That's a low estimate. $50 by April/May, will close out the year way higher. Maybe several thousand times higher.
You have to look at utility. SBD links to the most usable and proven Blockchain on the internet. Once SMT's come in, Steem and Steemit will dominate the comments section of tens of thousands of smaller websites run by content creators who want a way to engage, reward and share with their own communities directly.
The future of next year's internet for Content Creators is all in the SMT White and BluePapers. SMT's are two years ahead of everyone else's thinking, just like Steemit is currently two years ahead of any other alternative Blockchain social media in actual day to day use and practice.
Once people understand that by following a Content Creator they like and engaging with them that they will earn money, just for commenting on that Content Creator's website, then there could literally be tens of thousands of New Communities springing up around SMT's. And all of that leads back to Steemit's pre-eminence across all of the web.
SMT's are a literally game changer. Verge's Wraith Protocol is great and will be the game changer this month, then next year the game changer for most of the year will be SMT's and will also be in the online games sectors which currencies like Mana, 1st Blood and Voxels are showing us right now. If SMT's take off like in terms of day to day use on tens of thousands of websites then $50 will seem conservative.
Bitcoin rose by 700% in 2017, Litecoin rose by $2,960% in 2017, Verge rose by 800% in one week last week (sure it fell back once the Bankers started waging their war but it's come charging back today). So when SMT's are implemented and people finally have them in their hands and start creating all the places on the Web that SMTs will allow them to create, then what do you think might happen?
Could it be possible we see SBDs become a universal web-currency across tens of thousands of websites? At which point would a growth of 5,000 or 6,000 percent seem conservative?
There are a number of blogs currently speculating that Ebay is about to accept Crypto as payment and that Amazon will possibly implement it too as early as February 2018. On Wordpress there are lots of plugins being developed to allow Crypto payments in multiple currencies and there are services like https://www.coinpayments.net/ doing the same. TenX and Monaco are starting to roll out Visa style "Bitcoin" Cards. 50 Plus of the worlds biggest Banks from Asia, The US, Japan and Europe have all gotten together to create a super-fund to stake Ripple including putting hundreds of Billions of Dollars into Ripple's escrow and putting hundreds of billions of Dollars into the 2017 End of Year Crypto market to try and dominate the space by creating massive Bear Market walls to block the progress of rising currencies like Verge and Next.
Cryptoluke. ("Someone bought $700,000,000 worth of Ripple
)So already this month the worlds Banks are pumping every spare bit of Fiat they have into the Crypto space. That means all the money in the world is moving into the Crypto space and away from Fiat Systems. If all that money flows in, right now the Banker's will use it to fund their Crypto war against every other Alt coin and when that fails and that money gets wrestled off them by the Alt Coin traders piece by piece then that money will still be in the system.
@aggroed is spot on, but he's being too conservative. When SMT's release, they will be releasing into the 2018 market, not into the market we currently understand from this year. That is into a Crypto market with substantially more money in it that was in it in 2017. And when ordinary Creators and their fans realise they can start making really good money online with SMT's without having to download a whole blockchain or be a programmer or run a proof of stake node by keeping their wallet open, then the value of SMT's and their core currency (SBD) will rocket. You have to look at utility. When the average man or woman starts using it day to day and living off it, then it could end up being way more valuable than even Bitcoin, because it no longer becomes just about Bitcoin being a store of wealth, it becomes about SBD's and SMT's being a way for people to make and earn wealth in the first place.
Thanks for the info dump!
that's right! ;-)
Very well put and hoping this is not nearly a vision but the future... i would love my almost 1000 sp to go 60x
WOW.I love this your infor. making me love steemit more and more. kudos for this brilliant analysis bro. am so following you.
@angusg mate incredible valuable info! whats SMT's by the way? It seems crypto has a bright future ahead! fiat are all definitelly gonna collapse sooner or later...whats your take on precious metals? you see ripple as a good investment also then? Looking forward to your thoughts man! thanks again! greetings from Spain!
Why and how could STEEM become a universal web currency, when competing against 1300+ alternatives, that mostly have the goal of becoming universal web currencies?
That is not even the stated goal or ambition of STEEM leadership, so you think STEEM will just fall into that position by accident, when others are trying to achieve that outcome?
Your comments are idiotic. STEEM may do well in 2018. But it wont be as a "universal web currency".
The fact you even wrote that means you have done virtually no research on what is happening with other cryptos.
Do yourself a favor. Go read the whitepaper for ADA. Think about it for a few days. Go back and read the whitepaper for ADA one more time.
And then come back and read your post and realize for yourself how stupid it sounds.