How will we feel when the Steem price reaches $10 in 10 months? This price is possible for our community because of these 10 factors!
10. Google organic search traffic. For getting found online, being at the top of Google and YouTube when a user searches is the ideal solution for nearly everyone from local businesses to blogging to art and anything else imaginable. Steemit.com has a perfect formula for building a high ranking website because the financial benefits of making high quality original articles in exchange for money. When we put blog posts with the same information our website, we have to hustle for money with ads, products and services. With our generosity in voting posts up as we have shown on my first intro post at https://steemit.com/introduceyourself/@jerrybanfield/our-steem-journey I have already altered my business model online to do away with making books and instead share everything straight on Steemit for the Google search traffic alone. Influential Steem users already seem to be prioritizing sharing here which will continue to attract more people to do the same. A rising tide lifts all boats which is likely to soon place steemit.com in the top 1000 websites just from Google search traffic. The higher the page rank of the entire website, the easier it becomes for every post to take first place like Wikipedia! It looks like to me we are about to hit a power curve up with the recent excitement in cryptocurrencies according to the data from alexa.com.
9. Lower inflation rate with attract more buying and holding on exchanges. With the previous 100% yearly creation of Steem, many cryptocurrency investors were probably avoiding buying and holding any Steem because of the virtually guaranteed loss while others like me sold all my Steem after it kept going down and down without even knowing why it was going down. Many who once were interested and sold may not realize that the inflation rate is so much less now until the price starts going up on the exchanges which might motivate more research. After hours of researching Steem, I did not realize the interest rate was down to 2% or so annually until I calculated it myself even though the change was months ago and I had been actively trading on Bittrex, Poloniex, and Bitfinex most of the time in between including buying in on Steem. At first I was horrified to see my Steem Power would earn 2% yearly instead of 1% daily until I realized this meant the price of the currency would keep going up. As the market continues to catch up to the change over time, Steem will be a very attractive currency to buy and hold on an exchange along with SBD. See the recent graph from coinmarketcap.com.
8. Powering down prevents impulsive sales and quick exits. One day in May I sold my entire Dash masternode worth $87,000 at the time which I had bought for $11,000 and today is worth $150,000. The data looked like the boom was done for Dash and I unloaded everything after months of everyone in my life suggesting I sell. With so much of Steem powered up, these quick exits will make for less sudden market plunges as cashing out is spread out gently in 13 payments now over 3 months meaning any whales that want out will of Steem Power will not just cash everything overnight. Minimizing huge drops helps to allow the price to climb over time in any bull or bear market.
7. Higher previous market value with no bubble wave fully impacting yet. The price was at $4 once why not $10? While most all of the top 100 cryptocurrencies have hit a massive price spike lately where the current market value is anywhere from double to 100+ times what it EVER was in the past, Steem actually had the highest market cap currently as of May 24, 2017 in July 2016. As investors see that the profit has mostly been made in other cryptos, Steem will become very attractive for a big pump and dump which might boost the price up to over $10 in just a matter of days. When I invested in my Dash masternode which made me $75,000 profit in 4 months on an $11,000 investment ($50,000 or so after the IRS gets the estimated tax payment), the Dash market had the same properties. A year or so in the past, the market had went higher than it was when I bought in. Among top cryptocurrencies, Steem is the only one I see which this property currently which is why I invested more than $20,000 within my first week of signing up. Others are certain to draw these same conclusions as they review the data and try to make money. See for comparison the Steem market cap history and today from coinmarketcap.com versus the total market capitalization. Steem is not likely to totally miss out on the global cryptocurrency market capitalization spike!
6. Attractive as an investment for influencers and new content creators in exchange for influence. Earlier this year I had a self-employed IRA account with Facebook, Google, and Walmart stock accounting for around $10,000 of my retirement savings. Along with this, I had $2,500 in a Vanguard solo 401k going to a fund that effectively held the entire market of stocks and bonds. What privileges did I get with that? An extra email maybe at most. My money was all but irrelevant to these massive companies worth billions of dollars. This same investment on Steem allows anyone currently to have one of the most influential votes on the website. On Facebook, I have been a user since 2005 and my like is still worth the same as a new user that signs up today. Steemit makes an insanely attractive investment opportunity for anyone looking to get started blogging and build an audience or influencers that already have an audience to bring them to the website to simplify the monetization process. As an author, why even bother publishing books anymore when I can just have me readers come here and read everything 100% free and then THEY get paid for making great comments! Established authors and bloggers will be tempted to try for the huge rewards per post as soon as they find out about our community. Immediately when they put the word out to their audiences their readers will start pouring in from other social media accounts and become our readers too. Meanwhile investors with no audience will see the opportunity to just pay to start one and make an investment that is much more fun than the current and exceptionally boring world of most investing. Stay at home moms and dads are likely to start even changing their retirement savings and ad spend from other websites into a Steem investment as a new blogging platform especially because ...
