But if the price of Steem reaches at 250$ mark, I am pretty sure that everyone around here will be more than happy. From top investors to minnows.This is a nice example @exyle and I totally agree. Mining is going to be harder and harder.
Let’s take me for example. Right now my vote worth more or less around.20 at 100%. If steem’s price goes to 250$ my vote will have a value of 20$. Imagine those who have a vote worth 100$ nowadays...
Let's play and take that $250 number. Yes, your vote would be much higher. But also your total account value would be $161,750. Would you be willing to leave it all in and risk it all?
@exyle that’s a problem most of us would love to have. Lol. I would Imagine most Minnows in that position would take some out and I wouldn’t blame them. I probably would to a small degree but I think it would also totally depend on how Steemit in general was doing. Growing and healthy? Probably leave most in for influence here. Right now at 100% I’m just under a .20 payout. I’m hoping to continue to grow here to where I can make more of a difference and delegate, sponsor more, and any other way that I can help quality creators grow. I’m in it for the long haul!!! Great post!
I wouldn't of course. Maybe i could cash out some of it. But I also see people here with millions of SP and yet, they still don't cash out even if they bought when the price was like .07 - 0.1 which is the same analogy ...And mining steem would be 100 times more difficult, BUT it would allow me to practically make a living through my posts and my payouts. And considering the fact that this price won't happen tomorrow I would probably have even higher balance,like everyone.
What I am trying to say is that such a huge pump in the price would have many benefits. Just think of the people in third world countries. It would be a life changing factor for them.
Maybe not for me and you because we live in Europe and life is far more expensive but for them, it would be a miracle!