Why do you say this @intelliguy? What do you know that we don't? FREE LESSON
THIS IS RARE!
I've been in cryptocurrency since 2013 and this is a rare event. A REALLY RARE EVENT
When Bitcoin goes up, it raises everything with it
When Bitcoin goes down, it lowers the price of everything too
STEEM price is detached from Bitcoin. It is a crypto-species unlike any other I've seen.
In the really old days... like super old... like the last 2 years in cryptocurrency history means "super old".. it is common to see everything (meaning ALT-coins) go UP with Bitcoin, and go down with Bitcoin.
- If Bitcoin is doing well, everything is doing well
- If Bitcoin is doing poorly, everything is doing poorly.
ALT-traders know that. Bitcoin investors know that.
Except, we have a new, a very new, rule of thumb.
Whatever Bitcoin is doing on the charts, has no bearing on the price of steem.
Steem can do well regardless of what Bitcoin is doing.
WHAT MAKES STEEM DIFFERENT?
STEEM is not an ALT-coin. It's a completely different animal of every other coin you see competing against Bitcoin on coinmarketcap.com
STEEM is a community. It has experienced investors, and new users, creating a growth rate and a demand unlike any other coin out there.
STEEM is a BETA chain that has surpassed expectations. (Yes Tone Vays, I'm talking to you)
Wait a minute... who is this "Tone Vays" you are talking about? Never heard of him?
When Dan Larimer created STEEM with his team of programmers and developers, Tone Vays said that STEEM was a scam. It could never outlast its first year of operation. It won't work. It couldn't hold value. Tone Vays refused to create a steemit account, nor would he ever buy a single STEEM.
What Tone Vays failed to mention, is that he's human and prone to error like the rest of us. Tone Vays did admit, he's a Bitcoin maximalist, which means he's 100% into Bitcoin and 0% into everything else.
Well today, if you visit coinmarketcap.com you're going to see exactly what I'm talking about.
Go to the first page of coinmarketcap.com and see lots of RED numbers, lots of charts going down just like Bitcoin is going down. Scroll up and down that chart page and look at everything.
What will you notice?
STEEM price didn't even flinch. It's hovering along just fine and it doesn't matter what Bitcoin or the rest of the ALT-coins are doing.
This is time for a celebration. STEEM has proven it is stable. It might even be more stable than Bitcoin for volatility!
...and....
- ...for second free advice as to why.. I'll tell you why....
User adoption of STEEM is at an all-time high (more than it was just 6-12 months ago).. We're gaining more new users and more new interest each and every day. That includes investors too! Not just bloggers!
If we had a closed loop of interested people that would have stopped coming by now, then yes, we'd rise and fall against Bitcoin's price. That isn't happening.
..that isn't happening because we're seeing numbers and growth similar to what Twitter, Facebook, Reddit and other huge platforms did in their early days.
If this is still the early days for STEEM and STEEMIT, what can we expect to see?
Massive growth both in user adoption and much higher prices in our future. Get ready.
Fine print. These are my opinions only. You decide. I think it's obvious. What do you think?
I just realized something.. I never explained how to best celebrate... re-steem, upvote, and share this post. We need to make this loud and clear there is something going on over here, so people realize it and get excited too..
My next prediction: STEEM over $10 in 2018...
P.S. I haven't had a big post like this in a very long time.. Thank you for the support!
I am afraid steem will price down very soon, as KR keeping controling cryptocurrency but steem are pumped by kr exchange!
boom upvoted i agree yes steem is now on its way to $100
This is great news for us . Steem is one of the very few crypto currencies with a genuine product and use case , not just a bunch of day traders looking at charts all day to make a quick buck.
Without breaking a sweat.
I agree. I think $10 is an easy goal, and we'll see it go much higher during 2018.
We need to step up our 24 hour vloume
Why is that? Would that attract more investors to the platform?
absolutely more people that use the platform the better the platform is.
I get that, but why exactly is the 24h trading volume an important metric to focus on?
Steem $10 seems like a realistic goal for Q1/Q2
I agree! We've been pretty lose when we were at $8, so $10 should be very doable, especially at the release of SMTs.
HODL!!!!
Although - I predict it would first have to go down to about 2.5$ to 4$ USD levels before it can break out again to the 10$ USD. But it sure is possible.
The long term plan is to accumulate as much as you can at any price before we see $10+
Unleash the beast! No utility like Steem in the crypto space!!
