I do agree with you it is human nature to over extend short term forecast, but it is also human nature to under-extend long term forecast. It's much-much harder to see Steem at $1000 and even the absured $10,000 say in a decade. The ironic thing is that the greater error is often made in the latter not the former, and often by more than a factor of 3. People could not see 100MWatt of electricity use after 50 years of expansion, in fact they plan for max use of only 10MW. We are beyond  100,000 TeraWatts now.

$50 to $100 Steem (or more as it often overshoots in a bull run) is achievable in the mid term.  I hope you hold on to yours, it would be worth 6 figures based on what you got today.

I've heard rumors of reddit, Facebook, and maybe others hiding posts about Steemit. They have an extreme level of control over what is and isn't seen, and this *is* a threat, even if just a small one for now.

Yes they will, but when and how will fast can they adapt?

If fb launches it's own blockchain and start paying it's users for just using, it means 2 drastic things:

1. It **validates** Steem and all it possible future fb blockchain competition. 
2. It is a **Big** cut into it's earning. Imagine the shares dropping from half a Trillion by 50%. and Imagine just 10% of that money going into Steem....big implications. Money always flows to stronger underdog competitor in a *fight*.

I look forward to the day they see the tsunami coming and do fight with Steem.

Isn't the Steem price already as high as Facebook shares?

https://cdn.pixabay.com/photo/2017/12/11/19/29/labrador-3013039__480.jpg

But you also have to consider we are only 15x bitcoin,

and in a decade we are only 20x bitcoin and in the future HF may even slow down the necessary inflation (which our SP protects us from) when users >1Mil, or when user> 10 Mil, and user >100 Mil, etc.

But btc has a greater problem, it's current 10% taxation of transfer makes it way more costly than Steem. This is a serious problem tht will slow down BTC growth from $20,000 to $200,000. I don't see why it won't slow it down.

A friend yesterday tried to transfer $150 and against my advise to buy ltc for faster trasaction via @blocktrades to Steem wallet. He bought BTC by default and found out the cost of transfer from the exchange to Bittrex, Poloniex, or Blocktrades will cost him just over $30 and he got turned off, and din't want to move trade it calling btc a scam in fees.

I told him to either buy more btc say $300-$400 or wait till weekend or when btc price is steady not up and down and fees are cheaper.

Fees is going to be a **bigger** factor for btc ongoing than just Steem being 15x more in coin when our usage will likely surpass BTC usage in less than 1-2 years time.

absolutely not! hehe ;p

Do you have enough steem right now that you would be happy if it took off? Haha ! Nope we dont!