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STEEM is going to $10, does anyone have any questions? by davebrewer

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· @davebrewer ·
$28.13
STEEM is going to $10, does anyone have any questions?
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<p><br></p>
<p>https://steemitimages.com/DQmQY8tAryqeiSMxvuU2PfM8f5cEWhuDb56nxPBem5fA4S4/alexa%2C%20Aug%202.JPG</p>
<p><br></p>
<p>Will STEEM go to $10 by December 2017? Will STEEM go to $10 by 2020?</p>
<p>This is a topic of many previous posts on steemit by other authors. Some of the more recent are included below. One of the most recent and better quality posts on this topic is by Jerry Banfield of course.</p>
<p>I'd like to put my spin on the analysis. I welcome all feedback if you have questions or comments.</p>
<p>First topic. &nbsp;Is site traffic, users, and popularity rising? Yes. By leaps and bounds. When @jerrybanfield posted about $10 STEEM just two months ago, ALEXA listed steemit.com as rank 4,550 in US and rank 12,000 globally. &nbsp;</p>
<h3><strong>ALEXA reports today that steemit is ranked 1,363 in the US and&nbsp;3,000 globally.</strong></h3>
<p>That is phenomenal growth in just two months. This trend bodes well for the future.</p>
<p>A recent post by @stephenkendal provided evidence of more than 2K new users per day added throughout June. This leads to the conclusion that steemit could surpass 650,000 users by end of 2017. With HF20 allegedly focused on improving on-boarding for new users, 650K seems well within reach for EOY 2017.</p>
<p>Good news: evidence seems undeniable that steemit.com popularity is increasing at a phenomenal rate, and users are being added at an exceptionally high rate.</p>
<p>But now the unfortunate cold water in the face unhappy dose of reality. None of this information is a secret.&nbsp;</p>
<p><br></p>
<center>https://steemitimages.com/DQmSekXjRynKLmz4B7EXFN5RYBRQjBumQ6z9mokdXEAHGNn/coldwater.jpg</center>
<p><br></p>
<p>This is public knowledge at this point. And if you believe in the efficient market hypothesis, all of this information is already baked into the current price of STEEM at $1.23, leading to a 21st level ranking for cryptocurrencies by market cap on coinmarketcap.com</p>
<p>&nbsp;The <strong>efficient market hypothesis</strong> (<strong>EMH</strong>) is an investment theory that states it is impossible to "beat the market" because <strong>market efficiency</strong> causes existing prices to always incorporate and reflect all relevant information. (from investopedia.com)&nbsp;</p>
<p>The market predicts and already expects that steemit.com will be in the top 1000 sites on ALEXA by EOY 2017.</p>
<p>The market predicts and already expects that steemit.com users will surpass 650K unique users by EOY 2017.</p>
<p>And the price of STEEM is sitting at $1.23, even with all this information being public knowledge.</p>
<p><br></p>
<p>So, what are the realistic chances of STEEM going to $10?</p>
<p>In my opinion the chances are still good. But it won't happen based on the future unrolling exactly as already predicted.</p>
<p>For STEEM to go to $10, we need new information and new data, that is currently not known or predicted.</p>
<p>What could this be? &nbsp;Some ideas below on what new information or data could potentially drive STEEM to $10.</p>
<h3>Crypto-currency total market cap expands from $100M to $800M&nbsp;</h3>
<p>The total market cap exploded from approximately $30M to almost $120M in just two months in 2017. 4X gain in just two months. Not a stretch to imagine or postulate an additional 8X gain in the next 40 months. Crypto total market cap could feasibly get to $800M by EOY 2020. STEEM follows along for the ride, but does not change or improve it's relationship to BTC pricing. &nbsp;&nbsp;STEEM price is pulled up by 8X as the total market goes up by 8X. &nbsp;<em><strong>Presto, STEEM is $10 by 2020</strong></em></p>
<p><br></p>
<center>https://steemitimages.com/DQmbTMWdzPRUNT9g4ARWY5v3WAE1qbMKSRyDv2H7hWmqUXR/advertise%2C%20aug.jpg</center>
<p><br></p>
<h3>A solid advertising model evolves on steemit, to further monetize the platform</h3>
<p>We already have early adopters on the platform who are exploring how to use steemit to effectively deliver advertisements and presumably generate business revenue. Take a look at @bookingteam.com. An early adopter trying to develop an advertising model for their business. They have enough whale support to regularly get upvoted and get their advertising posts onto the trending and hot pages. If this particular model were to mature, the takeaway is advertisers would choose to buy a significant stake in STEEM and power up, so they can use their SP to push their posts onto the trending and hot pages and secure views. &nbsp;Advertising. &nbsp;I'm not sure that model will take off. Perhaps it will? Perhaps there are models that could work on steemit? But ultimately social media sites have historically had to develop an advertising model to realize their full financial potential. &nbsp;8X increase in site financial potential could be explained with the emergence or introduction of an effective advertising model on steemit. &nbsp;<em><strong>Presto, STEEM is $10 by 2020.&nbsp;</strong></em></p>
