Hi @thecrytotrader,

When I look at the charts of altcoins like steem, I have to notice that they are strongly correlated to the price of Bitcoin. At the moment we are assisting a long downwards trend in bitcoin prices that started in November 2017.

I believe however that we have reached or we will soon reach a floor where the trend could change. When this happens bitcoin and stable altcoin will increase in price.

Steem is different than most altcoins

If you look at all the altcoins and tokens available and how many new ones come to live it is quite difficult to get an overview and to define which coins are trustworthy. What is different with steem is that it is not only a currency. It is also a whole ecosystem of websites and a well working blockchain that is used by tons of apps.

In addition to that in the soon future, the steem blockchain will be adapted to host SMT. Which other blockchain can offer free transactions, a new block every 3 seconds (maybe except EOS which is built by the same guys that built STEEM)?

The technical aspects speak for STEEM

However one should never forget that STEEM is built on a strong inflation rate of I believe around 9% before this drops little by little.

Steem will probably keep its value or increase slightly

So when I take into account all the points above, I believe that in 2 to 3 years steem will be worth around the same amount that it is now. The effect of SMT and the trend change will be compensated with the inflation rate. So it will probably not increase in price very much but it will at least keep its value.

What we should do is to develop our steem power and profit from the things to come

Sorry my comment got a bit long ;-)

Best regards,

Achim