We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction. - Bill Gates
I just read a trending post that is speculating 1 STEEM is going to be worth $3624.56 in the coming years. I just had to write something about it.
What?! I'm sorry for everyone who believes this but his math is way off.
First of all, millions of more STEEM are going to be created in the coming months, maybe even double in a year or two. We already have an idea of the inflation rate is on Steem. Next is FB's market cap, Steemit will have to come up with some wonderful way to move all the of FB's users to Steemit. Markets of decentralized social media are not exclusive to Steemit (Ethereum has a few coming up).
I know many others agree with me and if you would like to add anything please do so below.
PS: I'm a total believer in this platform but lets not overestimate ourselves so we don't end up discouraged at the end of the day. Steemit has a long way to go and we have to make to take strong and steady steps (build a strong foundation).
Image here : https://s32.postimg.org/fht5vsc5x/2cgn788.png
http://giphy.com/gifs/NTBm2RQWurgis/html5
I think the best we can hope for is to just give Steemit some of our time and be consistent over weeks and months with posting, commenting and voting. It's similar to holding mutual funds for a long time. Don't think about how much it may be worth at the end of the day so much. Just keep contributing consistently. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're absolutely right. Thing is that type of post will get a lot of Whale "likes" because they support anything that mindlessly supports Steemit. Your post will be ignored for the same reason.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit