I also won't buy a cup of coffee with gold. I'm bullish on bitcoin, but not on steem. As long as the whales push by voting the people who are always cashing out, the pressure on steem will hold on. I wonder whether whales are so foolish to undermine their on investment.
But: As soon as 10000 people as you and me will hold more than 10000 SP tight in their hands, the exchange rate for steem will be much higher. So I hope that many whales will cash out soon.
Then steem will become a cheap pick. I promise to collect all my rewards paid in SP for the whole next year and I promise to hold 10000 SP as minimum (currently I am at 8500, but I will reach 10000 in the beginning of the next year).
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