Fully agree - even though it is down ~5% now, when you look at the chart, it is just a slow decline down versus the precipitous drops others are seeing
It bodes well for the next leg up
$25 would be awesome - others are much more bullish
Cheers
A little down is normal. A lot down would mean we're tied to Bitcoin. 5% is tiny. Many coins when Bitcoin drops lose 15% to 20% of their value over the last 7 day period. The steem chart looks quite healthy. That's how I know it is detached from what Bitcoin does. :)
I think this is because Steem generally isn't that much hyped as other coins have been. So the value mainly comes from it's community.
Which could also make Steem more resistant against the 'BTC falling effect'
5% is nothing in crypto
My next next prediction: STEEM over $10 in first quarter of 2018 and over $20 in second quarter, between $30-100 by the end of 2018
This is a great post, @intelliguy! You make some very good points. It's really exciting that Steem is the first cryptocurrency to break away from the reins of BTC, and this will for sure lead to a very interesting future! I believe we will get a lot of new users here in the coming months, especially after the next hardfork, so prepare to see green numbers on Coinmarketcap even if BTC is red ;)
Wow ! Great job @intelliguy , and thanks for all the awesome information about our great Steem animal ! I definitly agree and see massive growth in Steemit to continue even more so after hard fork 20 and the SMTs are released , its going to explode with investors and new members for sure , and im sure Steem will easily surpass $10.00 !! And Beyond To The Moon , so hold onto your hats in 2018 folks , We Are headed to the Moon !! Im now going to save up my steem after todays sell of 170 steem on bittrex to pay my rent ! As They Say HODL !!!!!
I love this platform , its changing a lot of lives for the better all around the world, Yippe ! Upped 100% and resteemed this great news !✌👍😀💕💲💲🎉🎊🎉🎊🎉🎊💰💰💲
yes
Hadn't thought of it in those terms exactly. I agree, we are on track to being the household name in social media and crypto!
I'm NOT a cryptocurrency expert. In fact I know very little about them. I have never bought any cryptocurrencies and know almost nothing about trading. Yet, when I entered the world of Steem and began looking at what was out there, I always had the idea in the back of my mind that Steem was something special. It was different than the other coins and I needed to be a part of this.
You, sir, have strengthened my belief. I'm thankful to have found this platform and trying my best to help make it grow. I've met some really nice people here and I admit I've become addicted to Steemit.
I can't see why Steem would not reach $100 each in the not-too-distant-future! In fact I don't know why Steem is not challenging Etherium and Bitcoin for those coveted top trading positions.
@intelliguy
Agree 100 @ @steemit, is truly a platform with a bright future, it's approach and basic functionality is what makes it work. It also does not hurt that it has enabled the average guy/blogger to monitise their work, and be rated by the masses.
Love @steemit and intend to commit even more to the success of this platform as it is a light at the end of the social platform tunnel.
stay blessed
I have noticed that STEEM price is really stable even though bitcoin is moving up and down. It's great to see our lovely steem doing so well. I can only imagine how much joy it will bring to the world, hehe!
...and the joy you speak of, isn't just investment joy.
It's the first social media platform I know of, created for the people, owned by the people, and supported by the people. Finally. :)
Yes, exactly! I didn't mean joy of investment only. This platfrom is just fantastic for everyone, because it's not controlled like all the other social medias. A fantastic community and a lot of freedom makes you feel good being a part of it, seeing how much it grows every day!
This post has received a 57.87 % upvote from @booster thanks to: @fyrstikken.
I think STEEM will go over $50 in 2018!
I’ve noticed this as well, though I hadn’t thought of what a huge deal it is. The biggest reason is probably because of the incentive to power up.
Does the limited supply of Steem include Steem power?
Steem and Steem Power share the same supply. They are kind of like two different forms of the same coin, since you can freely change between them (expect for having to wait).
This is exciting, and still, Tone Vays made good insigths a year ago... some things changed, like the period of powering down, which before was a 2 year commitment, and now 3 month... but anyways, i would keep and eye in how Steemit actually evolves with the reward pool, becouse SMT migth create a better model for their users, still, STEEM holders would benefit from that.
The thing I did not appreciate is that Tone Vays called it a scam. That was rude, unfounded, and an over exaggeration. Sure Steem was new, and a good experiment (which obviously works). It wasn't a scam, and I lost respect for him when he said that.
