"...it makes economic sense that the value of steem will go up in the future."

Today I was accused of being illogical for trying to predict the price of steem. It was not a healthy exchange so I had to block the fellow because he wasn't ready to have a decent conversation. Chances are he is on this platform as well. Maybe running an anonymous account, or probably he has heard about steem and wasn't convinced enough about its future.

Well in my defense I will say that the crypto-world is the ground of speculations, similar to the stock market which is deemed legitimate because it is backed by wall streets and governments around the world. And asides being entitled to an opinion, I believe it makes economic sense that the value steem will go up in the future.

The demand exists

Not just for the steem coin but for the services rendered. There are over 300 dapps offering different services; there are different communities offering their talent and skills here; there is data(information) here and every bit of it can be monetized and if steem happens to be our unit of exchange then it makes common sense that it is valuable as well. Facebook doesn't produce any tangible product but it is worth more than the biggest power company in America.

I might not be tech savvy or have a Ph.D. in economics but I do have one thing which has gotten me through many things in life and that's common sense. It makes common sense to believe that a coin like steem which doesn't solely depend on speculations and hype will thrive. It makes perfect sense to me that as many of dapps began to thrive so will steem coin. Just seeing how passionate ordinary people across the world are about this coin and working together, building communities, there are no other clearer indicators that we are on the right path.

Where is the money coming from?

Do you ask the same when you use Facebook, Twitter, Youtube? Advertisement/Stocks/Shares right? People/institutions invest their money in platforms that are actually free to use and do not produce any tangible goods but earn dividends at the end of each year? Isn't this scammy? Well not really. They simply exchange your time and attention for money, it's really no brainer. Doesn't steem do the same? Steemit runs ads, steemmonster sells cards, steem ninja sells steem accounts, people buy steem/upvotes, and some hodl huge amount steem and receive dividends in steem at the end of each year. Isn't that logical? Are there not enough activities going on here to keep it viable for a long time and also increase its value? Because other centralized platforms do not share their revenue with the people who contribute significantly to its growth does mean it's not doable. We are doing just that on steem. This blockchain will continue to exist as the money keeps flowing in and out of it.

I will not mince my words because the average person cannot grasp what's happening here and how we are slowly but steadily revolutionary the world starting from the cyberspace. The average person cannot easily fathom what's happening here because it's strange to them. The closest thing they can liken crypto to is a Ponzi scheme. Well if this is a Ponzi scheme then it's certainly something for tech Giants like Samsung to have an inbuilt crypto wallet on their latest phones or big football clubs like Manchester City thinking about creating their own coin, or a country like Venezuela creating its token. You do not understand a thing doesn't make it a scam. And yes you might have heard about ICOs that failed which is normal in a business terrain. If your business or idea is not feasible then it will definitely fail. Irrespective of the negative hype cryptocurrencies have gotten the truth is that it is here to stay, and for a coin like steem the future can only be bright. In the future, steem will be in your favorite coffee shop or the nearest grocery store. It's only a matter of time.

I do understand that an asset can be overpriced or underpriced. There are a lot of elements that go into these things. However, when you examine the steem blockchain, it's clear that the steem coin is undervalued. When it actually gets recognized by the right people--people with deep pockets-- you definitely going to be hearing prices that beat your imagination. Hypes and trends are becoming important components of the societies we are creating. Steem is yet to get its shot. Imagine if steem was getting the type of attention most coins have? We are not a platform of hypes, here proof of work/brain matters (please don't remind me of the trending page). Regardless of what happens, steem is one coin I will hold on to and not because of I expect it to hit $1000 in the future but because I believe it has the potentials to change lives like mine.

I will shamelessly promote steem any time, any day.