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RE: Steem, inflation and holding for retirement.
People like to compare it all to the high where Steem was at 8 dollars and the market cap was 8 billion
There are around 300,000,000 coins in circulation, so $10 Steem would be a market cap of 3 billion. I only mention this because 3 billion honestly doesn't sound like that much, even Myspace peaked at 12 billion.
And it peaked there before the crazy really started. 19 billion for whatsapp. 3 billion is not going to be hard to reach, nor will 30 billion in a few years. Even if one has to wait the 17 years for that -
30B / 650 million Steem = 47 dollar steem.
That would make the 2500 Steem you picked up for 100 dollars worth - 117500
That should beat the inflation rate. then consider the earnings on that 100 Steem over that 17 years at a conservative 5% and you have 5,800 Steem.
5,838x47 = 274k.
buy the dip ;)
When did someone get 2500 Steem for $100? I'd like to see those prices again!
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@edicted did I think. Had a low ball buy set up and Binance flash crashed (big sell) and Steem dropped briefly to about 3 cents. 600,000 Steem from one account caused it a couple weeks ago.