You can't compare BTC and steem. Btc is money and it's not practical for an average person. Steem is also money, but masses will accept it through social media aspect. When they'll realize its potential and usefulness it will become rear and expensive. And also posting and curating rewards are on top of price rise.
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I disagree. I have to compare STEEM and BTC. Because on Jul 19th I had to choose to move $10K into one or the other.
So the choice and comparison is absolutely real. I was there. I lived it.
Your analysis that STEEM is money but BTC is not is very curious. There is nothing to spend STEEM on otherthan to convert into money such as fiat or BTC.
At this time, STEEM is a lot less like money than BTC is.
That's why steem have much bigger potential. Btc has nothing new to show to people. Steem is not started it's mission yet.
I see you are "all in", so your money is where your mouth is. Your timing was great. $140K input in Mar and April. Then you could cash out enough in May and June to payoff a substantial portion of your starting stake based on STEEM going to $2
So you're almost playing with house money at this point. VERY NICE.
Almost a can't lose situation.
Given your awesome track record of timing, perhaps I should listen harder?
I'm still skeptical of price going to $10 in near future.
But if it does, you'll cash out your $1M and be able to afford life time tickets to the Oilers.
Super sweet !!!
But if you cashed out a big portion of your stake at $2, how will you have patience to hold until $10??
You thinking too much. Buy and hodl. Set your target price at $100 so you don't get impatient. That's it. $10 will come. Sure like death. Time flies and before you'll know the year is over. Steem will spread like a plague. Mark my words.
I have to agree with @oldtimer... You just are being impatient and making a no sense judge and comparison for your personal experience on jul 19... The fact that someone make profit from investing BTC is not an argument, there are many many MANY others that have made investment when BTC was 5k and now they are on big loose, while keeping their money on STEEM would have them avoided losing that money...
The thing is, if blockchain and BTC is revolutionary, steem and steemit is revolution within the revolution, this is a game changer and will moon soon or later, we are still highly undervalued...
But i still would not compare it to BTC, as i thing BTC will raise much more too, cant bet about the timing though...
Spot on. Thanks for your time.
You didnt HAD to choose, you only choose because you wanted to... you could have chosen between eth and riple etc... this is only your choice, and not a valid mandatory decision for everyone... this argument makes no weight...