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RE: How long until STEEM reaches $8 again?
Voted for 2 Years.
I would say, 2-4 years, if: 1. Cryptos generally recover 2. Steem(it) doesn't get very strong competition (Tron, Lisk, BAT etc.). 3. Steem(it) keeps evolving, developers keep developing.
Indeed, all of those will play a factor. My wishes is that we all flourish, not just one or two systems. The world is plenty big enough for that.
We are living in capitalism (most of us), may be the best system humanity invented, at least most effective until now. One essence of capitalism is competition, that makes individuals and companies improve. But there are always losers, too.
No denying that. The losses sting just as much as the victories feel sweet.