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RE: Steemit's new economic paradigm, or: Why Steemit might just work
What do you think are we on Bull trap stadion on the dotcom bubble chart atm?
Everyting changes and the whole world gets a lot faster perhaps these cycles too?
But I guess the social media factor is a game changer.
Thank you for joining us on Facebook :-)
It's very hard for me to say. My guess is that we're still in the early stages of the bubble. Right now, I believe people are still joining the site quite rapidly, so there's not much of a reason to think that the price is going to crash. The counterpoint is that, the price did go up more than 1000%, so that indicates a lot of volatility. Basically, I don't know.
Yes, I'd say that these are periods of rapid change... they're kind of like puberty for an economy. A few centuries ago, and even a few decades ago, these periods weren't common at all, and so, for people who aren't interested in high technology or futurism, they can appear very unusual, and even dangerous. But it does appear that these events are going to become more common moving forward.
Glad to be a part of the Facebook group.
I feel the same way, this is the start of the real bubble since it only has gone viral to crypto users and bloggers. If Steemit adds more features and its user base continues to grow we may hit the paradigm shift peak in the upcoming months.