We have the opportunity at current prices
We have an opportunity.
Looking at the markets might depress some people but for me this is just an opportunity. I have money spread across multiple shitcoins in small amounts but there are four important ones that I will be holding regardless of price. IOTA, STEEM, Ripple and Banca. These are the ones that I am backing over the next three years to solidify themselves as top crypto’s and grow in value.
Out of these STEEM is by far my favourite. The possibilities that are being created at the moment are unbelievable and the new developments that I have seen in just the past two months are growing exponentially to the previous nine months that I have been on here.
When I started with no SP and no money to invest I looked at how I could make Steemit work for me. So I used what I had, time. Now I cannot say that I have become a whale and probably never will but dolphin is an achievable goal. I can also say that I have managed to accumulate a lot more SP than I thought that I would. Not only that I have increased my knowledge and found some very interesting content and ideas. I saw an opportunity for something new and went with it.
Current price.
Looking at the chart for the past two years we are currently sitting at $1.81. This is a big drop from the $6 to $7 prices we saw in the run up to xmas but also a long way up from the $0.27 price just over a year ago at the start of May. If only we could go back in time and pick up a few thousand. Not going to happen I’m afraid. With that in mind I sincerely think that people looking at the chart in two years time will be saying the same about $2 STEEM. From what I am seeing the blockchain is only going to go from strength to strength.
While most of my SP has been earned through Steemit, I think that at this moment the price is so good that I can’t help but top up my account a bit. Looking a couple of years into the future I just wish that I could spare a bit more money right now.
If we continue to grow over the next year, surely $20 dollars is not unrealistic as the new developments and SMT’s draw in more people and more investment. Combine the new accounts with less available STEEM from the new tokens and in my mind it adds up to a higher price.
SMT’s
I’m guessing that everybody who is an active user must at this stage be wondering when are SMT’s launching and how will they operate. While I don’t have the answers to this it does seem as if there is a lot of work going on in the background at the moment to pave the way for their use. I have also seem several STEEM based sites in operation that will be poised to launch an SMT as soon as they are up and running. This can only add value to the STEEM token when people are trading hundreds of tokens against a limited supply, really driving up the demand.
When so much STEEM is tied up in users accounts the amount should really become noticeable in the markets as more STEEM is needed to trade against SMT’s. I would love to see this a reality for Steemgar, Steemhunt, Minds, Super8ballclub...ect. These are the few applications that I use at the moment but there are hundreds out there that could be adapted very fast.
What’s next.
Aside from the developments that we already know are in progress there are two projects that I really think would be the difference on the STEEM blockchain.
A social media rival to facebook. Something with a simple interface that connects friends, has your important dates and plans and links onto the steem blockchain through steemconnect. A more scaled back version is what I would love to see like facebook maybe 8 years ago. If the sign up process gets properly automated, if you could import some of your information with it and be able to invite your existing friends onto the new site the scope for expansion is massive. Now I am not a programmer or developer so these things might not even be possible but if they were then I would love to create it. Being able to link all your STEEM based accounts into one with only the one login and all your STEEM ending up in your wallet from the different SMT’s.
Similar enough would be a site that incorporated advertising revenue. Imagine a site that could generate thousands a day through advertising and them distribute this money back to its users through an SMT which would end as STEEM. I know that some would argue that advertising brings in censorship but those would be points to argue between the creators. Additional money being pumped in would add massive value to the blockchain and really give people a chance to earn from their time on here.
If you have any more ideas on what you would like to see over the next year let me know in the comments. I have no way of creating them but would love to hear how you think that we can grow to the next level. Whether it is through gaming, media, investment or any other angle that you like..