<p><br></p>
<h3>New Communities implementation and support on Steemit rolls out with unbelievably excellent set of capabilities</h3>
<p>Steemit is still awkward to use in terms of easily finding information, creating your own system for storing/accessing information, creating your own community of interest of topics (like reddit) or communities of classes of people (like FB). &nbsp;Steemit is not as user friendly as it needs to be if the goal is hundreds of millions users, which would mean primarily low tech users to get to that volume.&nbsp;</p>
<p>The future trends for steemit growth are known and understood based on current platforms capabilities. But if the Communities implementation is exceptional, the current predictions for growth might be grossly underestimating platform growth. &nbsp;Communities could be so well done that the rate of adoption by new users and platform traffic and popularity increases by 8X. <em><strong>Presto, STEEM is $10 by 2020.</strong></em></p>
<p><br></p>
<h3>Some combination of previous three factors or three similar factors</h3>
<p>For each case above, we looked at an 8X increase in STEEM price due to one single cause. But it is also conceivable that all three of the factors above occur, but with a reduced scope of impact. &nbsp;Perhaps each of the previous three factors can only drive a 2X increase in STEEM price by themselves. &nbsp;But by simple math, 2x2x2 = 8X. &nbsp;<em><strong>Presto, STEEM is $10 by 2020</strong></em></p>
<p><br></p>
<center>https://steemitimages.com/DQmeGj7RjxqtV6tzuD1wNqJrcjmuNGoZAGtzQGKomYqZ9Wm/donmarquis1.jpg</center>
<p><br></p>
<h3>But DaveB, $10 by 2020 is such a ridiculously low estimate that you are being way TOO PESSIMISTIC !!</h3>
<p>Steemit appears to prefer and reward optimism. And doesn't reward pessimism. Am I being pessimistic reporting that STEEM price could rise to $10 &nbsp;by 2020?</p>
<p>Make sure you understand what that means before you jump to an assumption of pessimism. &nbsp;STEEM going to $10 by 2020 represents an 8X increase versus today's price. &nbsp;This is approximately 2X increase per year, for the next three consecutive years.&nbsp;</p>
<h3>STEEM at $10 by 2020 is 100% increase per year, for the next three consecutive years</h3>
<p>There is no other investment that is available to normal investor's, that would provide returns remotely close to this level of return. &nbsp;"Normal investor" as distinguished from accredited investor. An <strong>accredited investor</strong> is a person or entity that can deal with securities not registered with financial authorities by satisfying one of the requirements regarding income, net worth, asset size, governance status or professional experience (from investopedia).</p>
<p><strong>If you buy $1,250 of STEEM today, you could have more than $10K by 2020, if STEEM grows to $10 by then</strong></p>
<p><strong>If you buy $125,000 of STEEM today, you could have more than $1M by 2020, if STEEM grows to $10 by then</strong></p>
<p><strong>If you are a whale today with $1.25M or more of STEEM, you could have more than $10M by 2020, if STEEM grows to $10 by then</strong></p>
<p>&nbsp;</p>
<p>I know this forecast and assessment will be disappointing and viewed as dismal to some. &nbsp;If you were predicting STEEM price going to $10 in the next two months or the next eight months, then my prediction of STEEM going to $10 in 40 months is going to seem lame.</p>
<p>My push-back is predictions of an 8X price increase in 2 or 8 months sounds like flim-flam. It sounds like a sham. It sounds like you are running a pump and dump. It sounds like you are selling lottery tickets. It sounds like typical marketing BS for every known Ponzi scheme. And in my opinion this cheapens the platform, by promising or predicting something that sounds too good to be true. If it walks and talks like a duck, it is probably a duck.</p>
<p>Step back and realize that an investment that can grow by 100% per year, for three consecutive years, could be the best investment opportunity you will ever get for the rest of your life, for any investment, and including the case that you are only 18 today and you live to 98.</p>
<h3>8X gain in three years would be phenomenal. &nbsp;&nbsp;And is realistically feasible with STEEM.</h3>
<p><br></p>
<p>Thanks for reading to this point. Please upvote or resteem if you found the material thought provoking.</p>
<p>All substantial comments will be appreciated, pro or con, and will be replied to.</p>
<p>STEEM On!!</p>
<p>DaveB</p>
<p><br></p>
<p>https://steemit.com/promo-uk/@stephenkendal/steemit-i-am-sticking-to-my-minimum-projected-target-of-650-000-accounts-by-year-end-but-i-think-we-need-a-lot-more-marketing</p>
<p>https://steemit.com/steemit/@jerrybanfield/10-reasons-for-usd10-steem-price-in-10-months</p>
<p>https://steemit.com/steemit/@abitofeverything/steem-to-hit-usd10-this-summer</p>
<p>photos from youtube.com, brainyquote.com</p>
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@ajlillie ·
$0.49
Interesting analysis, upvoted and followed! Happy to have joined this community now, curious to see what the future has in store.
👍  
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@davebrewer ·
Welcome to the community.  Thanks for reading and commenting

