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RE: STEEM the Chalice of WEALTH!! Updated Analysis: Target $4 by Dec/Jan and $14 later in 2018
The thing is, the price of Steem will only go up when more people are buying than selling. If youtubers get into Steemit, post and sell their Steem it will put downward pressure on Steem not upward. We need their fans to join Steemit and buy Steem!
I think you could be correct. I am hoping for a Steem explosion but wonder if it will actually ever come. The Steemit platform is very sound and will continue to grow, but the steem crypto is very inflationary and I'm now wondering whether it will ever see big prices going forward ?
why do people keep buying GPUs or ASIC to mine coins? to earn a profit and hope the coin rise in value.
this is the same reason why we power up steem coins - we actually "mine" steem coins - but we don't need to buy GPUs or ASICs