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RE: #1 Data Point Proving The Value of Steem!

in #steem7 years ago (edited)

2k for steem? that would mean a market cap 15X of BTC as there are that many more steem than BTC. If I'm right, Steem at $180 is the same market cap as BTC so if Steem hit the value of BTC it would need to have a value 15x - a number that does not include inflation - making that 2k a dream? Steem only needs to triple 4 times to get to $100 but that's a while off and needs mass adoption to overcome the built in steem inflation. (Steem has tripled 3 times since I first invested at $0.06.) Once there are enough people using Steemit, steem should become a currency of choice amongst the community which is the point steem needs to achieve. I reckon the site needs to move out of beta to get there. The only real possible issue in steems success would be a Steemit equivalent of a social media network based on EOS which I'd guess is highly probable... and that is the only steemit killer I can foresee?

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Steem has the first mover advantage meaning anything new will have to be 10 times better to achieve success in displacing us which is unlikely for the next 5 or 10 years.

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