What Would You Do When Steem Touches $10?

in steem •  7 years ago 

I had an interesting discussing with a friend who said he'd buy a house if Steem touched a hundred dollars in value. Another told me he'd move countries. A third wants to buy a Hayabusa with Steem and I personally would love to just squat on it and curate content for a while and travel the world with a bit of the money I would encash.


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Well I don't want to make any price predictions but looking at the charts, sentiments of users on the platform and fundamentals of the platform it would be safe to assume that we're like to see a $10 value in price sometime later in the year. Of course, we have predictions for a higher value from some of the traders here but I'll take whatever comes my way.

Steem is one currency that I pray goes up in value but not before I have accumulated enough and as it turns out, 'More Steem is Never Enough.'

If the price touches $10/Steem token, then what would you do with your holdings? I know many of you are early adopters of the platform who have waited patiently for the price action to change course and get on an uptrend. Would you consider holding on for higher levels or cash out some of your holdings?

One incredible benefit of HODLing Steem is the curation rewards. This is a great passive income. I curate a fair amount of content per week and earn a decent 50-60SP/week with my current stake on my account. At $10 per Steem this amounts to a good amount of money and as an active investor/stakeholder I would love to increase my stake as I pointed out in my recent article about my Steem Power goals for 2018.

Any of you considering buying a Lamborghini? Well if you do, don't forget to invite me over for a test drive!


If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:

  1. My Past Year On Steemit—Quick Recap of 2017!
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I plan to re-invest into this account. I would like to hire some people to do some consulting on marketing and grab some equipment to go out there and get more stories. If I could do that and make enough income from this at least in part, I would be ecstatic.

We shall see.

I am free. You can hire me

We are all early adopters, and the best advice now is to power up.

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Yes. exactly. we must buy some steem it is in the floor. it will raise soon...

Tbh, if steem hits $10, I'm keeping it for the passive income you mention. Considering the growth of the platform and SMT projects down the line, I think it'd be wise to reap passive rewards as your potential for "capital gains" via nominal STEEM prices increases. Who knows! If Steem's market penetration is successful, and since investors love dividend/passive income, these factors could propel Steem's price well beyond $10.

I completely agree. Passive rewards are the way to go with steem. Keep writing, keep participating, and get paid. That's what it's all about.

Hi I'm a new steemit user. I want to know more about this platform

Sure! In what way? I'm sure myself or anyone else in the comments would be happy to answer. :)

I would just keep stocking up honestly. The more steem power I have the better off I am :D

I think that's the best thing to do, since in all probability Steem is an even better investment in the longer term extending beyond 2018.

The more steem power I have the better off I am

Absolutely true!

I have listed Ten Ways You Can Use Steem When It Hits $10 in my recent post, after I observed that the Steem price could be here to stay.

I'll never buy a lambo. That much is for sure. Expensive doodads are not my thing. No matter how wealthy I get, I'll continue to look like a regular guy to people who see me in public. It's just not worth the risks for the bragging rights, but then I'm a security guy and biased against flashy stuff. To each their own!

I look at Steemit as a long term investment. This place is the future of social media, and I'm thankful and honored to be a part of it. The best thing about this place is that there's no content filtering or demonetizing of content here. We can talk about the truth and liberty without negative consequences.

I think that the way in which votes are sought sort of makes this more of a reddit-type of space than an open forum, in that many would withhold their actual thoughts on things if they believe them to be counter to the prevailing opinion, for fear of economic repercussions. In this way a site that has people always going towards the mean consensus on subjects tends to stifle less popular opinions by design as people choose to self-filter, and I think there are pros and cons to forums where posts are sorted by votes as opposed to purely by the time the post was written.

This site is a totally different animal in that it pulls more of the economic incentives right to the forefront and users can invest in the account itself primarily through the site as opposed to off-site like how posts are influenced on Reddit via botnets etc., although apparently such devices are employed albeit in a different manner here. Not being argumentative, just thinking about how this site or Reddit or other forums and their users adapt to their platform of choice.

This is only a start, steem will be the social media reserve currency once specific supply lines across verticals build on top of SMT

If steem went to $100, I would probably be able to quit my job and write full time. That would be totally amazing.

I might considered buing myself an iPhone as my current phone is in bad shape. But hey, youre making more steem power out of your curations.. Why not visit my blog sometime. I could use your help heheh.. A joke but dont take it lightly. Steem is going a long way here in Ghana tho'

I don't plan on selling. Firstly I'd have to pay capital gains at 33%, which I don't want to do. Secondly, Steem is one of the few cryptos where you can get value out of it without ever selling it. I plan to use my Steem Power as capital, whether leased out or for influence or to facilitate business (such as paying people who do work for Steem and/or me with upvotes).

