' opinions and thoughts about it. If you like content like this, don't forget to like, subscribe, and until next time, take care.
