STEEM price speculation thread

[bbc.reporter]

Let's see how long it could maintain being at 3rd place on CMC. I think it will be quite a feat for STEEM to stay at the 3rd place for one year. Do you think it will stay there for a long time or will we see it go down quickly just like the others?

Judging from the hate it is receiving in the forum it has really rattled the cage.

[ashkanb]

honestly i think its too early to start thinking "year"; lets give it a couple of months to warm up!
it came outta nowhere & i'd be really surprised if it managed to maintain its cmc position long term. but its alts and everything is possible!!!

[fortunecrypto]

i think they really surprised every body in the industry and people are actually making money here,this can indeed be the next big thing if they can keep up had a post there it's only one post but already made more than $50 on it ,unfortunately I can't cash out yet..

[Cboy]

I think we should wait some time before making speculations about the price !

[CoinBreader]

I think we should wait some time before making speculations about the price !

yep but till then benefit from the huge volume of trading and make some profit!

[Azael]

Can somebody of you brethrens put out an article on Steem about Factom?


Factom series A completed at a $29.1 million valuation when FCT is trading at $14.2 million market cap. How long before traders realize that? Last time when it was trading at around $1m market cap it took the market 4 months to catch up to the old $11.8 million valuation. https://bnktothefuture.com/pitches/factom-series-a

[viverra]

Hi. does anyone knows anything about SteemDollars? I can't find  relevant thread. Tnx.

[European Central Bank]

what proportion of coins are available for the public to trade and does coinmarketcap do anything to take this into account?

[bbc.reporter]

STEEM is now available for trading in Poloniex. Will we see it continue to rise or will be this be the end of the rise for the time being? I hope we see it rise again.

[iamnotback]

STEEM is now available for trading in Poloniex. Will we see it continue to rise or will be this be the end of the rise for the time being? I hope we see it rise again.

Now they can manipulate the price on a perpetual uptrend as Ethereum did?

Note apparently the SP power downs are periodic, so perhaps this gives them windows of time when others are not competing too heavily in the float?

I don't know why Ned and Dan don't have someone manipulating the price as Ethereum does. Seems that with their large holdings, and the very small float of STEEM, they'd be buying from themselves to jack the price up.

Their holdings are illiquid and quite transparent and only a small portion has been liquidated (and if you work out the numbers and think about the likely run rate for the development team, it has very likely been spent). They may have other resources, but there are no ICO funds and there is no huge warchest from already-realized trading profits.

Yes, it was a sneaky-mine and it was underhanded, but when it comes to lack of transparency and opportunities for manipulation it is miles ahead of coins like Dash or Bytecoin (and Ethereum) where a huge slush fund was immediately (or at least almost immediately) available with no accountability at all.

Not exactly. Perhaps you forgot your own major point to me, that insiders can take out loans and pay them back with their guaranteed revenue stream. Obviously in this case they need to take out loans in Steem tokens and I don't know what the interest rate would be.

Apparently the CEO of Streemit is in control of 80% of the SP and could sell that at any time (even perhaps facilitating the sale by selling the private keys thus not being visible on the blockchain), even though it takes 1 year of weighted average time to cash out. I'd urge him to do so now and start supporting the price. Not doing so is not being competitive against tokens that are upward price manipulated (e.g. apparently Ethereum) in this speculation market place (the free market forces us to do it, whether we like it or not). Of course, one has to weigh the legal risks though.

I am adopting smooth's recent pragmatic (and admirably free market, anarchistic) stance, which appears to be that all that matters now is winning and getting the masses into CC. And speculators get a game to play along the way.

Morals are arbitrary (e.g. unfalsifiable, ambiguous Buttery Effects, etc) jails shit for church.

Perhaps someone needs to whisper to them to not be losers. Our goal is to make CC successful. Any path that can get us there should meet our ethics, as long as the end result is permissionless, trustless and thus bettering humanity (or bettering humanity in any other way, which might mean just being successful in any way we can).

Would doing so obscure valuable market pricing information? That is something to ponder and argue.

[Amph]

this can pretty much replace ethereum, because etheruem is facing that hardfork that may destroy it, and without the shitty pos... so miners can mine forever, unless i'm missing something

but that hack on the website has not done very well to the coin

[GreenBits]

i think they really surprised every body in the industry and people are actually making money here,this can indeed be the next big thing if they can keep up had a post there it's only one post but already made more than $50 on it ,unfortunately I can't cash out yet..

