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RE: Thoughts on the future of Steem and its success (or downfall) by Federico Pistono, best-selling author
I don´t think Steem will fall because there is a real value behind it. Comparison with altcoins having no useful function is not good. I have read white paper and I have some Steem power and some Steem Dollars and I do not want to sell.
Anyway nothing rise to sky and it is not easy decision to buy Steem at 3 or tomorrow 10 or maybe later 100 SMD. Buying (anything)at high levels is driven by greed and panic selling is driven by fear.
I am sure at some point correction is inevitable. Remember BTC at more than 1100 USD and the correction to near 200 USD.
Correction may be inevitable but might not be as violent as we see with Bitcoin. Steem seems to have a virtuous cycle where the people who earn are given incentive to power up, which seems to raise the market cap, which seems to increase the payouts, which makes it even easier for new people to power up.
I could be wrong but that is a way it could go.
Exactly.