When launched Steem was worth 150K Satoshi and in usd about the same as it is today.
After its launch Steem fell back to 30K Satoshi and then soared up to a crazy 666K Satoshi :-P
After that it made a deep dive until it reached its bottom at 6K Satoshi (less than 1% of its last high).
Then it made a few bumps to 90K, 50K and now we're at 12K Satoshi.
Where can we go from here?
In the above graphic we have a red line connecting the launch price with the highs of the bumps.
If this pattern plays out, Steem will be worth 0 Bitcoin by May 2019.
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@Yehey
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I think by May 2019, it will be 0.2 usd for sure and that is why I waiting to buy in truck loads.
SMT may change the whole picture. Live on 24 March and Steem becomes a platform coin and Steemit outpaced by other competitors.
You are saying steem value would be 0 in may 2019 ?
How it's possible ?
Experts says steem can never be go down from .7$
It costs 8000$ per Bitcoin mined, but Bitcoin is now trading 6000-6500 for weeks. In crypto everything is possible. One day you earn tons of bitcoin with Bitconnect, the other day your Bitconnect is worth nothing.
Steem will always be worth what people are willing to pay for it. Not what we would like to get for it, like 100$/Steem.
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