STEEM On!!
DaveB
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@amanjain2k ·
I believe it will go $10 soon.
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@davebrewer ·
Could happen
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@amanjain2k ·
hope for the best :)
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@arturomdg ·
$0.37
I don't know when it's gonna happen, but I'm sure it's gonna happen. Those who are in Steemit for the long run will have a lot of joy in this platform. Brilliant analysis @davebrewer, thank you for sharing :)
👍  ,
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@davebrewer ·
I like your confidence.

STEEMOn!!

DaveB
👍  
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@arturomdg ·
Thanks ^^
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@autonomysystem ·
Thanks. Resteem
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@davebrewer ·
Woo hoo.  Thanks for resteem
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@bbrewer ·
$1.53
I think you are right on. An 8x gain by 2020 is realistic and phenomenal. People in the crypto world need to learn patience.
👍  , ,
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@davebrewer ·
$0.15
Thanks for reading and comments
STEEM On!!
DaveB
👍  
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vote details (1)
@blazing ·
$0.31
it may be possible my quite not may be the highest it can go till December is my be 5 dollars its my personal opinion 
if it goes to 10 $ i will be more than happy :D
👍  ,
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vote details (2)
@brothermic ·
$0.89
on the one hand i want steem to be low in price for as long as possible to be able to get alot more steem as reward then when price would be high. However I think that soon steemit will get more and more adopters like you say and prices might go up higher and sooner then you are writing. Price went this year from 7 cents to 2.7$. Then the heasi arouhnd bitcoin ahppend. So potentially in 1 year or 2 years we might see a much higher price for steem. Especially when the next HF are happened and when steemit is out of beta and doing marketingcampaigns.
👍  ,
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@davebrewer ·
Thoughtful comment - shows you are thinking and planning.  

Best result for any individual is prices are low for a long time to allow maximum entry, and then price takes a huge jump when you need your money for other purposes.

Applied to the stock market, the best result for anyone in their 20's, would be an 80% crash, so they can invest maximum now and get most for their money.   With the market recovering in 30 years back to new highs, when they need to start withdrawing money.

Of course an 80% drop in stock market would be on the back of other major real world calamities, so no one of any age would practically want the 80% drop

But I see the principle of what you are saying

STEEM On!!
DaveB
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@codingdefined ·
$0.49
Just wanted to know are we doing Steem marketing, like Bitcoin has been marketed so well that it touched 2700$. If we can market Steem also, surely it will reach double the price what you have predicted.
👍  
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@davebrewer ·
$2.47
The history of Bitcoin is more complicated than you imply.  It hasn't been "marketed" in anything like a traditional sense of that word.  Their is an argument that the price is so high more due to the "anti-marketing" nature of how Bitcoin started and has continued.

