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RE: How, exactly, will STEEM go to $10+?
People say it will go to $10 because they want it to do so. Its confirmation bias. The only way it will get that high is if a lot more people buy in. People seem to think it depends on number of posters on Steemit but that is almost irrelevant. If the crypto sphere suddenly decided Steem was a good bet, it could rocket without any increase in number of accounts. IN fact, in the 3 months or so since I joined, the price has dropped from approx. $2.5 to under $1 and we have more accounts now than before.
Yes, I absolutely agree it is not correlated with the number of accounts. Obviously if there is some huge surge of accounts signing up it will increase the price, but like I said in the post, we need some serious money coming in. I think that will likely come from advertising on other sites outside of SteemIt.com.
Got your advertising point...
For making people to invest in steem, we have to launch services that support ads, it will be anything like advertising network that advertise on all steem smt sites.
Advertising of products is mandatory in this goods and services oriented world. But not on the sake of someone's privacy.
If such services will be launched on this platform then I am sure it will definitely increase the steem price.
Good point. SMT should help. I think the really cool for me about this platform is that it is crawling with entrepreneurs.