I totally agree with you that as the use cases keep piling up, there will be upward pressure on the price. I think it is much safer to be invested in a project that has real utility but whose price is in the toilet relative to competing vaporware. The low price allows for more accumulation, for one thing. I also think that as we didn't go below 12 cents save for a few short-lived dips, I do no think the price of STEEM will ever go below that level. On the contrary, Bitcoin seems to have begun its long march upwards that will end in yet another bubble in the next couple of years. I reckon STEEM will follow suit with rest of the altcoins a bit later. After that it will crash again but never go south of 50 cents again.
RE: So When Will Steem Reach "Maximum Density" and Start Running?
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So When Will Steem Reach "Maximum Density" and Start Running?
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Yeah, market cycles are pretty much inevitable... there will be ups and downs. And we may still have some years to go before anyone figures out how to actually assign valuations to blockchain projects...
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All driven by the BTC mining reward halvings. And yes, I agree with you on calculating fair values for crypto.
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