Keep plugged into to steemit.com and you will see many folks working on their own projects to market STEEM.  Lots of little projects add up to momentum.

You may have missed the main point in my article though.  Marketing STEEM to attract more users is already baked into the price.  It is well known and publicly known that marketing is going on and users will be growing.

That needs to continue just to meet current expectations.  To grow beyond current expectations, new and surprising and unexpected information has to become available

STEEM On!!
DaveB
👍  ,
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@codingdefined ·
Great to know. Thanks !!!
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@coincentrado ·
$0.43
The issue of communities could be fixed by just giving us the ability to follow/mute tags.
👍  
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@davebrewer ·
That sounds like a simple change that could be a good start on communities.  Not sure that that would be a completely awesome and amazing implementation of Communities, that would cause platform growth to be 2X or 4X or 8X current predictions.   But it would be a simple start.

I'm always in favor of lots of small continuous changes, as fast as possible, to experiment and find what works and what doesn't; and keep evolving quickly.

Unfortunately no evidence that this is the philosophy of developments and HFs for Steemit.com

STEEM On!!
DaveB
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@creative-mind ·
$0.24
I'd be more than happy if steem reaches $10. Nice post man.
👍  ,
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@cryptosphere ·
$0.50
I believe you are correct. It's one of the few very solid cryptos that will yield 10x for sure going forward.
👍  ,
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@davebrewer ·
$2.44
I didn't say $10 for sure.  I provided a path where $10 by 2020 is feasible.  If $10 by 2020 was "for sure", then you should liquidate all your savings today and put that money into STEEM.  That obviously isn't a wise plan.  Since $10 isnot "for sure"

Thanks for reading and commenting

STEEM On!!

DaveB
👍  ,
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@cryptosphere ·
oh no, you didn't say for sure...  (I said it :D)  looking at the growth rate of STEEM and the potential user base going forward, $3billion market cap seems inevitable... although it may take awhile.
👍  
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@dinisanda ·
$0.52
Yes...totaly agree with you @devebrewer
I always think and wish steem going to over than 10$..
wel done and thank you so much sharing valuble post...
Cheers!.
👍  
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@ericwoelk ·
$2.41
I am expecting a definite $10 value. The question is, in how many months?
👍  , , , , , ,
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@davebrewer ·
Hope we get some positive surprises that no one is expecting, that will help jump the price up to $10
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@ericwoelk ·
$1.98
Yes, most importantly getting Steem known outside the world of crypto and into the mainstream internet bloggers and vloggers!
👍  , , , , ,
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vote details (6)
@randowhale ·
This post received a 3.1% upvote from @randowhale thanks to @ericwoelk!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
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@karensuestudios ·
$0.72
Alrighty, waiting for 2020! I'm a crypto noobie, so I always appreciate articles like these. The longer I'm on Steemit, I realize, I can't help but learn about cypto!! Good Stuff.
👍  
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@davebrewer ·
Thanks for reading and thoughtful comment
STEEM On!!
DaveB
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@kontora ·
$0.76
I know it will reach $10 it's just a matter of when, I am glad I have the amount of Steem Power I have now but I really want more.  Just gotta work at it everyday.
👍  , , ,
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vote details (4)
@davebrewer ·
$2.38
If you know it will reach $10, that means you can see the future.  Anything else you have seen that you want to share?  LOL

STEEM On!!
DaveB
👍  , ,
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@lexiconical ·
$1.03
*"Take a look at bookingteam.com"*

Ugh, I'd rather not look at a bunch of junk mail flyers, thanks:

https://steemit.com/curation/@lexiconical/exposing-advertiser-circle-jerks-in-trending-reward-pool-rape-and-bookingteam-com

Thanks for the post, upvoted.
👍  ,
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vote details (2)
@davebrewer ·
I agree that an investigation of what is happening makes it look an advertising circle jerk.

To try to be somewhat fair, it is an early attempt at advertising so not surprising it lacks subtlety, and I expect it is also lacking in effectiveness.

But advertising has to start from somewhere.  It should become better with more trial and error.

