Speculators and traders won't support Steem price forever, it's inflationary, no smart trader will invest on it long term. Steem Power is also inflationary, just slower.
Steemit platform could work just the same with a very low Steem price, the payouts would be in cents though.
There's absolutely no basis for that only wishes. Steem price is not sustainable, no ones needs it and has no value. Content may have value but not Steem nor SP, the platform can work just the same with a Steem price of $0.01.
how much longer do you reckon that will happen?
Wont steem have a value in the marketplace that is rumored to be opening on Steemit? Or will steem dollars have the most value in that scenario?
I'm not sure how that would play out. Again, Steem or SP don't have any perceived value for any smart trader, that's my personal opinion. I would never buy into a highly inflationary currency, coin or project. I would buy into a Steem token or asset that is directly linked to the value the platform brings (content) but Steem and SP are not linked. If you buy Steem you are getting punished in the long run no matter what you do. That's the fundamental aspect. I enjoy these technical analysis in the short term but crypto is a whole different beast than other markets.
I'm expecting steem to reach a price of at least 80 dollars a pop within 2 years.
you really think so? that would be awesome
We haven't even been open for an entire year. Adoption is only growing. Trend reversal is imminent.
it would just be sad to end up bagholding tho
It would take at least 10 years before the effects of inflation kick into high gear. given that they don't change the subsidy rate, but they most likely will.
Steem token will definitely live longer than the dollar. At first steem is the unstable part of steemit, at the end the dollar is the unstable part of steemit
The Platform would probably reward good content posts better if the payouts were more like cents
I can agree with that. In my opinion if that happens, users will just lose interest and go back to the competition which are miles ahead (Reddit, Medium). Big payouts and money is 99% of Steemit's success wherever we like it or not.