You are viewing a single comment's thread from:
RE: Why is bitcoin going through the roof and steem locked in it's place?
Steem inflates. More and more Steem is created everyday.
A lot of the current users are from 3rd word countries, and sell everything they earn on steem.
So we are in a scenario where the Supply is growing about the same speed as demand.
When the demand for steem comes - and it will come, the price will go up. I suspect steem will stay at the $1 mark for awhile and when it becomes more mainstream it will surge in price.
Don't forget that Steem pays a dividend. Holding steem and just posting/upvoting will earn your $. A lot of people forget this. You really don't earn anything from bitcoin until you actually sell.
Do you think steem could get as high as the bitcoin?
That would make almost a Billionaire, I don't think so. But it can go pretty high though, especially if it gets picked up by some influentual people, it can go pretty fast!
I would be only a millionaire, but hey I'm not complaining, ;)