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RE: Will Steem Go Back Up?

in #steem5 years ago (edited)

There is no such thing as get rich quick. Likewise, no coin will make a big leap overnight unless someone made it artificial. With the current inflation of the steem it takes an around 20 years more before we feel the price increase. As stated on steem white paper, steem inflation decreases in every 250,000 starting in December 2016 when HF16 initiated. So technically we still have to wait 18 years more which I think no long enough. Meaning, we still can feel price increase in the future in natural way.

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Supply is only one side of price. Steem is already at a low level of inflation, lower than almost any other than bitcoin (which has been around for 10 years and has had much longer to go through issuance).

Inflation doesn't necessarily mean the price can't increase. If demand exceeds the level that inflation alone can provide, the price will raise.

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