The last couple of weeks we have been tracking growing traffic from Asia and now it is exploding.
By country South Korea has swapped places with Great Britain.
South Korea is now in 2nd, with India 6th and Indonesia 8th.
Looking at the historical starts we can see just how viral this Asian growth is.
These are not just drive by bounces but actual returning user statistics.
Much of the Eastern Asia viral traffic is dominated by South Korea but China and Japan are making a healthy contribution.
Traffic growth from the rest of the world is suitably impressive.
The US and Canada are showing signs of being the next to go viral.
Overall we are seeing indications that we will be testing record levels again very soon.
Also that very strong correlation between price and returning user activity being clearly displayed in the graph above.
The most dramatic (positive) change in our global economy is about to occur between 2016 and 2020.
Three to 5 billion new consumers, who have never purchased anything, never uploaded anything and never invented and sold anything, are about to come online and provide a mega-surge to the global economy.
While most of these individuals are in Africa, India, China and the developing world, and their income is low, when aggregated, this represents tens of trillions of new dollars flowing into the global economy and no one is talking about it.
Intriguing perspective.
Its the crypto token economy that will have the deepest most positive impact on mankind since the industrial revolution. Within 10 years tokens will be everywhere and across the world. I wrote a blog back in September last year about how following a crypto ETF will outperform BTC returns over time. I was bullish on BTC then (still am) but saw how crypto tokens will have exponential growth in the coming years. Here it is https://steemit.com/money/@hedge-x/why-following-a-crypto-index-will-make-you-bank-over-the-next-few-years-steem-happens-to-be-top-holding
Nonsense. You forget the internet besides that we could already transfer money instantly around the world for supercheap. Blockchain as a whole is great but not bigger than let's say 3d printing.
I like your way of thinkin Carmine!
I'm 100% in your camp. Phenomenal things are about to take place.
thats true.
I would imagine we will see Japan jump up this chart as well. With the new virtual currency exchanges being put in over there, the consumption tax on virtual currency trading going away, and just cryptocurrencies being introduced over there for the first time will likely bring in a wave of new investors. I would imagine a lot of them will take a look at steem (and steemit) as well since it is in top 10 cryptocurrencies by market cap out there.
Yup, being in the top ten makes us a lot more vissible
It is actually number 5 right now... Perhaps I should have stated "A top 5 cryptocurrency" ;)
where are you looking?
I was looking at poloniex, but after I typed that I went back and checked another site... which shows more accurately that Steem is currently number 10 in market cap. Disregard the previous comment :)
I am from aceh can only comment this!!!
Amen
Amen ,,,,,,,
Amazing, Indonesia is ranked 8th in steemit. The users of Indonesian state steemit generally is Aceh community, originated from sharing from main friends to other friends, not to mention in aceh many coffee shops and there too much they share and sharing about steemit. I love you steemit, regards steemit Aceh.
Ache is proof of word of mouth
Its great to India in the top 10 list on the chart! There's a lot more to come from India on Steemit. This is just the start. :) We are yet to see BTC/Crypto legalisation and overall crypto boom in my country.
Amen to that, and have STEEM sneak in the back door in the process, where everybody is not already heavily biased towards bitcoin.
I'm from India and it is pleasing to see steemit's growth in Asia! :)
It is for sure
It is gonna go viral world wide real soon. At least on my part driving uber in South Florida . As I see people from all parts of the world and they are joining and joining fast . Steem On!!!
LOL!
For some reason I am giggling uncontrollably... These are all very very good signs! Thanks for sharing, namaste :)
Great analysis!
INDIAN here.
Just joined this week! :D
Namaste, and we shall come with you to the MOON!
Just curious to know how did you hear about Steemit?
It's a simple story. I just found while searching something else. And I found Steem repeatedly.
I also posted it here: https://steemit.com/steemit/@sidwrites/before-joining-steem-here-s-what-my-picky-brain-made-me-do
In 2013, I joined the crypto scene. But India lacked the right support and the government hasn't legalized it yet. Add to that, MT GOX crashed back then...
So it was disappointing to see that happen. Left the scene. And now I am back. :)
I have also told my friends to invest in crypto. Only one listened. Rest are scared - blame the media for they paint a dirty picture about cryptos volatile nature. :)
Welcome! You should join the India channel on Steemit.Chat
Wow! Didn't knew we had one.
THANK YOU SO MUCH!
JOINED! :)
Here in Germany we tend to say the people in Asia are years ahead in terms of technology. This proves it again.
They use tomorrow's invention today!
Yes, I think they have their eyes out for opportunity in ways that many westerners have forgotten are possible.
In the developing world we have a phenomenon called technology leap frogging, and it leads to faster adoption of the latest technologies because you don't have entrenched incumbents.