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RE: Investing long-term with Steem: Time as an overlooked parameter
some great points here, my family think i'm mad for reinvesting my rewards into the site. but with 258 steem earning approx 0.7 steem a day it's earning me more here than it would in any savings account.
That's not true, you are not earning anything. You have the illusion of earning but you are just fighting inflation. And even the inflation is higher than what you are making with your Steem power. While steem coins are created the price of steem currency should go lower and lower. You will have more coins that are less valuable. That's all. You are not making money.
it is too soon to make any such conclusions. if you look at price change from june to july, there are a lot more coins, and each one is worth a lot more. which makes your statement wrong for that time period. I am not saying that every month will be positive, but nobody is smart enough to be able to know for sure what the userbase growth will be. and without knowning the userbase growthrate, user retention rate, it wont be possible to come up with any decent projection on future price, inflation adjusted or not.
Do you know how many users steemit will have in Sept? Next year? If not, how can you make any credible prediction about future prices?