Thanks for reading and comments.

STEEM On!!
DaveB
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@losgrandestops ·
Yeeeah! soon!
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@davebrewer ·
Woo Hoo
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@maxer27 ·
$0.24
Great post! Resteem)
👍  
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@measbong ·
$0.31
It will reach that price, but it just needs more time!
👍  ,
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vote details (2)
@naveendavisv ·
Nice post
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@oudekaas · (edited)
$1.82
Like your post! I wonder if  EMH applies fully here though. Because the price of steem is very dependant on variables that are not entirely based on how a normal market works?

The fact that by powering down people (right now those people are whales) can selectively choose to flood the market with more steem (ie. creating inflation) could simply mean that the price of steem is being held down due to whales simply reaping reward. This means the economy of Steemit is not  balanced yet. Right now (last 5/6 days) every day  approx -100000 steem per day is flooding the market through people powering down plus the normal inflation of steem which is 100%. I am not sure what the math is on this, but I think it probably requires quite a bit of buying power to overcome that steem.  
I will have a go at it:
steem is 1.25$ $ 100000 =  125000 $ worth of steem a day

The value of steem has inflation 100% so without investment value will be half in 1 year.
So 300 million $ marketcap willl be 150 million dollar in 1 year that means:
150 million dollar per year neads to be invested if all steem were openly on the market.
But a lot of steem is not it is powered up.
Let say 10% of steem becomes free that means 15 million dollar will have to be made up every year to keep the price from falling.
15 million/ 365 = 41000$ a day = 14 BTC approx

This brings the total to 41000 + 125000 = 166000$ a day which would be 61 BTC


Well I think I made a mistake here somewhere as this seems way to much so will come back to this. (on my holidays right now) So if someone else can do the math be nterested to see what comes out 😀
Wonder what your view is on what a reasonable assumption is in terms how much investment Steem needs right now to keep it from dropping. (taking powering down into account)

It could well be possible that we are now in a period of proportionally high number of steems flooding in the market through whales powering down.
So at the moment I think the economics of Steem are way to unbalanced to throw theories at it.
It has to mature, but my main worry is that apart from the rule that 1%  per week of the amount that is powered down floods in the market, there is no protection.
So if the whales decide to all power down obviously that will crash the whole market even at 1%.
I think in order for Steem to work the whales need to be aware that 1% is not going to save Steemit from collapsing on itself.
There have to be more safeguards. My proposal would for instance be to make a variable adjustment to how long the power down takes.
If the economy is healthy and people buy in a lot perhaps drop the power down to 2% a week. If it is not so healthy perhalps make it 0.5%. 
At least in the initial years otherwise I am afraid that he amount of Steem flooding the market will drop the price of steem to a point the curation reward is so low, you might as well try and sell your content on the porch with pen and paper.
Whales need to take responsibility to not power down more then the current economy can take.
👍  , , ,
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vote details (4)
@davebrewer ·
$2.51
Thanks for extended comment.   I agree that analysis of STEEM is not same as normal markets and not same as analyzing normal social media sites.  Allowing users to purchase into the platform is unique and therefore will result in new and interesting outcomes.

Nevertheless, I think EMH will generally apply.  There is an expectation of a certain amount of powering down activity.  If the amount of powering down is higher than expected, that could drive prices lower as you predict.

Converse, it would be surprising and currently unexpected if all the power down stopped.  That would be something that would likely drive STEEM price higher.

If all of a sudden everyone developed extreme high confidence in STEEM price going higher, and stopped all powering down, that is a trigger for jump in STEEM price.

What could cause that?  What if we find out Berkshire Hathaway has invested $50M to become a whale on steemit?  That would likely cause a huge jump in STEEM price.

STEEM On!!
DaveB
👍  , ,
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vote details (3)
@jzeek ·
Hi @davebrewer I've published a post about you, check it out if you can, thanks.

