Quote from: Daffadile on October 22, 2016, 07:33:45 PM

Quote from: Cryptotraider16 on October 22, 2016, 04:46:48 AM

interested price dump from 3$ or how much its was maxx to 0.23$ omfg i see big lost some some peoples...i am sure soon new pump will happen.

It was at $0.21 a little while ago. i don't think it will drop much below $0.20 but the idea that the devs could just dump everything at any given time makes me feel extremely uneasy.

The price will drop, otherwise I'll become a zillionaire with my ...5k SP

The above is a calculator that I made in order to estimate the rate of inflation in my SP (which presumably is 9/10ths of the total inflation). I watch how much SP I have in a certain time period, then in another, then check the seconds elapsed and I have both the rate and the extrapolation into the future (based on compounding by the second). I then added a curation calc (SP+curation income) / a blogging calc (SP+cur+bloging income), and a curation-standalone.

I put my blogging performance or my curation performance and it extrapolates how my SP will be affected based on the current rate of what I'm making. Blogging is unreliable but curation is less so. SP growth is also unreliable in the long term (it should drop). But anyway, running rates are pretty high.

I have ~5k SP, and based on current SP growth and curation efficiency, these should be ~13k in 6 months and 35k in 12 months (with the current rate). Now if 5k SP goes to 35k, that's 7x. (+594%). So, if, say, I have 1k USD usd, that will make it 7k usd - if the price just sits at 20 cents.

People are not getting paid all these SPs for fun. It's because there is plenty of dilution going on (if I'm getting ~14.5% in SP growth then the monthly rate of dilution should be ~16%)

The bottom line here is that I can't focus on the price. I can only focus on what I'll have (holdings x price), because the holdings are going upwards due to inflation, curation and blogging - and all the while these are all compounded by their continuous increase and this means that their numbers, over the long run, become astronomical. My 3 year ROI is +73000% based on current rate of SP growth alone, and +232000% if I co-factor curation. In the 232k %, my 5k SP would be ...11.73 mn SP in 3 years which at a price of 0.2$ would fetch me .... 2.35mn USD Tongue

These astronomical numbers obviously necessitate a devaluation of each steem as a unit.

However, as a marketcap, the situation is different. In my view, as far as cryptocurrencies go, there is nothing that can convince me that Ethereum is more useful than Steem. I can't see any reason whatsoever on why Ethereum should have a marketcap multiple times higher than Steem. Of course there are big institutional whales behind it, which is THE reason, but the fundamentals regarding its actual use cannot compare with Steem - which has actual, real life use. Either Ethereum should crash, or Steem should go higher. The price is not reflecting the fundamentals which should be reversed. Steem should have a higher marketcap than ETH - no matter how that is achieved.