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RE: STEEM to $10 USD? This is the wrong question to ask or even think about.
What a thought provoking post. What to do with ones money? People often look at the profit/loss without realizing that one can lose even when profiting. Opportunity cost is something that is rarely discussed. Of course, we all know things are much easier in hindsight.
I guess the question is where can one find the better growth rate. Obviously, over the time frame you discussed, BTC had it Steem did not.
Now for my guess....since you are looking for a 9 fold increase in Steem to get to $10...I am going to say that BTC, with so much money set to enter the crypto world, will have a 15 times increase....
BTC $55,500.
A little more than Dimon's rise before the fraud crashes.
Full upvote for giving the answer that matches my opinion, LOL
Not allowed to grade papers this way if you are an elementary school teacher.
But this isn't elementary school, so I get to grade however I want.
There is some merit to your point, but I don't completely agree. STEEM does have built in inflation. At around 9% per year. So supply is increasing. But in a predictable way, that everyone knows in advance. After all, the rewards pool has to come from somewhere.
But to compare it against USD fiat is slandering STEEM. The printing presses for USD are turned on and off in an arbitrary way, and the amount of printing of USD is criminally large. More than double over last 10 years.
Full upvote back at you although yours is bigger than mine.
You made me laugh with the I get to grade however I want.....
It is your post on a non-moderated, decentralized platform...damn right you can grade how you want.
Although I will say the union wont be too happy with you....
You guys and gals have to remember, Steem is an infinite supply currency, and it is very difficult for it to increase in value, and even harder for it to maintain an increased value.
Think of Steem as you would a dollar, it actually decreases in value over time, because so much of it is printed in a continuous fashion, and the same could be said with Steem.
The only reason why Ethereum has increased to an unrealistic value, as an infinite token supply, is due mostly to hype, and the fact that you could buy into initial coin offerings with it. So, do keep that in mind the next time you get frustrated that the price of Steem always seems pegged to the dollar.
There is some merit to your point, but I don't completely agree. STEEM does have built in inflation. At around 9% per year. So supply is increasing. But in a predictable way, that everyone knows in advance. After all, the rewards pool has to come from somewhere.
But to compare it against USD fiat is slandering STEEM. The printing presses for USD are turned on and off in an arbitrary way, and the amount of printing of USD is criminally large. More than double over last 10 years.
Hmm, I suppose I was referring to Steem's performance over the last six months, not it's actual capabilities. Over the last six months, it sort of kinda just averaged back out to around a little over a dollar, hence the opinion.
I really do hope it gets better, because I too believe in it, but so many people are always selling it, and with such a large supply, that it is difficult for it to keep any value in my opinion.