RE: Total MarketCap & Corrections Analysis ~ week 4/18
Lets start with the question if Crypto currency could be used as a normal curency like your dollar , baht , euro , or pesos . So first of all The worth of cypto currency is changing all the time so you could buy a house with your bitcoins oneday and on the following you would just be able to affort a Sandwitch with the same amount of Bitcoins. This does happen beacause Bitcoin or any other Crypto currency is worth anything beacause people think, beacause people believe in this projekt, Bitcoin, Litecoin, or Steemdollar do not have a worth, there are just worth anyting beacause people believe that this virtual money is worth anyting.
Second there is no equivalent in gold or anyting valuabe. ( Euro or dollar are equivalent to the gold reserves )
These reasons are enough to say that this currency, that way it exists today will never be able to be used as the "money of the future".
Exactly that's what my grandfather said when he saw a plastic that was called VISA, keep spamming! welcome to C.XXI
NO
Currently STEEM is priced at a little bit of 4 USD. So, I think: well if I buy that STEEM and then I upvote in Steemit, after seven days I will get, by upvoting some posts, at least 0.01 USD. That will be in my pocket in just one day. Multiply that cent for 365 days and you get 3.65 USD.
So, I paid around 4.15 USD to get, in a year, 3.65 USD. That day in the future, I will have 3.65 USD in my pocket. Plus the STEEM token, which will probably be priced higher.
Also, the 3.65 USD worth of STEEM could be added to the STEEM POWER, so every new upvote could bring me more that 0.01 USD after the week.
Find me one single stock which offers you that kind of return on investment :) Don't make the same for fiat currencies, as there is no ROI in them -at least the same way-.