I think the price of Steem could hit 3 dollars after the economy related changes take effect
That would be a nearly 8x rise from here. Few people have been here longer than I but if you are one of them you know Steem can rocket up & down based on peoples faith in the system and new user rates. Twitter has a marketcap near 12billion, a close rival to bitcoins 11 billion.I don't have a Twitter anymore but I do have a Steemit and I do dabble in Bitcoin. Using myself and my own market choices as a predictor an 8x rise could be small potatoes. As always. Don't take my advice. Do your own due diligence.
Here is a picture of Zuckerberg in his natural habitat. Facebook's marketcap is over 300 Billion.
All things considered the only thing negitive with the new proposal is the unknown factor. The unknown factor is the question of how things are going to playout after the hardfork. I see others saying "is this going to crash the price" or "5x upside" ,"moon"? The answer to me is simple. The staus quo is crashing the price if it wasn't for this proposal we would be at .05 looking for .01. Let's skip the 8 more days and get to the getting! No more unknowns!
My bet is nothing but upside anything beats what Steemit/Steem has been doing price wise. The new proposal has some short term uncertainty with a rash of immediate power downs so let me help clear that up a little more. Most people will not be selling for pennies on the dollar on the heels of a major reversal in fundamentals. I think everyone agrees 6 months to 1 year out this is a very good proposal. Couple that with the new social media features coming online, and the growing Steemit community x8 is very doable. Full disclosure: I'm currently buying as much as I can.
(dev>largeinvestor>famous>witness > smallinvestor> miner >youtuber > blogger > social media plus free money) or you could buy boring old bitcoin
I guess anything is possible, as long as Steemit active users continues to grow.
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Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
I think that might be a bit high for any movement in the next couple (few?) months, but that would be cool to see (again).
Based on past performance and experience no doubt... No altcoin yet has successfully mimicked Bitcoins growth curve. If you look at the insane volatility in Steems chart it looks just like bitcoin though. If Steem is that one alt all bets are off as far as marketcap moonshots followed by crippling downtrends even after the Steem inflation is fixed maybe especially after.
I always imagined Mark to be smooth, a seal not a bear.
This post has been linked to from another place on Steem.
Advanced Steem Metrics Report for 7th November 2016 by @ontofractal
The Daily Tribune: Most Undervalued Posts of Nov 07 - Part II by @screenname
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