So i wanted to create some Rough Drafts for an initiative similar to @reko @whatsup and @seablue 's March to $100 Steem which I think we have a real shot at achieving if just 80,000 users each bought and powered up $1000 worth of Steempower each or 800,000 users all buying and powering up $100 dollars worth of Steempower each. So @penguinpablo did the research and found out how there's approx 49 Million Liquid Steem on exchanges, and so with a total of around 269 Million total steem, and with approx 78 million liquid steem that's not powered up, we have 49 million liquid available steem on exchanges which would cost around 70-80 million dollars. If we could buy and power all that steem up and have the discipline to keep new large chunks of steem off exchanges, we could possibly push our supply down to around that of or less than bitcoin.
https://steemit.com/steem/@penguinpablo/how-much-steem-is-stored-on-the-exchanges-june-15-2018
( @penguin pablo report above and here is my post about this same topic https://steemit.com/steem/@ackza/penguinpablo-just-answered-a-qu-2018-5-6-11-35-59 )
What this means is we have the power to keep our available supply of steem on the market very low. 78 million is liquid and not powered up out of 269 million total steem, but out of that 78 million only approx 49 million is on exchanges available to buy and when that all runs out AND if no one floods the market with any cheap steem from the top 10-20 accounts who have the rest of that 30 million liquid steem, THEN the price can skyrocket IF we continue seeing demand which we will during an ordinary run of the mill crypto Bull run where all the coins are up 10-20% and that WILL happen again given enough time. Steem might be so high in price that @ned may want to sell some of the steem he has in his @steem or @steemit accounts and many of the other large stakeholders holding some of the approx 30 million liquid steem NOT on exchanges MIGHT all start selling some of that steem on exchanges IF the price is high enough BUT they MAY have discipline and understand just how high the price will keep going if they DON'T sell.
( GIF by @web-gnar )
Of course if steem was so scarce that only a few tens of thousands of steem were trading for millions of dollars, well then of course those whales with the only large amounts of liquid steem left would eventually have to start bringing liquidity to markets. Especially if we can get them all full of people trying to get a bigger stake of ownership in this blockchain since it becomes more and more clear that it is really a digital sustainable money printing machine! Steempower will be seen as the ultimate passive income tool or the ultimate way to make money having fun off social media and as the price goes up then the money you can make off selling upvotes or leasing out delegation rises higher and higher for those who got in early. And so the FOMO will intensify and use the steem social media network itself as its own built in Pumping machine which has users power up so instead of waiting to dump they just make money off the reward pool and getting upvotes from users larger than them!
(Me Dlive streaming in the future to 10 accounts )
So when you do the math, we need either:
1 guy to buy 80 million dollars worth (not likely)
or 80 people with 1 million each (more likely but still not easy)
or 800 people with 100,000 dollars each (now were getting into more realistic projections)
or 8000 steemians with 10,000 dollars each (now THAT sounds DO-able! HAH just MY followers ALONE could do this if we ALL saved up 10,000 dollars in the next few months to buy and power up steem with!
( Amazing Animated GIF by @sndbox who we should all be checking out and contributing to more often! )
OR for an EVEN MORE REALISTIC Goal:
we get 80,000 steemians with 1000 dollars each (Now THAT is a god way to raise $80,000 million dollars to cover 49 million steem and power up all the streem available to buy across all exchanges! )
Now THIS we can all do! Imagine 80,000 current steemians all getting jobs with uber or whatever online work they can find and saving up enough to invest 1000 dollars each! Whales and dolphins will be among these users AND will most likely upvote the users who begin buying AND powering up 1000 dollars worth of steem, as whales and dolphins like @thejohalfiles do this sort of extra rewarding of users anyway! And there are plenty of whales who would be both investing and upvoting others who invest with them! If we space this whole process out we can slowly buy up the entire market and ensure that we steemians buy up what other future users & investors will swoop up on if we don't!
(Screenshot of @penguinpablo Chart + Steem Markets List of all steem on exchanges )
or we just get 800,000 steemians to invest $100 each and since Steem has around 1 million+ total accounts, this would be the easiest thing to do since most everyone around the world can save up $100 each to invest in Steempower, we just need to make sure the money comes from OUTSIDE of steem and not just from SBD but trading SBD for steem to then powerup is also great! We just need to see people buying the steem on EXCHANGES until it gets so expensive that people have to join Steem and get some of the reward pool just to make money and just as we saw when steem and sbd spiked in price, interest in steem on google trends and alexa also spiked, so as long as steem goes up people will be joining JUST for the rewards and since our reward pool keeps paying even as steem price drops, we will always have new users joining and so getting 800k users to buy $100 worth of steempower each is something I feel like we could do easily if we made a new @steemmonsters game that required you use steem to buy in game items and make the game so addictive that people are all spending $100 on SP to get special AIRDROPS which the game devs can drop to people who recently power up! Imagine that as a way to incentivize powering up in groups ;) So many great ways to create demand for steempower if we have SMT airdrops giving out"free" tokens only to Steempower holders!
