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RE: Making a 14 year long Steem investment for my child; will a 100 Steem Power investment give him a lot of money for when he grows up to be an adult?
Interesting proposition....
Optimistic Calculations
I think steem can be worth a lot say 10000$ at that time,,,But remember 10000 dollar would be worth veery little at that time...
Lets calculate on the basis of
1steem = 10000$
and every 5 years steem will double because of vote selling...
so in 14 years
It will like roughly 750 steem in the account
So 750 steem = 750* 10000= 7500000$(7.5 MILLION)
But due to depreciation it would be worth of say 1 M$ of today(worse depreciation scenario)
So still it's a lot to have....
If your calculations are correct then this investment currently worth $350 could make him a millionaire. It's crazy! But a lot of things can happen between now and then, so we just have to see. I don't really think Steem will hit $10,000, but who knows anymore? We certainly have the possibility of getting a billion or more members in due time, so it might happen at one point.
That's one thing I didn't think of. I see that Minnowbooster offers roughly 35 % annual increase, so it might even double every three years. I should definitely delegate away the Steem if I want him to get a bigger payout for his celebration in 14 years.
Its the crypto world and possibilities are endless. .so 10000$ is not out of range...
And minnow boaster returns are even more as per you...
So this is a promising investment ...
That's a good point. It might boom at one point, especially on such a long-term scale!
In 2009 no one would have predicted and expected that Bitcoin would hit 10,000$. But in 2017 we have seen it. So it is impossible to predict the capabilities of cryptocurrencies.