Steem Price Prediction

I will say right away, I am extremely skeptical of various price predictions. However, today I came across an interesting site quite by accident. Since we are all connected to STEEM, let's see what fate is predicted for it, and at the same time check how true these predictions will be.

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So, while searching the Internet today for things completely unrelated to cryptocurrencies, I came across the walletinvestor page. At first I didn't pay attention to it, but then the word STEEM caught my eye. So I decided to take a closer look.

The website says that the price forecast is based on technical analysis, but the forecasting is not done by a person, but by a computer. Well, let's see what this computer offers us.

The short-term price forecast indicates that the price of STEEM will rise to 19 cents as early as December 22. This forecast will be the easiest for us to check.

However, the long-term forecast is more interesting for all of us. This site offers us price predictions for 2023. Let's see what's there:

So, in a moderate scenario, the price of STEEM in the spring (or maybe even in February) should reach around $0.95. In an optimistic scenario, the price may reach $1.50. Unbelievable... and of course not true.

In fact, the numbers are quite real, but the time warp seems too fantastical to me. I do not believe in such rapid growth to another peak. I think it will take much more time.

Next, we are convinced that now is the best time to buy STEEM:

I think even a fool can understand that now is the best time to buy STEEM. Even if it is not the bottom, we are still close to it.

"Detailed Trend Components of the Steem Forecast & Prognosis" are also brought to our attention:

Here the computer again convinces us that under the Christmas tree just on January 1 we will find a rapid growth of STEEM.

Well, did you enjoy the predictions? And now let's return to reality - none of this will come true. Although, of course, a certain price increase is not far off.

A computer is a very smart thing. But in its analysis, it takes into account only the value of the price that was in the past. Mr. Computer doesn't know that we have a Steem Development Incentive Program, #burnsteem25 initiative, a new interface, new DApps, a new initiative aimed at fighting plagiarism and other fraud, a Steemit team that widely supports bloggers, which encourages the creation of more interesting content... With all this in mind, in my opinion, the price of $ 1.5 is not out of reach, but not in January, not in February, and not even in the spring.