The speculation is so tricky. Does one wait to buy in, or get in now? Steem was also 25 cents on July 6, 2016. One week later the price goes x17 to $4.25. The liquidity issues of crypto are legendary. A few million dollars here or there can alter the market cap by fifty times as much.

Personally, I'm trying to save up a little to buy in a few months. I figure you have to give time for the power down after Steemit Inc. laid off 70% of the company. Although, with SBD in the 60 cent range that seems like an extremely safe bet.

I think we also have to assume that if the price spikes ned will thank his lucky stars and sell into it.