STEEM AT $6 - HOW HIGH CAN IT GO? (FACEBOOK COMPARISON)

kriptonoob (58) in steem • 7 years ago

I can see that a lot of people around Steemit are going crazy because Steem is over $6 at this moment so just to give you my 2 Satoshis on that. I know, I know we are getting rich by doing what we love and that is just impossible to be happening in this world full of suffering, where you must hate your job to call it a job. And of course, on the other side, there is a doomsday crew calling everything pump & dump scam bubble.

I would like to point just one thing. Don't look at Steem $6, but look at its market cap! At this moment Steem has market Cap of 1.5 Billion. And now just think about what is this platform about and what is planning to become in the years to come. It is a new generation social media platform, and when you are comparing it and thinking about its price, you can just compare it with old generation social media platforms and their price. Steemit is doing everything they do in better, more transparent, fair and profitable way for its small users instead for Mark Zuckerberg.

And then if you believe that in some mid-long term all people will change their habits, overcome that fear of unknown and start using Steemit (and other new generation platforms) instead of Facebook and the old ones, then you just have to ask yourself one question. What is a market cap of Facebook?

It is around 512 Billion!

And we Stemians are on 1.5 Billion :) and we should grow 350% to be at 1% of Facebook value. Now just answer to yourself - Is Steemit worth 1% of Facebook?

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7 years ago by kriptonoob (58)

$12.86

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dj123 (60) · 7 years ago (edited)

Honestly, I would say Steemit is not worth 1% of FB, not yet, we don't have 0.1% of their active users, we have not allocated 0.01 % of the development funding to reach the masses or make moonshots, we don't have 0.001% of their marketing tools, and we don't even have 0.0001% of their advertising financial power...YET

But someday we will have that 1%, and when that day comes Steem we'll be worth 100x more than FaceBroke's 1%:

Why?

Because, Steem is much-much more than a social network

Because Steem is a block-chain that can service multiple media and multiple network

Because Steem is a block-chain that can perform social value discovery without centralized manipulation

Because Steem is a block-chain that can out-transact almost all blockchain that's been battle tested, we can out-convenience the usage and userbase of all the 4 fiat-gateway crypto, and out-currency the top 10 crypto probably 99% of all existing and real-world functioning crypto

Because Steem will become the gateway for any and all media, old and new from print to pictures to video to stream and then someday to gamification and then to virtual & augmented reality, and beyond

Because Steem will be the voice of the people, voted, 1 person at a time, and the soul of living cryto-community and in essence producing through mental mining of the most valueble asset - imagination

And because Steem is the herald that will blow the trumpet to usher in the renaissance of a new era in humanity - where technology and economics co-existence with the decentralized network of humanity's potential

Truly There Is Not Limit To The Human Imagination
_{source: inspirationalhunter}

$9.81

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krazypoet (68) · 7 years ago

Ill reply bro, this comment makes alot of sense and compliments the post well. Imagination is what holds us back or pushes us forward. Depending how much you use. Be well @dj123 @kriptonoob