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RE: STEEM Price Analysis – May 17, 2017
Great analysis, as always... it'll be very interesting to see where this all takes us.
I'm more of a big picture/long term person... watching things like BTC falling below 50% of the total market cap for the first time; trying to decipher which of the altcoins will have the "differentiation" to break out from the others and so forth.
I am hopeful that Steemit (as a community) can build an actual thriving economy around Steem, giving it a solid economic reason for existing... which a lot of altcoins lack. I am not sure where we can "go" with this... but anytime someone thows up the word "impossible," I remind myself that there was a time one could buy BTC for less than a dollar...
Yeah, there needs to be more involvement from businesses. I'm working on that and would love to see the "marketing" team put some effort into attracting businesses and business start-ups that are willing to grow with the platform.
One thing that should probably be resolved is that SBD peg. That's going to be crucial for a self-contained/sustaining economy built around Steem.
I'll have an announcement very soon about a project I've been working on. Hopefully we'll see more like it over the coming months.