RE: 800 Followers milestone reached! Thank you for the Support!
Good question. I will explain it to you:
There is only a limited amount of Steem available. And, each day some Steem is created by the blockchain. This is the inflation. To counter this inflation, there needs to be more buying than is created every day.
It seems impossible to achieve this with so few accounts an even fewer active members. There are currently only 40000 acoounts which are daily active I believe. This is nothing! And still the whales are not powering down and the price remains near 1$. Thats insane!
Now think big. Think 4million accounts and 400000 daily active steemians.
Every one of those 400000 people is hooked and buys lets say averaged 2000$ worth of steem over a period of one year.
What do you think the price of Steem would be? I'm guessing 150$ with theese exact numbers...
I hope my friend. I invested also in steem and I will continue but I'm not expecting so mucj increase tbh. If steem is not losing any value it is already nice because my number of steem is increasing each day. If the value is increasing it will be a double bonus.
..cool answer...mke sens..still on my way to be in the know..thx..