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RE: Why steem is unlikely to trade above 5usd for any length of time.
Would you pay 1000usd for what 10sp gives you?
Would you pay 1000usd for 100 sp?
These questions made me realize how overvalued STEEM is.
0.1$ still seems high.
I bet it will not get anywhere near it in the near future due to people that will buy into it at far higher prices, but to me 0.1$ seems a little expensive.
Not to mention that it will still cost significantly more than 0.1$ to convert fiat into Steem even if Steem's price will be 0.1$.
BitFinEx pumped a bubble with its USDT creation that will probably never pop.
It might correct over time.
Yep, so far they have been able to keep it above a dollar.
It might be awhile before btc goes back to its high, bch has cheaper fees.
As much as I oppose ETH's inflation, POW and its crew, michiel's threads make me assume that it too should be preferable over BCH.
LTC goes without typing, although in Binance I saw that they do not use it as an intermediate.
BTC might never return to its high.
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I agree btc has only legacy appeal.
Bch is good for transacting, but i wouldnt hold it for return value.
Im still out on eth, instinct tells me not to bother.
Ltc might hold its value as a transacting coin, also being cheaper than btc.
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