So how does this work? Will you have to wait a year to claim this value, or does it pay out within a reasonable time frame? I'm curious about STEEM and I'm usually cold about most alts. But was looking at some of the trending stuff, and wondering if those guys were actually about to get the 5k+ value from those postings, and in what time frame.

[brekyrself]

i think they really surprised every body in the industry and people are actually making money here,this can indeed be the next big thing if they can keep up had a post there it's only one post but already made more than $50 on it ,unfortunately I can't cash out yet..

So how does this work? Will you have to wait a year to claim this value, or does it pay out within a reasonable time frame? I'm curious about STEEM and I'm usually cold about most alts. But was looking at some of the trending stuff, and wondering if those guys were actually about to get the 5k+ value from those postings, and in what time frame.

https://steem.io/
https://steem.io/#whitepaper

[bbc.reporter]

this can pretty much replace ethereum, because etheruem is facing that hardfork that may destroy it, and without the shitty pos... so miners can mine forever, unless i'm missing something

but that hack on the website has not done very well to the coin

Do you really think so? Will Steem overtake Ethereum and be no.2 in coinmarketcap and stay there? I think it will take more to it than that. Steem is only a Reddit copy and anyone can do this idea. But I will not close my mind to it because I might regret it later.

[criptix]

I think steemit right now will fail longterm. I dont see how they can maintain a high enough payment which is the main incentive for recent and future users to be active on their plattform.
Too much problems paired with initial scam sneaky/fast mining - just doesnt look good.

[helloeverybody]

Yeah short term i could see steem going up in price maybe,  it might juat for getting added to poli but the whales might dymp juat as easy.  Either way its no replacement for ethereum and its not a coin that anyone is going to seriously invest in for anything other than short term trading.

[bbc.reporter]

SBD or Steem Backed Dollars are now also listed in Poloniex and Bittrex. Steemit it seems is the current leader in cryptocurrency social media.

[ethereumhunter]

we can see on buy and sell on every market and i think steem trying to reach its own market, but i do not know how much rate that steem will reach after trying to survive. many predict that steem will be stay for a long time, but who knows what will happen in future.

[CoinHoarder]

I think STEEM has the potential to at least momentarily pass up Ethereum. Think about it... Ethereum hard fork, DAO = DOA clusterfuck, What can you currently do with Ethereum? Ethereum has done diddly squat, zilch. Steemit works. Dan has been making smart contracts that actually work for 2 years now (Bitshares DEX and Smartcoins were his first smart contracts).

More importantly, content creators and curators are getting paid and because of that growth is bordering on viral. I got my mom to use Steemit, but I have never been able to get her to use Bitcoin or Litecoin (even though she does hodl as per my advice). Steemit reaches an entirely different user base than what any cryptocurrency has targeted in the past. There are a ton of Steemit users in which this is their first experience with cryptocurrency.

Forget about Ethereum for a second, considering the following market capitalizations, I genuinely think it is a possibility Steem can surpass Bitcoin in market capitalization. I do not take that statement lightly, and that is the first time I have said that about any Alternative Cryptocurrency since I got involved in Bitcoin in 2012.

Facebook: $337 billion
YouTube: $80 billion
Twitter: $12.6 billion
LinkedIn: $25.4 billion
Instagram: $37.0 billion
Reddit: $4.0 billion
Steemit: $337,629,799

See, there's a lot of room for growth. Even if it is a bubble... it could get in the tens of billions of dollars territory before it pops. There is some evidence available that Steemit is bordering on going viral:




https://steemit.com/marketing/@dragonho/3-month-steemit-com-it-is-time-to-prepare-some-numbers-so-that-we-can-market-them
https://steemit.com/steemit/@gavvet/where-steemit-adoption-is-going-to-the-mooooon

Being added to Polo will certainly prolong the pump as well. It was just added to Polo 8 hours ago and it already has 1800 BTC in volume in between SD and STEEM.

[Divinespark]

I think we might see a near term valuation of $1bn which would surpass the Ethereum market cap. The longer term view is more cloudy. The design of incentives will be tested as the network scales.