Trading has begun, let's hear what you guys think about the price! At launch? After 3 months? After 1 year?
STEEM Price Speculation
9 years ago in #steem by nextgencrypto (65)
$348.77
- Past Payouts $348.77
- - Author $174.46
- - Curators $174.31
117 votes
- berniesanders: $600.68
- rainman: $325.66
- blackjack: -$202.70
- steemit200: $140.36
- firstclass: -$137.67
- skywalker: -$131.42
- freedom: -$115.11
- bitcoin2016: -$87.54
- alphabet: -$73.71
- badassmother: $64.23
- simpson: -$51.21
- complexring: $50.10
- elixir: -$50.02
- silver: $46.67
- diaphanous: -$46.39
- bmw: -$41.44
- apple: -$39.64
- books: -$37.13
- rossco99: $36.88
- fantasy: -$35.14
- and 97 more
I think we may spike pretty solid here once the other markets open up, word gets out, current miners sell-out or vest-out and the project has a presentable front image. Coupled with the coming changes to mining rewards, vesting pay for witnesses etc. I think leading up to July 4th there will be a strong run up. I'm pretty certain I'm not aware of all the moving parts though so who knows.
I also think we will see a significant increase as STEEM gets on more exchanges and the front end comes together.
The price will most likely spike as people hear more about steem and it gets onto more exchanges. However, as people realize that there is no tangible value underpinning the price of steem people will sell and the price will continue to decline in accordance with the dilution of steem to pay of content creators and curators.
Steem doesn't entitle the holder to any revenue streem, so the value of steem is entirely subjective, making it impossible to speculate what the price will be in a year, a month or even a week.
It would be wise not to "invest" in steem, and instead just use the platform to find and post new information.
Let's just say that the STEEM user base will need to expand beyond the BitShares community. That group alone has not been enough to carry BitShares to wide adoption, even though the technology kicks other cryptos' butts. I also hope STEEM can be great, but we will need a lot more people involved. It's not just going to reach the moon because it's useful -- BitShares is damned useful and could solve a ton of problems people face in the real world, but still nobody knows about it.
May be we should open more categories for various discussions...
Why people will buy STEEM.
Keep in mind, part of the reward is in Steem Power which as you know must be divested over 104 weeks. That alone will keep people involved and interested.
First of all Steem is a cryptocurrency really different from the others, more involving the community than any other currency which is , I consider, as a force. Moreover the money has only been registered since 18 days and its marketcap is already nearly at 8 million $, so if you want my opinion I think its going to do just like with Ethereum I guess It will reach the 8-9 dollars per Steem in 3 months and probably 100 $ in a year as more and more enterprises are getting interested with the crypto-currencies so the people will get interested in and the price will skyrocket
Only a few more hours left before the change in mining, it'll be interesting to see where we sit tomorrow morning!
See you up there
I expect we'll be seeing ~.002BTC/STEEM on the markets this week or higher with the end of significant PoW and the change to witnesses. Also all of the new mining will be going into VESTS (Steem Power) and not liquid STEEM.
At the absolute lowest! Are you ready for takeoff?
Take of will happen.. i bet after 15th of march..
to the moon!
i am waiting first from the aws monsters to dump some more... u dont thing everyone realized that no more steems, even from mining... and yet the difficulty is still up... probably after the official announcement of steemit.com...
Some movement from there and on...
So we've seen the "mining monster" gru1234 transfer all of his holdings to Bittrex last night:
This triggered an initial selloff down to 0.001 which is where the price stands right now, however the selling was not done by gru1234 as can be seen from Bittrex distribution graph:
Unless gru intends to bide his time hoping for a better price, we can probably expect a downwards price pressure in the short term.
Where can we see the Bittrex distribution graph you're talking about?
Steem is a difficult beast to speculate. It's so different compared to other cryptoprojects.
This can cause wild volatility until speculators start to understand how this works.
We might have some interesting situations, like if the price is falling slowly. If it falls slowlier than inflation, we are in a situation where price is falling but total market cap is rising.
I think you're right about that, although I expect that newfound interest in what is being done with STEEM on the site here will draw enough to counteract the inflation.
I am trying to think about it in regards to market cap. Right now we're at about $20M. However in a year its been stated that there will be 500M steem in existence. If we maintained a price of about $1 per steem, we would have a $500M market cap. Thats definitely possible, and would make me a millionare, so its my preference. It might be a tad optimistic though.
I also think that it is critical to consider this from a market cap perspective.
See this article for more detail on how to properly calculate the market capitalization of steem.
Fixing that link for you https://steemit.com/steem/@dantheman/how-to-calculate-the-market-capitalization-of-steem
Price Steem
Bittrex: Price: 0.0012 BTC; VOL: 73.20750955 BTC
Bitshares: Price: 158/BTS p/Steem (0.0016116 BTC) | VOL: 935,000 BTS
I expect a good pump when STEEM is added to poloniex!
can someone open up a bitSteem market so i can short?
Steem price update : https://steemit.com/steem/@tuck-fheman/steem-price
What can you actually do with steem? For what do you need it?
Here is a conversation about why will people buy STEEM. and here is what I think is an awesome answer to the question. The reason is not very obvious, but there certainly is benefit to buying STEEM.
;)
how the hell did this not get voted up? Oh...wait, it doesn't give me the option to vote it up?
Yes, I have the same question... I see I can post, reply and upvote without the need of steem, so what is it that gives it value!?
Actually, you can only post, reply, and upvote because steemit gave you 10 free Steem Power when you signed up.
Please iPhone app, the steem is good product.
Decentrized killer contens.
Where can one find the current price of STEEM?
https://bittrex.com/Market/Index?MarketName=BTC-steem
What's steem?
STEEM is the underlying cryptocurrency that fuels the Steem blockchain. The more STEEM you have, the more weight your votes carry. At least that's how I understand it. I'm sure someone else can give a better explanation.
that is right. just like a game .. if you want to be a powerful ppl on steem then will tent to collect more steem power and vest
cool article !!!
It will raise exponentially when critical mass of people understands the benefits steem provides over other social medila channels