What a great opportunity it will be if this happens, I'll surely trade some BTC for Steem, lets hope very soon, HF20 is releasing in Sep 25, after that lots of Steem will start to get burned with new account creation, so if it takes 1 Million Steem to create 1 Million Accounts, that's 1 Million Steem burned forever, less supply more value.
Actually Steem's liquidity is rapidly increasing. With 50% of powerdown now all liquid Steem and zero SBD being printed, expect a greater amount of Steem liquidity than ever before.
Limited supply can be detrimental for a cryptocurrency, low liquidity.
Greater liquidity is also needed as more new people adopt Steem.
Means ppl are giving up steem
We need the big holders to sell, it's actually a small minority that's selling the most. Once they are done selling, then ownership become more decentralized. This is very-very good for any crypto, brings in stability AND greater adoptions, both together becomes a 1-2 punch to leg up to next level, just like BTC jump from:
$0.005 to $0.10
then
$0.10 to $1.00
then
$1.00 to $30.00
then
$30.00 to $200.00
I'm sure you're familiar with the story from $200 onward :D
What a great opportunity it will be if this happens, I'll surely trade some BTC for Steem, lets hope very soon, HF20 is releasing in Sep 25, after that lots of Steem will start to get burned with new account creation, so if it takes 1 Million Steem to create 1 Million Accounts, that's 1 Million Steem burned forever, less supply more value.
Limited supply can be detrimental for a cryptocurrency, low liquidity.
Actually Steem's liquidity is rapidly increasing. With 50% of powerdown now all liquid Steem and zero SBD being printed, expect a greater amount of Steem liquidity than ever before.
Means ppl are giving up steem
Greater liquidity is also needed as more new people adopt Steem.
We need the big holders to sell, it's actually a small minority that's selling the most. Once they are done selling, then ownership become more decentralized. This is very-very good for any crypto, brings in stability AND greater adoptions, both together becomes a 1-2 punch to leg up to next level, just like BTC jump from:
$0.005 to $0.10
then
$0.10 to $1.00
then
$1.00 to $30.00
then
$30.00 to $200.00
I'm sure you're familiar with the story from $200 onward :D
Hope so, pray for the best and prepare for the worst