Damn @cryptographic.
And I thought I was optimistic on STEEM and BTS. You make me look like someone who is a tad conservative.
Out of curiosity, how did you arrive at the proportional pricing for STEEM compared to the estimates these Bitcoiners put out?
If BTC hits $25K by the end of the year, that is basically a triple...wouldnt that make STEEM $9?
I obviously prefer your $200 mark, just not sure where that came from.
As for this year, we really need to see three things from STEEM developers:
A) Automated sign up process
B)Hivemind
C)SMTs
If these three come by the end of August, we might see a radical run in the 4th quarter of the year.
STEEM total supply divided by BTC total supply results in a 12.9 to 1 ratio, meaning that STEEM should be worth 7.76% of BTC, or $1,940.00, all other things being equal.
https://coinmarketcap.com/currencies/steem/
The thing is not all other things are equal. STEEM is much better!
Hi @taskmaster ! Yes @cryptographic sounds very optimistic, as you and I! The reason he enters those numbers is because of his past posts a couple of months ago when he was comparing the value of steem, bts, cardano and others compared to bitcoin, and how should they be worth if they had the BTC marketcap. That is what I understood!
Regards, @gold84
More basic still: equal value for each outstanding "token" (total supply).
If your product is just as good, or even better, theoretically it should be worth the same, on a ratio adjusted basis. If you have a total supply that is 12.9 times that of what you are comparing with, then your fair value should by 12.9 time less. With BTC currently at $8,700, STEEM should really be worth around $675.00 right now!
Exactly, thats exactly how I understood your thoughts!
Regards, @gold84