Many people still are very skeptical about STEEM, so let's look at the most likely scenarios and see what they would mean for your investment into the STEEM ecosystem:
Worst case scenario
Severe STEEM blockchain vulnerabilities / hacks crashes blockchain.
Results:
- Making the STEEM blockchain unusable
- STEEM / STEEM DOLLARS/ STEEM POWER that's locked up in the blockchain becomes worthless
- The public almost completely lost trust in the STEEM experiment
- The developers might still find a way to start a new blockchain and give users back some of the value
Scenario 2
Market price of STEEM goes to $0.01 (or a fraction of that).
Result:
- Investors lost almost all of their initial investment
- SteemIt social network still has value as it still pays out users for content creation and curation
- New investors will come in and drive the price back up
Scenario 3
Market price of STEEM goes to $0.50.
Result:
- Investors lost a fair amount of their initial investment
- SteemIt social network still has value as it still pays out users for content creation and curation
- New investors will come in and drive the price back up
Scenario 4
Market price of STEEM stabilizes somewhere between $1.00 and $5.00.
Result:
- Investors lost a fair amount of their initial investment
- SteemIt social network still has value as it still pays out users for content creation and curation
- New investors will come in and drive the price back up
Scenario 5
Market price of STEEM keeps growing for the next 10 years (similar to Bitcoin).
Result:
- Investors make insane returns on their initial investment
- SteemIt social network has very high value
- STEEM blockchain has extremely high value
- New investors will keep coming in and the price will stay steady or grow even higher
Conclusion
STEEM is a fantastic high risk-high reward investment! The risks are acceptable for the potential returns that are possible.
Another interesting subject that many of you might not thought about yet is that when it turns out that certain settings of the economic system of the STEEM blockchain aren't sustainable, there is always a way to democratically vote for a better implementation! An example that comes to mind is making STEEM deflationary when there isn't much growth in the number of new users coming in.
You forgot another possibility. Google, Facebook or other big Cat company buys steemit and cashes us all out. They implement similar rewards for posting and the current bonanza of rewards gets diminished because its everywhere now.
That's what I see happening is copycatting. Probably sooner than later
They're never going to buy SteemIt lol. Facebook is already thinking about rewarding the user in some way. We'll see how the next few years go! Nobody can compete with the benefits of the STEEM blockchain in the end.
I upvote myself
Lmao
My scenario
Follow me is to follow you by upvoting me
Do you want me to upvote or follow you? I guess i'm not drunk enough to understand this :p
Both please, by upvoting me is upvoting @calamus056
A standing order UPVOTES - is always on its way 🚀🚀🚀🚀🚀
Guaranteed when I am log on.
As I checking my list of bloggers that doing the posting
So you like my blogs then?
If it make sense I will follow
This one make sense
Probably the ass kissingest post I've seen yet! Good job! Can I trade my bottle cap collection for steem?
It's so asskicking that you forgot to up-vote it.
I didn't forget. Read it again... ;)
In scenario 2 you say:
New investors will come in and drive the price back up
but you don't address any possible reasons for the price going for that low? I'd like to hear what you can come up for that and would the price really go "back up" (to how high?) after that.