30 Best Steemit Bloggers Of The Day To Follow 3rd August 2017

https://steemit.com/steemit/@jzeek/30-best-steemit-bloggers-of-the-day-to-follow-3rd-august-2017
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@tyroan ·
$1.67
Incredible post and informative responses.  Reposting for sure.
I totally concur. Thank you and Steem On
👍  ,
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vote details (2)
@oudekaas ·
$0.85
DaveB I just noticed you wrote this post,  I believe by coincedence I am having a similar reply as yesterday lol.
Well I think you are right though, I believe Steem will go to great lengths, but I do also believe whales have to be responsible and perhaps make a pact not to crush the system.
Counter arguments that whales don't want to flood the system are fair enough, but the way the 1% rule now works I feel that it is very difficult to know for a whale what the consequences are if too many of them are powering down at the same time even at 1% since they are holding 80% of all steem.
Rather then posting it just here I shall try my best to convey  this message to the higher powers.
I would like to invest more in Stem Power, but the above issues concern me.
👍  ,
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vote details (2)
@oudekaas · (edited)
$0.73
Hi Dave after sesrching for weeks I just came across the best explanation how Steem Power and vests work. I still don't fully understand but I will read these posts few more times to get my head around it.
I personally think this is a mustread for any investor out there.

https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things


https://steemit.com/economics/@chiefjay/where-does-the-money-come-from-part-2-of-my-steem-economic-model
👍  ,
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vote details (2)
@davebrewer ·
$2.53
Suggest you read the original white paper to get an understanding of where it all started.

And then realize the white paper is out of date and doesn't included changes from the 19 Hard Forks

Biggest changes I am aware of versus original whitepaper:

- inflation is now set to 9% per year, versus 100% per year in original whitepaper

- power down now takes 13 weeks, versus 2 years to power down in original whitepaper

- rewards are now linear with your SP, as opposed to quadratic with SP in original whitepaper.   This helps minnows.  Originally someone with 10 SP would have there vote count 100X as much as someone with 1 SP.  Now that rewards are linear, someone with 10 SP has a vote that counts 10X as much as someone with 1 SP.

STEEM On!!
DaveB
👍  , ,
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vote details (3)
@oudekaas · (edited)
$0.80
thx for that info lol back to the drawing board. Why is everyone and everything still talking about 100% inflation I wonder. 
I did indeed find these numbers in the FAQ just now so thx a lot.



https://steemdaily.blogspot.com.es/2016/11/STEEM-Hardfork-Version-0.16.0-Informative-Post-keeping-up-with-Steemit-is-Development-on-GitHub.html

Found this link, which is quite old so this change to 9% was last year but still I see recent youtube video's of internet guru's claiming the 100% inflation this seems ridiculous. Because every serious investor would read the white paper.

Am I missing something here?
👍  
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vote details (1)
@praful ·
$0.24
I believe that steem will reach $10 in some years
👍  ,
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@prince-maanisaad ·
I am down for Steem going up to $10 or even $100 by 2020!! ;-)
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@puffy ·
Upvoted. I'm going to resteem this now :]
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@davebrewer ·
Woo hoo.  Thanks for resteem
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@purpleblob ·
$0.49
Great post summarizing the possibilities of Steem. Steem reaching $10 seems extremely probably and I would be surprised if it does not happen by 2020. A 100% return per year is a incredible and I'm glad it's been made possible by such a great cryptocurrency backed by a great community.
👍  
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@davebrewer ·
I'm not comfortable even with "extremely probable" that STEEM goes to $10 by 2020.  There is a path for that to happen. But I don't think "extremely probable" correctly states the probability of that outcome

STEEM On!!
DaveB
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@randowhale ·
This post received a 3.6% upvote from @randowhale thanks to @davebrewer!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!
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@revelationquotes ·
$0.80
Man that is awesome.  I would love for that to happen.  Great stuff.
If I can ride this wave and add to my position on a daily basis, there could be a lot in this for my account and all those involved.
Thanks for the post.
👍  ,
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@davebrewer ·
Big upvote for your realistic view and feedback.  It would be awesome if STEEM goes to $10.  Dollar cost averaging into that outcome is the conservative way to maximize your total return

STEEM On!!
DaveB
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@revelationquotes ·
Absolutely!!!  I am buying STEEM everyday.  Thank you.
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@rtdcs ·
$0.90
For me it's only a matter of time for Steem to reach USD 10, especially if you compare Steemit with Fakebook and Youtube, which are increasingly censuring people.

