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RE: Sixteen Dollars or Sixteen Cents? Where Is Steem Price Heading First?
That's going to be interesting to see. I'm going to say $16 just because it could get pretty scary around here if it dropped to $0.16. I can imagine a lot of people leaving because a drop like that could indicate that Steem is done. Or it could be a great time to buy and then reap the rewards. (See what happened with Dominos Pizza. Those who bought at the low made thousands of percent gain on investment.)
I agree with both major points... it would seem like its going to be dead and buried... but if it rose from that, the people that hung in would be millionaires... I started to write about it and then I thought, I wonder what other people think is going to happen first... I now see my answer, all think it will be $16 first (except one that thinks neither)... It will be interesting to see how it unfolds, that is for sure ;)
Always great to hear from you blondie! :) Thanks for the opinion and glad you got put on record here in the blockchain with your answer!
I'm not sure I know where it's going to go. I think I'd have to say it's more likely to go to $16 than $0.16 because that would take a major loss of faith for it to drop that far, but a good month or two and the price could fairly easily pump. Therefore, my choosing $16 is not because I think it will happen as a result of what I see taking place, but more a bet against it going down to $0.16. Clear as mud? Perfect!
Yes that is even clearer than mud... I get it completely Blondie! It will be interesting to see how this process unfolds with time!