Is $2.00 steem the new norm?
I have been on steemit.com for a little while and have seen from almost worthless to almost $5.00 for a steem coin. 50 cents above or below $2 seems like where it is settling in for the next 30 days minimum. That's my gut feeling any one have another opinion?
It will probably settle lower in the future. I don't see people paying $2 per Steem to power up and see no impact on their accounts. Let's say you put $1000 US to buy Steem and power up....You will still end up being a minnow, with some 400 SP and zero influence. Your money will be stuck for 2 years on a ultra high risk investment.
I may be wrong, but I see this price going down to 10 cents or so... this will bring the $15K payouts to a more realistic level. Meanwhile they keep creating money out of thin air.
Why wold that benefit me or you. Wouldn't you want $5 steem. That gives you a 3 X on your investment.
What we want doesn't matter., right? This is what I believe that will happen, based on my limited knowledge. We shouldn't see this as a investment, there's now way one can predict where this thing is going and if the SP or Steem will actually have any value 2 years from now. Ultra high risk investment in my opinion. For example.... I have a post that got a whale vote and it was worth $700 a week ago, but because the upvote was after the first 12 hours, it will take 4 weeks for the payout... right now the payout is around $250. This is a huge price fluctuation in just a week, can you imagine in 2 years?
I honestly hope that the platform succeeds and we can actually make some money here.
There seems to be a solid market cap, as well as a passionate following for steem. If people continue to support it in the markets, as well as on the social media network, then there should be no reason for steem to rise higher than the two dollar mark.
There was a huge rush in value in the beginning. The amount of activity on the site wasn't worth that value at that time. How ever steemit is slowly growing which is creating a solid floor and eventual rise in price.
Do you thing $2 is the floor?
There's only 1 thing that is certain, which is uncertainty.
Well over time it is getting inflated.