cool article !!!

Only a few more hours left before the change in mining, it'll be interesting to see where we sit tomorrow morning!

What can you actually do with steem? For what do you need it?

I am trying to think about it in regards to market cap.  Right now we're at about $20M.  However in a year its been stated that there will be 500M steem in existence.  If we maintained a price of about $1 per steem, we would have a $500M market cap.  Thats definitely possible, and would make me a millionare, so its my preference.  It might be a tad optimistic though.  

Please iPhone app, the steem is good product.
Decentrized killer contens.

I expect we'll be seeing ~.002BTC/STEEM on the markets this week or higher with the end of significant PoW and the change to witnesses.  Also all of the new mining will be going into VESTS (Steem Power) and not liquid STEEM.

![](https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQ1RJ43RhH5h6Rqdl_Tjt_s9D7DTd6IwinNFeJLy0vX15dfOFxi)

I expect a good pump when STEEM is added to poloniex!

The price will most likely spike as people hear more about steem and it gets onto more exchanges. However, as people realize that there is no tangible value underpinning the price of steem people will sell and the price will continue to decline in accordance with the dilution of steem to pay of content creators and curators.  

Steem doesn't entitle the holder to any revenue streem, so the value of steem is entirely subjective, making it impossible to speculate what the price will be in a year, a month or even a week. 

It would be wise not to "invest" in steem, and instead just use the platform to find and post new information.

can someone open up a bitSteem market so i can short?

What's steem?

It will raise exponentially when critical mass of people understands the benefits steem provides over other social medila channels

Steem is a difficult beast to speculate. It's so different compared to other cryptoprojects.

1. Inflation is high. If the price stays same, total market cap will be going up.
2. Most of Steem is locked up. That makes liquid market cap very small compared to total market cap.

This can cause wild volatility until speculators start to understand how this works.

We might have some interesting situations, like if the price is falling slowly. If it falls slowlier than inflation, we are in a situation where price is falling but total market cap is rising.

First of all Steem is a cryptocurrency really different from the others, more involving the community than any other currency which is , I consider, as a force. Moreover the money has only been registered since 18 days and its marketcap is already nearly at 8 million $, so if you want my opinion I think its going to do just like with Ethereum I guess It will reach the 8-9 dollars per Steem in 3 months and probably 100 $ in a year as more and more enterprises are getting interested with the crypto-currencies so the people will get interested in and the price will skyrocket

**Price Steem**  
Bittrex: Price: 0.0012 BTC;  VOL: 73.20750955 BTC  
Bitshares: Price: 158/BTS p/Steem (0.0016116 BTC) |  VOL: 935,000 BTS 

Where can one find the current price of STEEM?

# **Steem price update :** https://steemit.com/steem/@tuck-fheman/steem-price