25 cents to about $3.35 today in 10 Months is a great return on any Steem purchased.
If Steem was to rise the same approximately 13x over the next 10-12 months I think everyone here today would be extremely happy. We would be sitting at $43.55
That would be an amazing number and there would be a ton of millionaires from Steem. More importantly in my opinion there would be a ton of people who could afford to change their lives. Might be something simple like buying some clothes they currently can't afford for their kids or maybe funding options for their kids futures (my plan) or maybe getting to stop working that second (or third) job they have to be able to pay the bills.
There is so much potential to the futures of the people here on Steemit and I think sometimes that gets lost in the hustle of it for many others. If those with the most influence continue to make more minnows succeed the demand for Steem, SBD, and the Steemit platform would skyrocket. They wouldn't need to worry about earning so much money from their bot delegations as the value of Steem would be so high that those profits just wouldn't matter.
Based on the way demand grows we honestly could see growth beyond the 13x seen in the last 10 months if people continue to help onboard new members, those raping the reward pool get counteracted, and those in a position to help others start using more of that power to help the little guys grow without worrying so much about instant profits.
Seriously can you imagine 50,000, or how about 500,000 steemit bloggers earning even enough that they can help pay some of their bills and making their lives a little better. I'm not talking about becoming full time bloggers, just ones that earn a little side income to help give a little relief.
I have some thoughts on how this all happens, but the reality is as a minnow without the means to purchase thousands of SP the chances of myself making much of a difference are probably fairly slim.
There is massive potential but short-sightedness will cost many people who need it most.
it would and as distribution continues, it will get better. I feel a shift coming.
This helps me stay engaged and working.
Ten months ago, the amount of SP I have now didn't hold much weight as you can see by the prices. Things can change relatively quickly and when prices hit the 50 mark, a few hundred makes a dolphin. People are yet to understand this yet. 1000 SP at 50 dollars is $50,000 worth. People should be 'working harder' to build themselves but, the scam will keep the price down which means, work hard and well.
I am really hoping that we see $50, but prefer it not to happen until I have time to a few thousand SP. Would much rather earn it while the price is lower as it's considered earned income in the US once you earn the money. Then if you sell there will be Profits or Losses based on the difference from the Earned Value to the Sold Value. It's a lot to keep track of and I fear most here do not even have the slightest clue about the tax implications about their earned income from posts.
Will keep plugging away and see where I stand at the end of the year. Either way I'm sure it's better then where I am currently as I will keep pushing forward towards my long term goals.