To speed up this process we need more people to go offline by promoting Steemit, bringing new people.
👍  
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@davebrewer ·
Censure by FB should make people leave in droves.  Steemit needs to provide a friendly landing place

Thanks for reading and commenting

STEEM On!!
DaveB
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@skycornish ·
$1.04
I think STEEM will be over $10 within a year.  It is not comparable to a typical "stock" and is not a typical "company."  It's a brand new platform that we have never seen before and more people find out about it every day!  This is gonna be fun!
👍  ,
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vote details (2)
@davebrewer ·
Were you around for the dot com crash of 2000?  Same stories told then.  THIS TIME IT WILL BE DIFFERENT.  WE ARE CHANGING THE WORLD.

But it wasn't completely true.  It was premature.   And a big crash ensued.

STEEM On!!
DaveB
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@slavix ·
$0.89
"steemit.com receives about 130,500 unique visitors and 675,990 (5.18 per visitor) page views per day"
http://steemit.com.hypestat.com/

This number keeps rising every time I check and went up about 30% just in the last month.
👍  ,
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@davebrewer ·
Yeah !!!   New information and knowledge in that comment.  Thanks for providing that pointer and information

STEEM On!!

DaveB
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@sleepy-gary ·
$1.30
Interesting hypothesis. I was wondering earlier if investing actual money would be a good investment. I will not take this as financial advice or suggestions, but it's good food for thought. Thanks for the analysis. 

PS do you think there is a likely increase coming down the pipes? I haven't met anyone IRL or online who uses it outside of the site itself, but   thats just my limited experience.
👍  ,
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vote details (2)
@tarquinmaine · (edited)
$2.54
A very rational analysis for sure. I'm more optimistic though. I understand that Wales brought the price down to what it reached in mid March and Wales powering down are probably holding the price down now... but I think many people are mopping up what is being sold off which is why price is currently stable. The whole market has had the jitters since the BTC fork was announced. The confidence hasn't yet returned. Steem has followed bitcoin in its rise this year  stepping up in value in a two steps toward one back way since March. I think once Bitcoin breaks through 3k we'll see investers back into the alt market badking  Steem and Eth. and the other top currencies. It's only a matter of time to see when   Steem breaks through it's previous highs. I believe it's one of the best buys out there right now for shortish, medium and long term investment. As a stratedgy  we should all be curating non performing posts and helping the new guys have confidence. Spending hours writing posts which vanish in a puff of steem with 3 views and one vote doesn't encourage anyone. Voting for the top hitters who brought in massive databases of followers from outside Steem, or got a foothold in mid 2016, keeps the platform stagnant. Thinking about this I'm now going to try and visit the 'introduceyourself' tag daily... onwards!
👍  , , ,
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@davebrewer ·
Agreed.  Go do some excellent curation, I'll follow, lets help minnows build confidence

STEEM On!!
👍  
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@way-truth-light ·
$0.43
I compared it to fb a few days ago and saw steemit could be an 800-bagger if it caught up.
👍  ,
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@davebrewer ·
I can't tell you for sure that STEEM won't turn into an 800-bagger.  It could happen.  Even lower chance of that outcome than the less aggressive  target of $10.   Sounds like you are a FOOL fan.  Motley on!!

DaveB
👍  
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@way-truth-light ·
Honest I didn't get that from Motley Fool, just doing mental gymnastics.  Counting chickens before they hatch...
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@willstephens ·
$1.85
This is a really good post! The most well-reasoned valuation for Steem and an angle we all need to know in order to set our expectations at a reasonable level! 

As you say, the current valuation of Steem already has considerable future success well-baked in ;-) 

I think we may well see more growth in other crypto investments, higher up the pyramid, such as EOS and OMG for example - but with Steem we get to earn extra currency along the way so even if it rises less we've got more invested ! A Win-Win World ;-) 

Smiles to all and enjoy the next 40 months!
👍  , ,
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@davebrewer ·
Thanks for reading and comments
STEEM On!!
DaveB
👍  
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@zeartul ·
Wanted to let you know @bellyrub is now at 50k SP : )
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@davebrewer ·
Well, not exactly 50K SP.   

88 SP to be more precise.  

So just 49,912 more SP to go, and bellyrub can be at 50K
properties (22)
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@bellyrub ·
?
properties (22)
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