It depends if 10 dollars wanted to be touched. If Steem touched 10 dollars inappropriately or against its will I may have to reconsider my thus far enthusiastic support of Steem.

whats the difference between inappropriately and against its will?

I am holding it forever.

Forever ever ever ever ever ever. "I couldn't even afford a ford escord or even four track recorder." - Kanye West before Steemit.

not going to power some up??

I'm going to hold it and never let it go! I love Steemit and the GREAT Steemit Community! Joining Steemit is one of the best things that I have ever done for myself! I feel so very blessed and honored to be a part of the Steemit Community! I will never forget all the help I received here from the whales! I was welcomed with open arms and I am forever grateful! I'm doing my part! I'm telling my Family, Friends and Clients to join the GREAT Steemit Community! It is the least I can do! Wishing everyone the VERY best of health and happiness! Two thumbs up! Positive Energy! Great Karma! Blessed 2018! :)

Way to spread the word!! I need to do more of this in my everyday life... the more the merrier as they say! Hope the new year rewards you with much success my friend! Cheers to Steemit <3

I try and figure out if I have missed the boat and come to late to the party and need to move to another platform!

It's not even the beginning.

Hopefully . Do you have any thoughts on APPICS and their ICO ?

I'll BUY MORE STEEM!

I'd buy more steempower!

excellent work dear friend @firepower, thank you very much for sharing all these opinions of the value of our beloved currency, my estimate of the steem for the end of the year 2018-2019 will be around $ 20 dollars. I hope that by then you have accumulated the resources.
I wish you a great day

that's @paulag 's opinion too

Power up baby! Although if steem is at 9 kinda hard to but I'll take anything and get to 1000sp then 3000 then 5000.

I want eventually 10000 but it's going to take long.

I still do a 75% hold steem and power up, buy delegation and 25% cashed out to buy alt coins and trade steem.
That's the plan even if its back to 13 to 14. If it reaches 20 tbh I don't ahhahaha.

Stay powering up!!Now that's what I like to hear... what value of SP do you have to have n order to reach these different levels of VP??

I was just curious as to if you knew the answer to this bc I do no happen to know... lol

Me, I will just keep converting and powering up. I haven't thought about at what point do I stop powering up. All I know is right now I want to have enough of my own SP to get the slider, that's a little over 480SP needed for it. So I am 331SP of my own power. On the eve of the new year, 12/31/17 I had 314SP of my own. So 17SP gained in 7 days. Getting there.

I pray it touches $10, Will like to travel out for my master as an engineer.. My country is not a better place to be as a master student..wish a help can come from. Above.. Please encourage me with an Upvote. Thanka

  ·  7 years ago (edited)

If steem reaches 10$ per steem I would still hold on because I have actually lent a big lesson from Bitcoin, If I had save my bitcoins I would probably be a millionaire today . Am ever ready to wait .. 2018 shall favour us Amen

hallo firepower warten ab in ein paar jahren wieviel es wird? €

we already saw 8$, so I think we will see around 15-20 $ till summer

Steem is one currency that I pray goes up in value but not before I have accumulated enough

I share the same sentiment. This however is giving me unecessary pressure for myself. I feel like there is a deadline to beat, and it's taking away all the fun.

So I promised myself to enjoy the process as I hold onto the STEEM and reinvest them back in the community.

Maybe 3 years from now, I can now free use some up for personal needs.

LMAO

I'll probably do the boring sensible thing and continue making content, evangelizing Steem locally, and power down a little to invest in other crypto. Lambos can wait. I'm not taking any chances until I have a roof over my head. After that, treat my parents to a nice retirement.

Beautiful. I like your way of thinking.

I have not been on steemit long enough to have accumulated much steem. So my plan once steem reaches $10 is to remain vested. Thanks.

At 10 USD I would just continue to power Up. At 100 I would still stay investiert, but maybe you some of the Money earned.

Set up a mining rig - check.
HODL (power up that is) more and more after. ^u^

Thanks @firepower for your post. When steem hits $10 I will do three back-flips! I will be able to brag to those around me right now who are not taking Steemit seriously. The erratic nature of bitcoins has turned many eyes the way of crypto but the real gold for the future in in the currencies that are slowly building steam at the moment to explode soon.

I live close to the sea with a spectacular view both at night and during the day. I would love to get a very powerful camera that can capture nature perfectly. That will be one of my dreams!

