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RE: You Need 1 Million STEEM Power to Upvote $20

in #steem • 6 years ago

The problem here is that there were times when buying 1 million STEEM would have been a good investment... from our current viewpoint.

Now, will we, in the future, look back and say, i shoulda bought that 1 million STEEM?

Don't know. Really don't know.

(so i will put my money towards things i have a much better idea upon)

6 years ago in #steem by
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     6 years ago (edited)

    Yea, so the only reason to buy STEEM is speculation - and in terms of being an attractive speculative buy, STEEM has to compete with every other token out there, currently about 71 of them being more attractive than STEEM.

    Basically you're admitting that STEEM is only useful when it's above a certain value. And it makes sense, the same could be said about the dollar technically, but why buy STEEM now, outside of speculation?

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