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RE: Predicting the future of Steem
In my opinion, regardless of the price of Steem in the future, it's still a wonderful deal because with SP interest over time, author and curation rewards including rewards from delegations, Steem earnings could produce something like 6 or 8 percent APR. This is much better than simply holding it in the bank with 0 APR that they have these days.
Yes, there is risk of market fluctuations but in the long run I think we will be all right because the fundamentals of the project are very solid.
This holds true if the price stays this low in the future. But if the future prices increase, people who power up now will be very happy.
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It is better return than any bank offers over time if one can buy in at a lowish point of course. Some bought at 6-7 and held all the way down.
I think there are going to be people who are happy and others who are bitter.