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RE: What are the odds of steem ever getting to $5000?
You can only power down 1/13th of all your Steem power per week. It would take about 2 years before you can cash out everything.
This is incorrect. It takes 13 weeks to power down all your steempower.
For the passive investor, Steempower can be a nice addition to a portfolio. Invested wisely you can look at about 15-20% return on STEEM yearly.
For the active trader, staking is, of course, a no go, whichever coin it would be.
I consider $5k STEEM highly unlikely. $5 is realistic. We have been there before, so we know it's possible.
Can you see STEEM at $5 in the coming months?
Yes you are right, i already edited the post but you was probably still reading the old version. I was confused by some old articles. Thought it was 1/13th and they recalculated it every week.
That's a lot better than 2 years but it's still long. Declines usually don't last long but they go fast and aggressive. Bull markets are usually slower but they take longer. 80% of the time we go up, 20% of the time we go down.