It already should have gone way past 2500 euro. But there have been some bumps on the road. That lead to panic sells, spiral downwards, on the bright side, it bought BTC cheap. So, heads up Steem owners.
Every halfing Bitcoin could double in price. But that is very simple reasoning. Still, I do consider it not really a holder for micro transactions. Maybe to get blocks filled as much as possible, but it should cost way more if done so.
Due to the ten minute block times and the block size of 1 megabyte max Bitcoin is best for moving huge amounts of value. Other digital valuta are much better at doing small value transactions. And at high speed, lightspeed when a Steem transaction is compaired to a Bitcoin one.
Where Steem transactions can be free of costs, Bitcoin might need to raise the costs of transactions. Maybe even move to a percentage of the transaction when the next halving comes.
But as far as I can see the price of Bitcoin is still way to low. And it could pass the 1000 euro magical border before the end of 2016. Although that is still about 1500 behind where it could have been, in my opinion...
And Steem? Well, there has been a bit of stir recently about some suggestions made by SteemIt incorporated. Did not have time to dig into that enough, but somehow it makes sense to me to find ways to monetize the attention economy. Steem is way more then just market price gambling. Sorry, I mean speculation... :-p
To keep value in Steem it needs to be the fuel of a circular economy. That is very different from the way Bitcoin works. And it almost seems weird to me to do micro transactions using BTC. Like going on a toll highway on a bike.
Micro transactions, that shouts Steem! Send a message to someone, only costs you 0.001 Steem to send it to an account wallet.
And I do not expect a huge market price for Steem. Not like Bitcoin, that would just put a brake on the real future for Steem. And that lies in a circular economy, driven by attention.
Think of Steem as the ink in inkjet printers. The fuel in cars, and so on. Keep an open mind to suggestions that are able for Steem to become fuel of it's own circular economy.
Just creating new Steem will have it's limits. It will need new accounts too, to keep balance on the long run. So, in my opinion it is a good thing to have a fruitfull exchange of ideas on how Steem can be that fuel in it's own circular economy.
My guess is that Steem could go somewhere to a value of 1 euro. Maybe you do dislike that. But I think that Bitcoin is better for storing high values.
Steem has the potential to be something unique. A new kind of digital economy, fueling itself, driven by attention.
So, if you want to speculate big time, go for Bitcoin. If you want to be part of an evolution that is happening right now then go Steem!
Please note: speculation has a gamble element to it. There is never a guarantee. Where some win, others lose.
So, a word to the wise: Only put in what you are willing and able to lose.
Personally for me, Bitcoin is long term more static, Steem dynamic current.
Have a nice one
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