Is this what the early bitcoin adopters felt like? I got involved with bitcoin when it was already heading above $20. What did they feel like when it went from $0.05 to $1.00?
What will we (or could we) feel like when STEEM goes from $1-$3 to... a lot more?
Interesting times indeed.
I'd imagine so @lukestokes. I think STEEM has to go higher. Essentially, demand for new account registrations will increase demand for SP and SD. This will force the price up and will essentially give those who don't feel they have much power, much more power. For instance, a user holding only 1000 SP right now doesn't lend much $$ weight to a post, but if STEEM were at $20, it would be a completely different story. While their vote weight is the same, the dollar value is now significant attributing anywhere between $0.20 to $20 to a post.
I think we can assume it's possible that with the amount of people who use Facebook and Youtube.. and those people coming to Steemit the value of STEEM POWER can and probably will go A LOT higher :D
Hey I just did my first real vlog besides my intro.. if you get a chance will you please check it out?
https://steemit.com/new/@stealthtrader/steemit-vlog-2
@stealthtrader: done, commented, and voted. I know all about the kids making too much noise. :)
@billbutler: Indeed! If this coin has legs (and I think it does), it might even challenge bitcoin. If the coin itself goes way up in value, what we consider "dust" now might be really significant later.