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RE: Why steem is unlikely to trade above 5usd for any length of time.
I think it could hit $10 this year. I think the higher the price the more it's worth actually. The bid bot ROI's tanked when the price when down so higher price = higher ROI I think which would make it more valuable. Hard to say for sure though.
In dreamland, maybe.
Nobody in their right mind pays 1k usd for 10 steem.
The numbers just dont work.
Absent smts pulling a rabbit out of stinc's ass 5usd is my expected top of the trading range.
Look how much people pay for fiat Bitcoin. At least Steem is backed up by something. I think Steem has the potential to crush all the other cryptos.
It is better money.
What is it backed by?
A user base, transactions, SBD, leverage.
A user base with free to access data,...
Transactions have value?
Sbd's are debt.
Leverage of zero is still zero.
Three second secure transactions, users, use cases, and curated content was the original value propositions, but the key holders scratched curated content in favor of scamming more for the insider cicle jerk.
The other three are still there.
A user base that actually uses the crypto.
Transactions are a positive sign.
Yeah so is the USA dollar.
Leverage of Steem is leverage.
I think there is still tremendous value and potential for the Steem Blockchain. I think it will come out this year.
We can hope.
Competition is nearly ready.
https://steemthat.com
lol