I do agree with you it is human nature to over extend short term forecast, but it is also human nature to under-extend long term forecast. It's much-much harder to see Steem at $1000 and even the absured $10,000 say in a decade. The ironic thing is that the greater error is often made in the latter not the former, and often by more than a factor of 3. People could not see 100MWatt of electricity use after 50 years of expansion, in fact they plan for max use of only 10MW. We are beyond 100,000 TeraWatts now.
$50 to $100 Steem (or more as it often overshoots in a bull run) is achievable in the mid term. I hope you hold on to yours, it would be worth 6 figures based on what you got today.
I do agree with you it is human nature to over extend short term forecast, but it is also human nature to under-extend long term forecast. It's much-much harder to see Steem at $1000 and even the absured $10,000 say in a decade. The ironic thing is that the greater error is often made in the latter not the former, and often by more than a factor of 3. People could not see 100MWatt of electricity use after 50 years of expansion, in fact they plan for max use of only 10MW. We are beyond 100,000 TeraWatts now.
$50 to $100 Steem (or more as it often overshoots in a bull run) is achievable in the mid term. I hope you hold on to yours, it would be worth 6 figures based on what you got today.