And since we only have 1 million accounts and maybe 80-100K active daily users, well, i think we could actually pull this off, even if 100,000 users had to each invest 800 dollars each that would give us the 80 million dollars needed to buy up the 49 million liquid steem across all major exchanges. Then there would such little stem left on exchanges that people would have to pay $100s of dollars per steem just to get one token!
So let us proceed with a plan to get 80,000 steemians to each buy and power up $1000 worth of Steempower
OR we get 800,000 users to buy $100 worth of steem and power it up, that will pay for the
OR if all 8000+ of my followers bought and powered up 10,000 dollars worth of steem it would also hit 80 million dollars worth of steempower, around 49 million steem that is on exchanges out of 78 million total liquid and that rest of the liquid is stuck in whale accounts who I guess won't sell even if Steem goes up short term. So I believe when all buy up this 49 million steem or around 80 million dollars worth, we can make steem SO scarce SO limited in available supply that people will be able to charge $10 $20 even $50 per steem or even dare I say $100 ! @whatsup and her and @reko 's March to $100 is BACK!
PS: I added @penguinpablo as 10% beneficiary rewards on this post thanks to @steemplus Chrome Extension!
I hope I can allow this practice of adding beneficiary rewards to posts to catch on when people use others links or images in their posts! I like sharing the rewards AHEAD of time this way! personally I wouldn't mind people using my posts to make their own posts with their own ideas influenced on mine, especially if they are giving me beneficiary rewards! It reminds me of youtube allowing people to make money off of the ads on content that uses their own copyrighted material, without the creator of the borrowed material getting any pay, but at least here we can voluntarily share rewards, and I hope this system becomes popular when Steemit inc adds beneficiary rewards on the main UI instead of having to use @steemplus which forces a 5% cut to them when using the feature :) which is ok because I like supporting steem developers AND it is only taken out of curation anyway and is rarely ever that high anyway just like how most curation barely ever reaches 25% and is most often must much less even under half that on average from what I have seen!
So let's get steem to $100 and maybe more DITTY music videos will do the trick! we need more memes! more steem memes and fire them at reddit, 4chan and Youtube!
( Automated Steem Music Video about Steem going to $100 I made with DITTY App)
Thats just one example of automated steem memes you can create with apps like DITTy to then post all over Instagram reddit Youtube 4chan and so pump up the steem memes o pump up the steem price! Reddit users on r/bitcoin are showing each other charts that show correlations between reddit comments and bitcoin prices :D If that has any merit then just imagine what Steem will do when we get as big as reddit with its approx 250 million users (One for every steem token aye?) so let's show them some https://blocktivity.info stats and get this steem vs reddit feud started so we can end with reddit users thinking about an SMT that airdrops to High Karma Reddit Users :D I hope you all enjoyed my Troll Math and troll economics but @inertia DID say about this idea that its "just so crazy it just might work" on https://steemspeak.com discord but it had healthy sarcasm attached :) And I am serious about more people buying more steempower I mean, why not? can't hurt right? I think its a matter of persuasion and marketing to take 80,000 existing users and get them all to buy and power up $1000 dollars worth of Steempower, and I think we can and should do that and I think its very possible, plausible, worth it, and i will admit we may have to tweak the numbers a lot and I understand that as you start buying that much steem the price spikes and you cant buy the rest of it for that same low price, and how we may have to slowly buy it over the course of a longer period of time, but I still believe it can't hurt people to just have more steempower!
I remember when you always tell e to always powerup and this has always been so useful here ..thanks @ackza
i promise it will all be worth it man, u know it will go back up to $8 then $12 i swear we will see $20 it will feel so good man
we will all be partying round the world on that day!
the day steem hits $20 what price do you see sbd being that day?
Hopefully when steem is $20 SBD will be $1 where it belongs, XD :D so merchents and business owners can actually use SBD as intended we cant just have everything goingup, then we have no utility token people can use and be sure of its value, people cant risk holing just steem which may go down because its overly high.. they need SBD at $1 so they can be sure it doesnt change and mess up their business!
I agree @tytran and I am Grateful for you and Zach @ackza for putting Ideas like this to the forefront to help STEEMIT Grow Organically...............
I'm looking forward to that day. :)
It is a dream come true. So hopef about this @ackza
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Please check your transfer details and vote for me.
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Please refund.
The amount I sent was 20 sbd.
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If I had $1,000 I would love to join in :|
Good to see these numbers and in my opinion here one question will be raised and that is rate of affordability means, there are very less number who are able to buy Steem. But, as soon as the Steem will reach to the masses then these numbers are easily achievable. Let's hope for the best. 🙂
@ackza I'm much existing with your this post. It would be great changing if the worth of Steem become $100 .
Learning from the master, looking forward accumulating more SBD to key into this project. Very well planmed
check out how steem blockchain activity is making up so much of total world blockchain activity
Powering up is really cool and i love your analysis. Bravo buddy
I think it is more likely that each one will buy 100 $ that if it would be a good technique but for it to work it must do a specific time campaign, and it is something that has already been done with the ALTCOINS is possible
You got a 100.00% upvote from @votepower courtesy of @ackza!
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