Hey guys,
Today I played a bit with numbers to see what could be the possibilities of Steem if it reached the same market cap as Bitcoin.
Image : Cointelegraph
To make it simple, I would say Bitcoin has a market cap of 100 Billions Dollars today (around 96 B$ at the time of writing)
So Bitcoin = 100 B$
Right now, Steem = 238 M$ at 1$/token (ish)
I'm not talking about speculation, I'm talking about potential.
For me, If there is one altcoin among all of them that would hit the mass adoption first, it would definitely be Steem.
Total circulation supply : 261 853 046 tokens
So imagine, just imagine if :
Steem Market Cap : 1 B$ (extremely reasonable in 2018)
Price would be around 3.81$ per token
Steem Market Cap : 50 B$
Price would be around 191$ per token
Steem Market Cap : 100 B$ (same as Bitcoin today)
Price would be around 381$ per token
Well at 381$ even with my little wallet (for now), I could buy a house and bring security to my family =D
Because I trust so much in Steem, I will soon ad severals thousands of dollars to my Steemit account.
According certain analysts, by 2025, the crypto market could reach 5 Trillions Dollars.
Well, I'm confident that Steem will still be around =)
Are those numbers sound crazy to you or do you believe in Steem's potential ?
Happy life Steemians
it is quite possible, upvoted:)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hope you’re right!
Good idea powering up - I’m doing it each month as I am confident that the issues will slowly be ironed out and it will go up.
No clue on the timescale, and don’t think we are looking at $100b anytime soon, but who knows...
The fact that you can earn an income on your Steem is also a huge plus!
Cheers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm with you the lagging should get resolved pretty soon and I think it already started =D
For the 100 B$ I'm not expecting it in 5 years time lol
But who knows? Maybe 10 or 20 and hopefully I will still be around to tell my kids how to trade crypto haha
Thank for the comment my friend =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I guess you are right! Steem has a huge potential.... Once people start discovering this platform,I can bet everyone will leave facebook and other sites to join steem!
And the figures are still believable...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed they are =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know what to say, if it does not stop this inflational model, or if it does not make it slower, there will be a time when it will lose value.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're right I didn't consider the inflation. It was just potentiality and a lot of hope haha =D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Anyway for the short/middle term it will increase in value, as it will gain more users than inflation which will lead to rising its price. But after that step is reached, it will start losing value. And again: there may be a hard-fork with the sole purpose of stooping the inflation. Ether already did this and reduced the miners rewars in order to reduce the inflation, and it's doing great!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dan is a genius, I'm sure he figured that out already and will propose something to his users when the time is needed. Thank you for your good words my friend
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, you are right, STEEM Has a bright future. You are doing great powering up!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Steem got the steam!!!!! Steaming in.
This is a crazy idea. I mean who would have thought few years ago you will get paid of posting and commenting on social media.👍👍👍👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha yes who would have bet to be paid while explaining our ideas =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Like the idea, but I'm not sure it's realistic..👍 But you have an important point, there is a lot of potential in STEEM, and it could very well become one of the front—runners towards mainstream adoption! That means STEEM is a great buy👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not realistic .. Yet =D
Time will tell us if I was a damn idiot or if I was the hidden son of Nostradamus haha =D
Happy to have you on board my friend
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I know...everything can happen in the crypto world👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe and i can wait.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey my lovely @immarojas, nice to have you around =)
Hopefully sooner than later
Nice post on Lisbon, I can't wait to be there =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You better plan then if it's sooner ;)
You off to steemfest or some other time?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not yet but a friend of mine is going to Lisbon =)
and you are there right? When is it already ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hackathon is on the 30th..Steemfest from the 1st till the 5th.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great =)
Will be cool if you write a post about it =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was playing around this this idea in my head, but you actually put the numbers together. Thanks!
Steemit has a lot of potential!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha we are on the good train =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think Dash would see mass adoption faster than steemit. Still I could easily see steemit hitting $100 billion. But let's keep it small and wait for $10 steem. That should most likely happen in 2018. At least steemit is bound to hit $1 billion in 12 months.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dash is a good candidate too my friend =)
No harm to dream big haha =D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Without dreams and aspirations we wouldn't go anywhere. Before you build something you need to imagine it. Dreams are made of our imagination.
My trust in steemit actually has more to do with community than technology. I cannot say this about any other crypto. When BTC becomes a too much of a pain to deal with, people will give up on that relic. But none of us are leaving steemit because of the technical hiccups we've been having. Steemit uses the humans as ASICs. The community is the product. The community is the producer. The community is also the users. STEEM is mined piggybacking on an intrinsically valuable system. You can hack code but not humans.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thumb's up for your words my friend. You are absolutely right
We are the foundation of Steem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @jlcrypto.
I think this is a really interesting projection. I agree that Steem will likely be one of the cryptocurrencies that are around in 10 years time, since I think it has a huge potential for mass adaptation. I think these predictions are many years down the road, and there are a lot of different obstacles Steem needs to overcome before we hit that point, but I definitely think it has the potential!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree with you, it will need a lot of courage and efforts from the team and also from us, the community, before we all thrive together =)
Thanks for the comment my friend !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep! I have high hopes from the dev team, and the community so far has proven to be really dedicated!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed =)
I like your blog by the way. Into nature and kinda spirituality it's great =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, I'm glad to hear that you found it enjoyable! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Mark this post down in the history of time.
Steem will surpass Bitcoin at some point.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha maybe in 10 years, I will send a message to all the person who comment this post and tell them : "I told you so"
Hopefully for everybody =D
Thanks @steemitqa =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lol! yes, I like that idea . I say in 5 years. Bitcoin hasn't even reached mass adoption . Steem can.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hopefully, see you around my friend =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That would be extremely cool! But I think that it's many years before this will happen.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting analysis! Maybe if enough of us believe, it will happen....as long as we are able to really see the problems on the platform, it's possible.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree =)
I think Steem is the crypto currency with the strongest community behind.
Because everyday I can see a lot of extremely good quality contents all around my feed =)
Means that among the community there are very smart and genuine people (not only a minority of people who try to take advantage of it)
I'm confident that the community will face the upcoming problems beside with the dev team to grow up together =)
Thank you for your comment, I appreciate you took the time to come and have a look to my blog. Wish you a lovely day/night depends where you are on our planet =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is rather pleasant to meet like-minded people who are open to the possibility of rebuilding the future together. Steemit definitely has that over all the other platforms. Quiet, smart people do need to keep blogging to make sure they are exerting influence over planet steem.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed and that's why the incentive system is a genius idea.
Bring quality people and make them do quantity by giving them incentives
It's a pleasure to meet you too thank you =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If that's the case, lets hold on and keep steeming on and hopefully dive together in the future from the moon. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha you said it ! In 10 years we will skydived from the moon =D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We don't need 60s free fall in the moon then :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Would be about one hour free fall I guess haha =D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its not a free fall at all, its free float :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha agree =D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
img credz: pixabay.com
Nice, you got a 3.0% @minnowbooster upgoat, thanks to @jlcrypto
Want a boost? Minnowbooster's got your back!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @jlcrypto to be original material and upvoted(2%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Check out my latest post to see how to make free Bitcoin
https://steemit.com/bitcoin/@karanjain/how-to-earn-bitcoin-or-litecoin-or-dogecoin-or-for-free-without-mining
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 1.69 % upvote from @buildawhale thanks to: @jlcrypto. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i don't know how is that possible
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
With hope and a bit of magic lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit