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RE: Bitcoin for sale $75 each. Time limited offer. Do you know when this offer was first announced?
The thing with steem is that even if price held steady, for, say, 3 years, you'd be up 90%+90%+90% on your money due to SP increase.
This is precisely why price will probably go down in the long run. I mean, we are not getting 90% of the inflation rate for the lolz.
What is important, for the investor, is not the price, but the size of the investment in terms of coins he has (which are increasing) multiplied with the running price.
Steem cannot be "processed", investment-wise, like a classical cryptocurrency - because it isn't one. It's model is totally different and it creates confusion when someone sees the price dropping (but doesn't understand SP).
I think you're missing something very important @alexgr
You're assuming that there will be no hard forks, no adjustment in the steem allocation. It's near impossible to gauge what this place will look like in 3 years.
If I was dan or ned, I'd let this continue running until the end of the year... and I'd propose a hard fork to half the daily allocation of new steem, which would drive up the price of steem.
They're probably allowing this flood of steem into the market, to give better distribution. It will change, that's my opinion. We probably have different ideas here. But we'll see.
There are a lot of people stacking steem right now, and not just in SP either. If it moves in the opposite direction quickly, they won't have to powerdown to take advantage of it.
That's already built into the Steemit block chain. Every 3 years or so the amount of steem will divide ny 10, which in turn will cause the price to multiply by 10.
Aha, so I was right -- the allocation will change. Is there anything prohibiting this change to be implemented with a hard fork sooner if necessary? My guess is no. It will probably be a trival adjustment in the code, and we can see this change happen sooner than 3 years.
It's soo early yet. But I definitely can see that people who hold onto as much as they can early, will really benefit in the long term.
We need a chart of price of VESTS in USD (or BTC). It would be a more meaningful graph for long term investors. The price of Steem itself only matters for short term speculation.