So I have read and learned everything about steemit for the couple of week and I want to share what I have learned
Steemit have been programmed to increase its supply by 1000% every year, however as the SP(steem power) owner, you dont have to worry because 900% will goes to you, and the 100% will goes to the content poster, upvoter and others.
So let say you have 5 steem power right?
You can expect your steem power to increase 1% which is 0.05 by tomorrow,
so what this mean is, after 10 days, you should have 5.5 steem power
and by the end of the year you will have 45 steem power
so each steem coin is worth $4 right now, so let say you only have 5 steem power which only worth $20 right? in one year time, if the steem coin maintain its value of $4, you will have 45 steem power which worth $200
and how can the price maintain at $4 when the supply increase 1000% per year you ask?
Well, check this site
https://steemd.com/distribution
right now we only have 31,000 member, so if steemit to grow popularity and reach 300 million members, that is 10000x growth, which mean $4 per coin is extremely low expectation
so with that said even if you only have 5 steem power now, if steemit can grow 10000x, your $20 will become $200,000
so if it take 4 or 5 years to reach 300 million user, its fine, you can owned $200,000 in 4 or 5 years, its worth the wait