Sell some to have funds for my soon to be SMT

he follow and upvote I follow and upvote back

No Lamborghini for me. When STEEM hits $10 I'll hope my wife doesn't find out and keep on posting and enjoying great articles like yours.

Security. Peace of mind. Probably buy some gold or something like that which will secure the future of my two daughters in some way or the other. To an extent. Looking forward to holding my steem till the prices go up to such levels :-D

Just hold it.

@firepower I don't know, probably keep powering up some more! One thing is for sure though: I won't be SURPRISED!

Power up and Look forward to $25 👍

I will buy a new phone. My new phone shall make me easy to write post on Steemit more than current phone. lol

Minnows be like...

Only $10?

haha, right

Oh boy!!! If steem reached 10 dollars, my earnings would sky rocket!! !! Its just above 6 dollars and i can already feel the difference. I'd probably post a hell of a lot more and rack up those steemdollars and better fund my trading account, from then on i'll just HODL steem till it quite possibly, hopefuly, maybe hits that 100dollar mark and then i'd buy a house 😬😬😬

At $10, I’ll think that we’re just getting started.

When steem reaches 10 I will do the same I am doing now. Keep on holding it!

It is an interesting debate. The way the market is looks like it will be an awesome here for steemians. The SMT tokens probably will pump the steem blockchain even more and that will be interesting to see. But right now i am just focus on producing more and better content fpr the community no matter the value of the rewards. 😃

Oh Lord, won’t you buy me a Mercedes Benz,
My friends all drive Jaguars I must make amends,
Worked hard all my life, but Lord what can I do,
Wait for Steem to rise more, and get what I am due.

Classic

  ·  7 years ago (edited)

I would keep on HODLing. And invest in steem power.

For now I'm just worried about winning some coins, Steem will gain a lot of value in the next few months, we should keep in mind that the Steemit community is growing rapidly in recent days.

And after that has a better value we will see in what enjoy them.

excellent vlog, friend

Hey @firepower I'm really new here .. I signed up today,
I'm sure you'll have some good tips in order for me to succeed at steemit And raise my rating...
thank you very much

The best thing is to hold on

for sur it will go up hopefully to have a really great value thank you for the post

Nic post

quite soon it will go over 10

Good question. I think we're still in early days when it comes to Steem. I might make a little profit taking, but for the most part I'm long Steem!

I would use it to travel and create content, providing I had enough of it. My end goal is to be financially stable while travelling to multiple crypts conferences worldwide, and working with non profit blockchain organisations for free or as little as possible.

HODL and wait for it to get to $15 before cashing out

Wish I had more!!!

Hold my beer and watch me holding

Would you host a Steemit party?!

@firepower one my wish when steem rises us is to buy a little house for my parents where they can stay happily and I pray it comes to pass these year

I personally plan on keeping my STEEM but selling off my SBD to fund my ALT addiction.

I always try to pull back some profits when I'm up. I'd probably transfer some to bittrex and invest in some of the less expensive coins hoping to make some huge gains. Perhaps verge, ripple, or reddcoin. But I wouldn't sell everything. And I'd continue to try and replenish the funds with good content/votes, hoping it goes from $10 to $20 and more!

I am not doing anything when it hits usd10. My SP not much at the moment just creating contents more would be a good idea.

However when it touch usd100, I will quite my job — my ultimate goal, and steemit for life

I'd buy a camouflage Lamborghini and paint "Class of 99" on the side!

Took some time to upvote a lot of the comments on your posts today. Felt good.

Had one goal in mind outright since the beginning and that is simply to erase my student loan debt.

Nothing is worse. And there is nothing the government loves more.

HODL baby HODL !

i will take a nap for 7 days..lol

The long term prospects of steem are positive. The fact that it broke out above $4 to kick off the New Years suggests that 2018 is starting off on an especially bullish note. Media attention in reference to the forthcoming Smart Media Tokens protocol will further expand the public's attention to the potential of the blockchain. The onus is on Steemit Inc and its developers to extract the full potential of the blockchain and market it to the world in an easy to understand manner.

When steem reaches 10$ , I'll be who I am this time and keep helping each other. 6$ this time don't have difference from 10$ on the next generation.
So what should I do/we do?
Powering up (YES)
Support others work (YES)
Make our community joined with us (YES)
GOODLUCK STEEMIANS!!

Everyone is wishing for the steem price to rise that up, i don't have enough steem, actually i don't steem. Until i make some, who wants to buy steem when it's miles up...😂😂.

Hello how are you?

HODL!

Eventually I think it'll hit a high value. For the next year I bet that the price will go up and down like a rollercoaster.

