This is a nice example @exyle and I totally agree. Mining is going to be harder and harder.
But if the price of Steem reaches at 250$ mark, I am pretty sure that everyone around here will be more than happy. From top investors to minnows.
Let’s take me for example. Right now my vote worth more or less around.20 at 100%. If steem’s price goes to 250$ my vote will have a value of 20$. Imagine those who have a vote worth 100$ nowadays...
Let's play and take that $250 number. Yes, your vote would be much higher. But also your total account value would be $161,750. Would you be willing to leave it all in and risk it all?
@exyle that’s a problem most of us would love to have. Lol. I would Imagine most Minnows in that position would take some out and I wouldn’t blame them. I probably would to a small degree but I think it would also totally depend on how Steemit in general was doing. Growing and healthy? Probably leave most in for influence here. Right now at 100% I’m just under a .20 payout. I’m hoping to continue to grow here to where I can make more of a difference and delegate, sponsor more, and any other way that I can help quality creators grow. I’m in it for the long haul!!! Great post!
I wouldn't of course. Maybe i could cash out some of it. But I also see people here with millions of SP and yet, they still don't cash out even if they bought when the price was like .07 - 0.1 which is the same analogy ...And mining steem would be 100 times more difficult, BUT it would allow me to practically make a living through my posts and my payouts. And considering the fact that this price won't happen tomorrow I would probably have even higher balance,like everyone.
What I am trying to say is that such a huge pump in the price would have many benefits. Just think of the people in third world countries. It would be a life changing factor for them.
Maybe not for me and you because we live in Europe and life is far more expensive but for them, it would be a miracle!