5. I am going to promote this like crazy! Most of how I ended up here falls into everything into this list and I am already starting to tell all my closest friends and family about this now. My wife was surprised at how huge the earnings were on my introductory post and I asked if she would start her own blog her. She said she would think about it. My friend Jordan is big into online marketing and making money online with AdSense, video courses, Facebook ads and ActiveCampaign. After a 30 minute sales pitch on a call with him today, the smile started exploding on his face as he calculated that the top 500 accounts on Steemit were likely to earn "real money" and the ability to get an account at that level of influence is currently wide open. After I allow a few more weeks to see if I can buy more Steem at the lowest cost and allow those taking my #1 Cryptocurrency Investment Opportunity May 21, 2017 video course time to make their investments, I am going to share Steemit everywhere for our mutual benefit. I am hoping through my efforts alone to bring 100,000+ new users to Steemit over the next 10 months because our community here is the nicest I have seen so far online based on the comments on my introduceyourself post and because I want this to be the investment of a lifetime for me as well. When Facebook was new, I had no money or opportunity to invest. Same for everything else up until Dash first and now Steem. Steem is my retirement plan and I hope an opportunity for me to help tens of thousands of us earn more money by being active in new stories and comments on Steemit.com. I have YouTube ads, Google display network ads, and Facebook ads already planned for Steem plus using email marketing from all the students on my video courses to make https://steemit.com/@jerrybanfield the exclusive place I respond to comments online. I am all in on Steem and I hope to make my contribution to the price of our cryptocurrency enough that it will be over $10 in 10 months!
4. Word of mouth marketing power to bring friends in to upvote and earn together. How did I first join Facebook? I was hoping to find a few girls I knew from high school which I did but then they unfriended me not long after ... 12 years later why am I still using Facebook for the majority of my business communications? Now everyone else is on Facebook instead of it being just me and a few friends from college. The more users sign up for Steemit, the more viral growth we will continue to get because of the HUGE incentive to bring friends and family to help upvote posts. The more users refer friends, the more we will keep pulling in whales, dolphins, and users active every 12 hours that do exceptional work curating the best content.
3. Higher earnings from the recent price growth provides strong motivation for the entire make money online crowd to test blogging on Steemit. When prices were much lower, seeing people make a few cents or maybe $100 at the top for trending posts was unlikely to attract serious commitment from people interested in finding a way to earn money working from home online which is likely an audience of hundreds of millions of people today. With trending posts today almost all making $100+ with the top posts making $500 to $1,000+, we are very likely to be signing up new users now that will be pouring their best time and creative energy into producing amazing posts for Steemit. It seems from Google search results that this was the case 9 to 10 months ago when the Steem price was high and according to the thousand or so users a day signing up now plus my own behavior, we are likely beginning what will be the most epic boom Steem has seen to date. Here is a screenshot of the trending posts on Steemit.com today for reference!
2. Celebrities will be attracted to show off and monetize their following which will bring in waves of user signups. How would you feel if your favorite celebrity joined Steemit today? Wouldn't you instantly follow them and start upvoting their posts? Even just a small number of actors, singers, writers, musicians, politicians, and artists getting started with Steemit.com would generate a lot of press and might pull in hundreds of thousands of sign ups in a week or two combined likely with a huge bubble in the price of Steem. Our excitement is contagious and just through our continued efforts we will begin bringing in people that we have been following for years and finally get a chance to get recognized by them using the amazing upvoting comment system here. While Tim Ferris never has responded to any of my previous comments online, if he signed up here, maybe I would have a shot at getting an upvote.
1. We will earn it by continuing to make this an amazing website to use, being active daily, upvoting what we like, and building deeper relationships with each other! The last nine reasons I listed are all reasons I think that what we contribute here will continue to snowball into becoming one of the world's top 100 websites with users finally getting paid for doing the valuable creative work which is currently done on Facebook and Reddit for free. Still, all of this depends on us making a website that wows people on the first visit. Everything written here is built on the assumption we will work well together to vote the best posts to the top and ensure creators giving the most get paid the most while the most valuable contributions to the conversation are rewarded with the most SBD and SP. Each decision we make here matters as with voting up posts that are really helpful or entertaining potentially bringing a smile to a new user's face and a commitment to invest in Steem for the long term. Ultimately if we want the price to go up, we need long term investments and those come from providing ongoing value. In the middle of a world of opportunity where I am grateful we have given me the ability to do nearly anything online, I am choosing to make Steem the foundation of my business online and my passion. Our love and support over my first intro post was so amazing I spend 2 hours of my most valuable creative time today writing this which I hope is helpful for us today through inspiring us to make our best effort on Steemit.
Thank you very much for reading this today! If you found this post helpful, would you please vote it up and/or share your feedback below?
Love,
Jerry