My strategy has always been to power up whatever I earn, but I am trying something a little different lately in hodling my steem and waiting for the price to spike a little bit before powering up?? What do you guys thinks of this move ?

I would still invest in it and not let it down because it has got huge potential.

I plan to re-invest into this account.

@firepower
Patient is a vital key... More patient more money.
i think i will wait and earn more @firepower

My dream was to make enough with STEEM to fund editing cost for my first novel. So depending on where things go, guess I'll add things like an extra editor, a voice artist, an illustrator, etc.

Ha Ha, OMG, you are saying "More steem is never enough", then we are doomed completely 😂 😂
For now, there is no point for an early bird like me to take it out for cash, cash can keep coming its way but a valuable tip for a newbie like me that holding it makes you better curation reward.

hahaha! Well a lot of things in life are like that including steem. More is always good :P

I believe in steemit so much, and am impressed with its potential to throw dirt into the eyes of solely profit-driven organisations that unilaterally serve their shareholders.

Steemit levels the playing field. There is nothing more rewarding than empowering those who deserve the opportunity to succeed. I hope to be fully invested in steemit for at least a decade, and to do my little part to steer humanity towards a freer society that honours talent and humanistic endeavours. That itself will be the sweet nectar of communal victory and reward for me.

At $10 per token I'm still hodling all the way. If (when?) it hits $100 per token I'll withdraw 1/3 to 1/2 of my holdings, pay off my parent's house so my dad can quite working, buy a decent apartment for my wife and I, and maybe become a Steemit blogger/live off curation rewards. Not sure I will have accumulated enough by that point, but here's to hoping!

Be a normal person, cause i dont have any Steem Coins :(

I love food, so I'd probably just go have a nice meal out ^^ Probably a nice Japanese steakhouse, or a pub I know of in my area (best burgers I've had so far!).

If it reaches $100 though, I could probably live off what I currently have for a while. Even longer if I move to another country.

if steem reaches 10 dollar, buy then when my steem dollars have already accumulate, i will travel around the world and try and help the needy as much as i can.

Excellent thoughts @firepower +1

On a side note, what do you think about Ripple? Could you see what you think of this move if you are pro Ripple... https://steemit.com/ripple/@coolkidapproved/how-to-buy-ripple-coin-xrp-easy-and-100-works-every-time

The most boring answer ever.... pay dept...

I will hold them in SP

i will just invest it in my account...

Wow great post, if steem price goes to your prediction, I am dam sure that all my financial crisis will be solved. Being a single mom of two children I have lots of responsibility, so if the price will go very high I can give them financial freedom and good education. For your kind information my both children are active in this community, they are @rahul. Stan and @rvwolf. Please have a look on my younger son post, he is a dancer. Here is a link https://steemit.com/dance/@rvwolf/dance-dairies-3-a-mix-of-freestyle-and-lyrical-feel-on-the-beautiful-song-love-me-thoda-aur-by-arijit-singh

Thanks for giving me some things to think about... $10 sounds like a makable putt!!

I would hold on to it as I just started and Steem at $10 would mean that I would have like $2. :D

I will continue to leverage this awesome technology to make my farm and homestead more resilient in the absence of technology

I'll power up till it reaches $10,000!

Thanks dude, I like the post and I want to translate it into Chinese to let more people know it. I may use some of the pictures in the post, and I will add your name and the URL of the post in my translate work. Do you allow me to do so ? : )

Makes so much sense to hodl when your creation alone gives you handsome returns. Though won't be bad to cash out some and flaunt your new acquisitions :)

Personally I would buy a mirror less camera that weighs less and help me move swiftly in the mountains when jm out trekking later in june in dhauladhars.

I know, small accoount- small dreams 😂

Nic work

If Steem touches $10, I would buy a R1! :) (You knew that, didn't you) And of course, as we had dicussed, RTW! ;)

Part of my goals for this year are

  • TO have $10000 worth of steem in my account
  • To buy some amount of steem every month
  • to write atleast 10 steemit posts every month (not including steepshot pictures)
  • To be able to attend steemfest (still tentative)

These are mine!

Great goals and maybe you'll get there too! :)

If only STEEM able to touch the number 10 dollars, I will apply my lover, property prices and so on that continue to ride is making crazy. but if STEEM continues to grow in a positive direction in the future, it is not a problem. I assume that patience is the key for Steemians to feel a STEEM break in the future.

This makes me really excited about STEEMIT. I'm still new to STEEMIT but I see the potential it has.

I'd continue writing and curating posts. Would still power up and I'm sure it will go beyond $10.