STEEM TO BE $18.60 ON 7 AUGUST 2018!

I have been inspired today...

Firstly inspired by a month old YouTube clip which I accidentally stumbled upon today, by our very own Jerry Banfield @jerrybanfield.

Jerry says similar to:

"To control the outcome of your own investment you must promote it - in our case this is promoting STEEM - we all need to do our part."

"... the top investors in the world exert work, effort, time and energy into promoting their investments - not just passively buying and holding."

Then motivated again by this post he made 2 days ago.

https://steemit.com/steemit/@jerrybanfield/we-will-reach-300-000-steem-accounts-today

We are now at 300,000 Steemit accounts!!

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This is right. We are now over 300,000 Steemit accounts and this is double what it was 3 months ago.

So could we say that Steemit accounts are doubling every 3 months?

Sure we can!

This seems to be the indicative of the numbers and charts our mate and Steemit's master statistician @penguinpablo is producing.

https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-august-07-2017
(New account creation chart pasted below)

So we are currently at 300,000 accounts and at the continued rate of growth (doubling every 3 months) we will be at 600,000 accounts come 7 November 2017.

What will require - 25,000 new accounts to be established each week! Can we do this? Well our best week thus far is about 19,000... but... YOU BET WE CAN!!

I am telling more and more people about Steemit every day - how about you?

So what is an account worth?

Well market cap $320,000,000 and 300,000 accounts currently - so $1,067 per account - let's just say $1,000.

Now I am told that the market is always right. I don't believe this for a second. (Just look at the price of silver - supply drops by 30% and the price drops. CRAZY STUFF!) However, the amount of time, effort, monies that most here now have invested into Steemit - a $1,000 average account value is probably a good reflection.

Now keep in mind that more STEEM is being added to the pool - say 9.5% over the next 12 months - the numbers run as follows:

Date Accounts Value/acc Market Cap STEEM# Price/STEEM
07/11/2017 600,000 $1,000.00 $600,000,000 245,700,000 $2.44
07/02/2018 1,200,000 $1,000.00 $1,200,000,000 251,400,000 $4.77
07/05/2018 2,400,000 $1,000.00 $2,400,000,000 257,100,000 $9.33
07/08/2018 4,800,000 $1,000.00 $4,800,000,000 258,000,000 $18.60

The call for this time next year is: 4.8 million steemit accounts and $18.60 per unit of STEEM with a STEEM market cap of $4.8 billion!!

Sure - the value per account should be discounted as time progresses - and sure we are probably not set up to establish the 200,000 accounts per week it will take to meet the 4th quarter growth target... but I will remain positive!

So I know that the guys and girls producing the accounts WILL keep up with this demand for new accounts - as I know that they are some of the best in the business. And... the rest of us will do our best to get as many new people as we can on board the STEEMIT riches train and we will show them as much upvoting love as we can!!

So go out and tell everyone $18.60 STEEM this time next year. However... remember ladies and gentlemen - you heard it here first!

I am... SirKnight!

SECRETARY TEAM AUSTRALIA & QUEST MASTER
#teamaustralia #steemlords

PS. Sorry to the wonderful Ladies and Lord of 'Lord of the Steem'. The Quest Master has taken the night off. Back tomorrow to read your latest tales.

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Thanks again Jerry.

As always PP - love your work.

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Silhouette dancing pic: https://99pledges.com/fund/mtvernonmannequinchallenge.com