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RE: An Idiot's Guide To Committing Mass-Steemicide
I think STEEM may survive in some regard, but the Steemit aspect of it will have to change dramatically in the future to adopt an entirely new, mostly automated economy. I do think, however, that STEEM has not yet peaked in terms of its value, and will next summer, or perhaps the summer after, reach something ridiculous like 0.1 BTC. However, that will coincide with a crash in bitcoin's value, with it probably dropping lower than five years or more.
After that I suspect most altcoins will die as BTC climbs back up to dominate, and it will be during this time that I think Steemit will have to adapt to survive.
A crazy prediction to you perhaps; but you did ask.
That's not a crazy prediction at all. It's exactly what I was looking for. So you're thinking Steem has got something like 2 years in it, depending on what happens with other factors not related to this particular platform and BTC has maybe 5 years but those will be in decline for maybe the two of those five before it comes back.
I'm in line with those ideas.
For the record, in my opinion, anyone investing in alt coins that are not in the top 100 with the thought process being these coins could possibly go up like 10,000 times is taking a gigantic chance on throwing money in the toilet.
Thanks for the thoughtful reply! I agree with the analysis.