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RE: Binance has added Steemit to their Social Media Portfolio

in #steemit7 years ago

thats always a good thing , vote.jpeg
however ...
because of the nature and the backing of the steem token i wouldnt expect it reach wuthering heights like BTC, the reason it stays and probably will stay (relatively) low (relative to the user base and the division in the userbase between people who buy and people who don't) is that unlike the big coins it is closer to a source of direct income, hence if people sell off on a monthly basis (the so-called whales) supply will outweigh demand all the time which tends to push prices down gradually ...

if you had a sudden surge of 100.000 real accounts (meaning not bots or doubles) of people who actually buy it to get power then you would see an upward spike and probably one or two months later going down as they cash in. That makes it closer to a currency than btc ever has been and that's (imnsho) why it's unlikely to reach $15+k dollar value ever (ofcourse if steemit gets a userbase the size of facebook that might be the other way around ... but thats gonna depend on lots of factors, including the maximum number of steemit tokens that can be mined)

originally BTC had the power to equal or surpass the total number of dollar in the world (i think i did the math once, IF the last satoshi came down to $2000 or more which is a long way from even its highest peak but it could be done)
that was before crypto-capo's skewed the original idea of sathoshi by forking and splicing and ofcourse the fact that theres about 1 new cryptocoin for every bum on the planet with a modicum of coding skill now.
I dont think most people know exactly how long BTC has been around before it passed the $10, let alone the $100 and then the $1000 mark and despite that it's still babysteps in cryptoland :)

viewed, voted, commented, and re-steemed ...

i am not a bot and i only have one account ... and im not half as bad a lunatic as it might appear but i need to hide from the normals or they come to pick my brains

anyone follows me i'll follow back within a few days

if you have complaints please check the link(where did that link go), or else just do that content dictator thing you do i no longer care ... a resteem is a resteem, atm to 330 people, thats 330 chances to have it re-resteemed,

...disclaimer, disclaimer, something on stalking whales and stuff, since my pathological apathy struck and i got these pills i dont seem to care much, maybe it'l get better(working on a short version)
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