That is true, anyways, it still has lot of problem incentivazing whales to create value and not just rape the reward pool. I just saw this video from this guy in the spanish community, he just invested 6.99 bitcoins in Steemit. And his whole idea behind is: "see? now my shitty posts makes 800 steem dollars, ha!, im going to be the biggest account in the spanish community and im sorry if you all dont like it".... and thats exactlly whats Tone Vays was seeing: the raping of the Whales towards the little guys who are investing 100, 200, 1000 dollars... hopefully we find a way to fix this, becouse the reward pool is limited and 90% of that is going to shitty content, being cashed out, then they make a post, rape the pool again, cash out and so forth... so.... we have to know whats happening and find ways to fix that...
There are many factors that decide the price of Steem but not being connected to BTC is a huge advantage. I have high hopes for this year and hopefully, Steem is going above the 10$ mark.
Thanks @intelliguy, I am a minnow with crypto and steemit as well. But seems that we are all positive here with regards to mooning of STEEM. So I am just logging in my bittrex and buy some STEEM.. 🙏🙏🙏
I am sure you are right. It will grow to 10 and even more. We saw that it can do a suprise jump and goes its own ways. I wish I could invest more when I started. I will keep posting my artwork here and see where it goes. I want to earn in steem now.
Yes, the fact that steem is not an alt coin but something bigger in the blockchain world needs to be put out there
I am watching it explode and loving every minute of it! Thank You @intelliguy for speaking the truth about this topic!
I also think that way. Steem is a very safe investment and continues to move by investors or new users who will continue to grow. I feel like that. Thank you for your knowledge. Hopefully we will all succeed here. Greetings for you @intelliguy.
Now all they have to do is remove the flagging system, so big whales can't bully users, and Steemit could very well become a 100 million active user platform by 2020! 🐳
Steem sure is the coin of the present :)
🗅
As I newcomer here on Steemit I like to hear that people have big faith in the Steem blockchain. I also believe in this platform so will probably make a small investment and hope for Steem price to climb.
Let's make it happen!
I read this with my inner Steve Erwin voice, brilliant!😁🤗
I love it.
Relatively new into steem and entirely new in crypto-currency, but I agree with you!
Re-steeming of course and ... long live steem!
Steem might even reach $15 given what we have seen in 2018 in the crypto space
Completely possible.
Great post. It's nice to see that steem acts separately from bitcoin. Price of steem will definitly go up this year. 15$ is not to much asked I think. All crypto's will BOOOOM this year so why would steem stay behind?
I do have to add though that STEEM/SBD does still follow the price of bitcoin versus USD, but that's also largely due to the fact that the primary pairs on bittrex and poloniex are STM/BTC, SBD/BTC, so they've been holding their ground in BTC, they're still going up and down with BitCoin's value in USD.
For example, I'm seeing BTC down 1600 this morning, and here's what STEEM/USD looks like (based on polo's STM/BTC pair):
In general, steem has its own heartbeat different than most alt coins, you must give it that...
I think Steemit is a very good platform. It brings out the best on People.. Up steemians
Looks like the chances is high based on the current trend. Thanks for the positive post to encourage everyone in steemit. We sure hope it continues to grow.
I fully believe it will.
I 100% agree...Steem to the moon this 2018 and beyond.
thank for post. l belive that it will go up even more for steemit. @intelliguy
I think steem will have a great future because his strategy is good in the digital currency world @intelliguy
we are moving forward..let have fun steemians....moving straight to the top
It is terrific that it is independent from BTC, yet it doesn't seem to grow up more than 15 dollars so far? Let's hope it reaches a new stage ! People are overreacting.
I have found some Coins will do the opposite of bitcoin, you can see it quite clearly if you watch btc 1min charts and Vechain 1 min charts.
creates quite the trading opportunity
Steem is best crypto coin to invest because it has a bright future ahead and believe me it has capability to overtake facebook and other social network .......Nice post @intelliguy !!
I have even bolder prediction: $10 by the end of January.
For those holding Steem or other crypto, please inform yourself and get a good crypto-wallet
https://steemit.com/cryptocurrency/@nzfxtrader/top-5-best-cryptocurrency-wallets
Who here can recommend to me the best crypto wallet ? any comments welcome
I have to agree with you @itelliguy!
I can see Steem being over 10 dollars in 2018 , the question then becomes will it hit 20 .As more money comes into the market i believe it is definitely possible that more money will come into utility platforms like steem additionally now that steem is developing smart media tokens like Vice i believe 20 is very much achievable.
i think steem will cross $10 mark
i think will cross $10 mark
I guess it is time for steem to enter new brokers. I am using bitfinex and it is too bad that they dont have steem.
good post