Outrageous Future Speculation on Steem/Steemdollar Price on 2/27/19

cryptkeeper17 (64)in #earthnation • 7 years ago (edited)

Here is your chance to act and play steemit financial advisor and tell us all what you think the price/value of Steem and SteemBD will be one year from now and why. I will start.
I think the valuation at this time is very fair at the moment, with a new cryptocurrency that is proving its' mettle month to month and nicely performing in member increases. The valuation is based on Steem and all that goes with it remain "totally hidden video" to the public relative to average citizen within the world. I think there will be great volatility over the course of the next year that may follow inversely with the Dow Jones Industrial Average, of which I see there being a very high range of high and low, with swings in between there for sure. I see a range of right around a low of $1.50 Steem and a low of 1.60 (USD)value steem based dollar. I see a high at $13.50 for the steem based dollar in a very hot summer and fall, and I see a steem value peak at $12.20 the calendar year of 2018. How is that for volatility?
While it's always fun to speculate and guess wildly on these factors I ask that you of course take this with a grain of salt for a lot of reasons. One being I am not an unbiased bystander, two nobody really has any clue what will happen. But hey, we can always wildly speculate in the crypto world!

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https://discordapp.com/channels/418511434675126284/418511434675126286

#basicincome #q-filter #qurator #steem

7 years ago in #earthnation by cryptkeeper17 (64)

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meritigbunu (49) 7 years ago

Thanks for sharing

$0.03

1 vote

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greer184 (59) 7 years ago

SBDs will always have a lot of downward pressure due to the lack of utility and the high inflation rate. As the price of Steem grows, the inflation rate of SBDs grows as well. Thus, any expectation of SBD above $10 is highly unlikely and would only occur in periods of massive exuberance and bullish hype. Even in that case Steem might go higher thus increasing the downward pressure. As long as a large majority of users use the 50/50 option, this is destined to happen.

So, I expect the SBD to eventually return to $1 but a lot of it depends on the Steem price in the coming months.

$0.00

1 vote

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cryptkeeper17 (64) 7 years ago

I agree in your point about the hype train leaving the station but coming right back to reality. There will be a period of irrational exuberance at some point in my opinion, that's why I cooked in the high at around 12. I really think the value is backwards from steem vs steemdollar but not apparently in the market's eyes. Interesting analysis @greer184 your opinion is always greatly valued!

$0.00

1 vote

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