STEEM AT $6 - HOW HIGH CAN IT GO? (FACEBOOK COMPARISON)
I can see that a lot of people around Steemit are going crazy because Steem is over $6 at this moment so just to give you my 2 Satoshis on that. I know, I know we are getting rich by doing what we love and that is just impossible to be happening in this world full of suffering, where you must hate your job to call it a job. And of course, on the other side, there is a doomsday crew calling everything pump & dump scam bubble.
I would like to point just one thing. Don't look at Steem $6, but look at its market cap! At this moment Steem has market Cap of 1.5 Billion. And now just think about what is this platform about and what is planning to become in the years to come. It is a new generation social media platform, and when you are comparing it and thinking about its price, you can just compare it with old generation social media platforms and their price. Steemit is doing everything they do in better, more transparent, fair and profitable way for its small users instead for Mark Zuckerberg.
And then if you believe that in some mid-long term all people will change their habits, overcome that fear of unknown and start using Steemit (and other new generation platforms) instead of Facebook and the old ones, then you just have to ask yourself one question. What is a market cap of Facebook?
It is around 512 Billion!
And we Stemians are on 1.5 Billion :) and we should grow 350% to be at 1% of Facebook value. Now just answer to yourself - Is Steemit worth 1% of Facebook?
Honestly, I would say Steemit is not worth 1% of FB, not yet, we don't have 0.1% of their active users, we have not allocated 0.01 % of the development funding to reach the masses or make moonshots, we don't have 0.001% of their marketing tools, and we don't even have 0.0001% of their advertising financial power...YET
But someday we will have that 1%, and when that day comes Steem we'll be worth 100x more than FaceBroke's 1%:
Why?
Because, Steem is much-much more than a social network
Because Steem is a block-chain that can service multiple media and multiple network
Because Steem is a block-chain that can perform social value discovery without centralized manipulation
Because Steem is a block-chain that can out-transact almost all blockchain that's been battle tested, we can out-convenience the usage and userbase of all the 4 fiat-gateway crypto, and out-currency the top 10 crypto probably 99% of all existing and real-world functioning crypto
Because Steem will become the gateway for any and all media, old and new from print to pictures to video to stream and then someday to gamification and then to virtual & augmented reality, and beyond
Because Steem will be the voice of the people, voted, 1 person at a time, and the soul of living cryto-community and in essence producing through mental mining of the most valueble asset - imagination
And because Steem is the herald that will blow the trumpet to usher in the renaissance of a new era in humanity - where technology and economics co-existence with the decentralized network of humanity's potential
Truly There Is Not Limit To The Human Imagination
source: inspirationalhunter
Ill reply bro, this comment makes alot of sense and compliments the post well. Imagination is what holds us back or pushes us forward. Depending how much you use. Be well @dj123 @kriptonoob
There is some truth there, nevertheless I often think fear and destruction are poor utilization of the power of human imagination
I can't see reads with reply only upvotes (unlike post), so thanks for the feedback, good to see someone is reading :D
These days I'm putting up intriguing replies to users with smaller reps (Under 60). I realize insightful replies help bring in more people to view the post, instigate response and help the OP raise new follower - my small attempt to support OP and bringing more value to our beloved blockchain.
Be well to you my artistic friend @krazypoet
thanks bro got your back with that, see you later
I got your back, steem on bro!
Also following you now ;)
Damn, 10 upvotes later, and still nobody replies to my reply
Where is a @curie-reply when you need one?
Well, that could mean that all of us agree with you :)
Well before you agree completely, then best you read this reply and let me know what you think and if it's worthy of your upvote:
Reasons Steem is Best Damn Crypto Under Any Amount
Oh, it’s worthy of an upvote, alright— your second one in less than 10 minutes.
Steem-on!
Oooh Steemy Gif.....dj likey!
Thanks for the feedback :)
At least 10% :-D
10% per month would be great until we reach Facebook :)
You can't just think Facebook anymore steem is not just steemit. There is also dtube, so think about replacing Facebook + YouTube all with the same entity. What would that market cap be? Oh yeah then SMTs are coming so replace all comment sections on every website ever, see ya later discuss, mix all that in too. SoundCloud? Forget it, a steem replacement for that will come too.
LoL... Great point, but we must also count all new generation social media projects that will come to the market and take a part of it, plus it is expected for all these first-generation companies like Facebook to change and adapt, so this way they will keep one part of their users... So let's say 100B in next 2 years would be optimal for Steemit :)
Well you will change your tune (if) when Facebook implements an SMT to monetize their own comment section. ;)
Market cap should go above 512 billion because fuck FB.
I agree that STEEM will be worth more than FB, because we offer MUCH MORE than Facebook does!
Found your article on steemit.chat. Great article, resteeming article now! See some of my work as well and follow back. Cheers!
Thank you Bloggerslife...
wow bro have a beer on me because the way you explain that makes me a lot happier knowing where this is going you know I think we all have an understanding and we see where this is going but having another true prospective is great @kriptonoob
Thanks Poet...
Very informative. Personally, I never liked Facebook. So much hype but for what use? Apart selling your personnel informations, what does it for their members?🤨
Personally I would say it’s totally worth more than FB but on a global note, we are far behind but catching up with giant leaps
Steemit is much better than Facebook.
Ofc it is... But the marker cap is at 0.3% of Facebook...
Very informative. Personally, I never liked Facebook.
But Facebook is the platform where i can share our feelings with friends and they respond with out any concern but here everyone have concern with each other!!!!!!!!!
Great point...