I really don't know what to think of steem... i can see some problems that should be worked on atm to make it a better coin, but i can also see the future in it... steem going to 1.5 dollar will probably happen, but i can see steem going for at least 20 dollars at the end of the year, and the max price will be 100 bucks ea steem, the thing is that, steem is always being generated so there is more supply each day, shouldn't the price lower in the long run? or am i wrong to assume this?
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Well, the inflation rate is dropping by 0.5 percent every year and as more steem gets powered up, it will make the coin more scarce. Scarcity leads to demand, which in turn should lead to higher prices. And given the huge development projects and potential future user base, the currency is looking ripe for a serious price increase soon. I'd rather be in than out, my friend! :)
I did not know the inflation rate was dropping! Then yes, that does make sense! Thanks for the info, any price speculation of how much the steem will rise?
Double digits, without a doubt, buddy... Looking at reaching that latest by the end of this year. So we are still in a prime opportunity for buying up now. :)
Going to sell one of my three kidneys for some Steem!! Yeah... three... don't ask questions or i might have to kill you xD