STEEM price is about to skyrocket!

The price of STEEM is way to low right now..

If you look at the price of STEEM vs the amount of users and content being uploaded to Steemit right now.. something is not adding up.

Take a look at a month ago we had very little new users signing up compared to recently where we are getting 1000+ users signing up EVERYDAY.

About a month ago we were at .23 and within a week jumped up to almost $5!

But now we are sitting less that 1.50 and that is a 24 hour high.

What happend!?

If you have been watching your wallet then I'm sure you have seen the value of your account going down..

Now if you read the " Estimated Account Value " it says that The estimated value is based on a 7 day average value of Steem in US Dollars.

So basically your value is based on the price of STEEM.

I have been pretty active in trading on Poloniex, and I'm noticing that traders on there have no clue about Steemit. I'm also noticing they are comparing STEEM to every other altcoin, and not taking into consideration that Steemit is something completely new.. So they are completely overlooking STEEM right now.

Steemit is not like any other social network, because instead of making the board members rich it pays all of that money to the community. (which I'm sure all of you are aware :)

This has a created a huge opportunity for those of you interested in getting some STEEM POWER since STEEM is so low.

Where is the price of STEEM headed?

This is hard to speculate due to the way of STEEM is created and distributed, but one thing I can tell you is that we are currently at 58,000+ users, and that number has NOT been slowing down.

So this could only mean one thing..

The price of STEEM is mostly likely going up very soon!

With more people signing up for Steemit everyday the value of STEEM POWER is probably headed sky high due to the demand for STEEM POWER, and people wanting more influence on the site.

So if you are excited about Steemit and missed your first opportunity.. Here is your chance to Power Up and get ready to watch your value head to that well known Man in the Sky!

My main problem with Steem even now, is the market valuation... $200m?! Sure, it's not a problem that I only have with Steem... I have it with pretty much everything on the market right now, including home prices in many places.

Reddit made less than $10m last year. By any sane PE that's a valuation of $50m. Sure, twitter "made" almost $1bn, and Facebook "made" $2bn... so by sane valuations I'd say worth $4bn and $8bn. Sure, they can all add "pay" buttons and partner with banks, to drive some more revenue... let's say $5bn and $10bn... okay $20bn at a stretch. $200bn?! $300bn?!! Puh-leeze. No really! $300bn?! Facebook can't make that money up in 20 years. Not without hyperinflation.

I'd love to see where all of these will end up come another 2000 or 2008... Hey, look! It's 8 years later, again.

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ubg (58) · 9 years ago

Yea, the trollboxes have no clue what's hitting them soon enough.

$0.00

4 votes

steemitqa (64) · 9 years ago

Steem is just going through phases. Like I said there is no reason not to see Steem in a year at $10 or more. It has huge potential! we are only at 50,000 users.

2 votes

michaellamden68 (69) · 9 years ago (edited)

Excellent post, thank you for sharing. It's looks like we are in for a "bumpy" ride!!

wisehammer (55) · 9 years ago

It has to go to depression then raise up to the sky.

1 vote

karchersmith (45) · 9 years ago

Great article thanks for sharing! Where can I learn more about how to power up?

stealthtrader (67) · 9 years ago (edited)

Thanks! Here is a great article by @donkeypong
https://steemit.com/steemit/@donkeypong/still-confused-by-steem-steem-dollars-and-steem-power-the-power-plant-analogy

Thank you!

cybercodetwins (54) · 9 years ago

Did that rocket turn that moon into a half pizza?

dagelf (53) · 9 years ago