Steemit is one of the many cryptos that is taking off. Compare steemit with bitcoin though and there's still a big difference. As of right now, 1 bitcoin is equal to 1,850.913 SBD and 1,255.558 STEEM. But the question is, will steemit ever get as high as bitcoin or even up to $1000? Only time will tell but in the meantime we can speculate.
In my opinion, it might get to $1000 if we're lucky but not as high as bitcoin. Here's why:
1. Control
Who controls major cryptocurrencies now? Right now they're decentralized so theoretically their controlled by the market, the value society puts on it and that's what it should be. Hopefully bitcoin isn't manipulated like some cryptos may be potentially (ethereum and their ties to Bilderburger, see @pressfortruth). If cryptos are controlled right now then we have wonder why. Is it to get everybody to go cashless, preparation for a one world currency, or to get people to put their money into something that the 'controllers' will crash by wiping the internet, costing people millions and maybe even billions.
If it's not controlled know, it will be. The banksters have put a lot of effort into creating the fiat money system we use now and I don't think they're about to lose it this quickly. When looking at the news, you see that country's are starting to look as using cryptocurrency themselves. Russia, Ecuador and China are looking at using these as the means of payment in their country. That leads to a problem called government control. Some countrys are proposing laws on how to control cryptocurrency right now. I can't see cryptos climb if they're controlled in such manner.
2. Popularity
Right now, more people know about precious metal bullion than cryptocurrency and how many people even know about bullion!?! Yes cryptos are gaining popularity everyday which is good, but not quite enough. I don't know many people who know about bitcoin let alone have some. As much as I want to see people use cryptos instead of credit/debit cards I don't believe they will unless it's forced upon them. "Why go to cryptos when everything I'm using now works just as well?" might be a common excuse. Some people might not want to switch because they just don't care or maybe be skeptical to the whole idea.
Steemit is obviously better than facebook and I'm not going to list reasons for that. Again, steemit is gaining in popularity but not enough and maybe that's the peoples fault, I don't know, but I do know steemit will never be as popular as facebook. On facebook you can chat with users, make a post, share a post, comment on a post and more. The only thing to make it better (besides privacy issues) is that you get paid for it! Wait... that's called steemit. I don't know why more people aren't on here but maybe it's because of steemits suppression. I never heard about steemit until recently and I usually know what's going on on the internet. If steemit is what it appears to be, then it will continually get suppressed by the 'powers that be' and that's why it will never become as large as facebook, therefor steem going as high as bitcoin.
3. Time
Let's not take into consideration that bitcoin has been around for a long time. Let's look into the future. Tensions are 'high' right now in the world like they always are, and crazy stuff is happening. Could a possible war stunt cryptos growth? It seems like only a matter of time until some large war breaks out on the earth. With their being a war or even some 'catastrophic' event, its easy to come to the conclusion the internet could get pulled down or stop working. If so, then steem wouldn't have the time to catch up to bitcoin. This is all pure speculation on my part.
Other cryptos might come and steal the show. With many blockchains in the beginning stages, it's hard to say which one will be preferred or rise to the top. Eos comes out on Monday, and it's getting a lot of attention. Will steemit be just one of many steemit-like networks? Only time will tell.
Disregarding how well steemit may or may not do, it's important to not miss out on this opportunity and the opportunities to come. Let's be vigilant on this matter and not go in blind. I hope I'm wrong and the above doesn't happen so share steemit and this information!
you shouldn t watch the value of a single coin , it s better to have a look at the market cap as there are already more Steem in circulation than the total amount of Bitcoins , that will be created . Can Steem reach the market cap of Bitcoin , Yes I think so , there are a lot of potential users if you watch the number of activ users of Facebook Twitter and other social networks.
Something you also have to factor in is market cap. Bitcoin currently has a circulating supply of 16,411,150 BTC compared to Steem's 235,054,917. This means that there are more than 14x more Steem tokens available than Bitcoin. With this in mind, if Steem was to currently valued at $180.49/token, it would have the same value as Bitcoin.
Here's the thing: it doesn't have to.
There are massive differences between the two. Bitcoin is proof of work based meaning that computers have to solve increasingly complex calculations to 'mine' bitcoins.
Steemit uses delegated proof of stake. We 'forge' new Steem by more or less just by saying so.
I agree that we'll never hit the highs of bitcoin. Mainly because it seems it was never intended to by design.
Bitcoin is deflationary (finite number of bitcoin)
Steem is inflationary (no limit to coins)
The Steemit platform holds the real value. It's possible for it to stand on its own without the crypto market (albeit in a less profitable way for the users.)
NEVER say NEVER........Positive Attitude Please.