RE: Cryptocurrency report "David and Goliath" by Craig Grant - August 27, 2016

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Cryptocurrency report "David and Goliath" by Craig Grant - August 27, 2016

in steem •  8 years ago 

You say people will start investing bitcoins into steem if steem gets cheap enough like 0.25$. But now in this video you say people will start to invest bitcoins into steem if bitcoins get cheap enough like 450$ or less.

Why do you think its not the opposite that if steem gets cheap enough people will cash out their last from steem before its done. Or if bitcoins get cheap like 450$ people will sell their steem to get the bitcoins cheap?

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In my mind bitcoin is worth no more than $10, and steem is worth about $2

Those values are very different from the current market values. May I ask how did you make theese price estimations? Because bitcoins seem so much bigger then steem right now when im looking at statistics of the amount users both have etc. And bitcoins have been around for years to build up the trust it have today, why would steem suddenly in just a matter of months get 1/5th of the amount of trust it did take bitcoins 5 years to get?

Why I think bitcoin is worth no more than $10

Let me ask you something. Do you think a 100$ bill is overvalued compared 1$ bill? Because they are almost identical, both are paper with ink on them.