RE: Let's Daydream: Steem First Down To $0.10 And Then Up To $800
While everyone (me included) want to see STEEM reach high prices, i think 800 is waaaaay beyond what is actually possible.
One of the factors is the inflation, because while It will be getting lower over time, It will be there. And inflation means a tendency toward lower prices per unit.
The only way to "counter" the inflation is a bigger increase on demand (more users joining and buying steem), which i think is still a big question mark.
Second factor is that competition is starting to appear. While this doesnt necessarely means steem will die (maybe, maybe not), It surely means that the potential capital Will be spread among other platforms.
Besides that, comparing to Company stock values is not a good metric, because these companies pay dividends to their shareholders, and there is a Lot of other stuff that goes with stocks.
A better comparison would be with other currencies, since this is the main function of the asset.
And another question that still need to be answered is If steem economic model is sustainable on the long term.
Anyway, we all want steem to grows, but is never a bad thing to keep our expectations leveled with reality. Less disapointments that way.
You realize this was meant as an entertaining daydreaming post? :)
I do. But someone else might not.
Just check the comments.
I see only people who dream with me or call me crazy. You are trying to find a middle ground. I appreciate that.
Indeed that is my idea.
It's just a thing that i see everywhere since i started to learn more cryptos and blockchains: There is too much hype and false expectations about "moons" and "lambos", and that kind of thing bothers me. (not your case here, btw, but people only see what they want to see)
What we are experiencing first hand (not only on steem) is the beggining of something truly revolutionary, but with a very uncertain future.
We all want this revolution to happen, but when all we see around is everyone just looking up and praising how everything is awesome (and we will all be rich), i think there is the need of people like me to poke around and say "nice, but look where you are stepping, there is a hole on the ground right there. Don't fall on it.".
It's nothing personal... Just a something i can't avoid to do...
(Damn, there is so much things happening that i always forget to check how 1UP is going...)
Fair enough, the future is totally uncertain. But I try to shape my reality by putting my intention out there. The outcome might be different but certainly influenced by this belief one way or another. 1UP is a master example for that, by the way. My writing here helped my intention and vice versa which leads now to manifesting 1UP into reality.