Steem Growth Going Exponential As We Approach 1 Million Users. A Macro Investors Overview.

in #steem6 years ago

Here's an overview of Steem macro growth I am noticing. This is pure fundamental growth.

Steem has over 3/4 million users fast approaching 1 million.

The amount of registered users has doubled in the past couple months alone. More importantly, more users came in during the "Crypto Crash" over the last few months when everything else was going down

Nearly all blockchain projects are pure speculation at this stage. They have no transactions or users excluding. Steem, ETH, BTC, LTC and a few others.
Steem is the most transacted blockchain in world averaging 1.6 million transactions per day.

Youtube is demonetizing users and some big Youtubers and they are bringing following to Dtube (app built on Steem) Its a decentralized Youtube.

Dutube is the leading Steem app at the moment, second only to Steemit.com
SMT's starting to launch. Like Appics, Vice, Bob's Repair.

SMT's are Smart Media Tokens. It allow other Steem economies and eco-systems to form with their own rules of engagement. Maybe I better Steemit? We'll see.

Any successful SMT will put massive demand for Steem tokens. If you are holding Steem tokens you will have stake in entire Steem eco-system. SMT's very similar to ETH's ERC-20 standard. SMT is like a plugin developers can use on other websites and blogs to monetize their eco-systems. I call it the SMT Social Media Standard. Thanks to Steem's fast, free transactions and specialization in Blockchain Social Media. Steem is set to dominate Social Media.

Here's some impressive charts for trend watchers.

Longterm
Screen Shot 2018-02-15 at 7.05.31 PM.png

Short term. Steem searches near ATH, even though price is still down.
Screen Shot 2018-02-15 at 7.07.15 PM.png

Website rankings continues to gain. S-Cure formation (this is what you wanna see)
Screen Shot 2018-02-15 at 7.08.10 PM.png

Steem most transacted blockchain in world. New monthly records in volume.
Screen Shot 2018-02-15 at 7.12.28 PM.png

Steem token just recently got added to major exchange Binance but Steem is heavily traded in Korean exchange Upbit.

For small to medium size content producers Steem is by far the best platform for monetization. Unless your a major TV Network, you'll probably make more on Steem than Youtube.

Many medium size Youtubers (around 1-2 million followers) only making $500 to $1000 per month after demonetization.

I noticed huge organic growth around Steemfeast in Nov. When Steem upgrading UI. The only thing Steem has been lacking is better user Interface and main stream awareness. With new upgrades scheduled this year and Dtube now being more user friendly, masses seem to be flowing in.

A few big Youtubers coming into Dtube can bring millions of new users in. The more price of Steem goes up the more users wanna come in. Its can be an endless cycle of adoption once updates keep rolling out.

Things are still a little raw on Steem but we are getting their. Coming out of Beta this year is also another goal for Steemit.

Also, the last I checked Steem had around 80,000 daily users. I remember not that long ago when we were at 5,000. That's a huge increase.

That's about a 1600% growth rate in the last year. If we continue same growth curve, that would put us near 12 million active daily users in one year.

We go and study Facebook's growth curve it will look something like this. Starts off very slow. When it was Harvard Connection it had just a few 100 people to a 1 year later having 100s of thousands, to 2 billion today after 14 years.

Exponential growth curves look like this on paper. Start off very slow. Sometimes years of development and organic adoption then lift off exponential. In Venture Capital terms they like to call it the S-Curve b/c it looks just like an S on a longterm scale. A flat base rising into a vertical then maturing into another flat base on top. All new tech has went through it.

Screen Shot 2018-02-15 at 7.41.44 PM.png

Screen Shot 2018-02-15 at 7.44.26 PM.png

As time moves along and the Steem Network adoption and price increases. It will be harder and harder to acquire large amounts of Steem. Just like in Bitcoin's early days you could have mined them on your desktop in the 100's per day. As the network and user base grew so the difficultly to get Bitcoin. ETH has followed the same path and so is Steem.

Although Steem does mine coins it used a term called Proof of Brian. You'll need to blog, curate original content to earn its currency. Over time the dollar amount of Steem may go higher but the difficultly is also going higher to accumulate Steem. Just a year ago Steemians could earn 100 Steem tokens for one article when the price was .15 cents and few believed in it. If network adoption continues its just going to get harder. This year is harder than last and next year will be harder to earn same quantity of Steem than before.

While I am not here giving financial advice. In my opinion, now is a terrible time to be powering down selling your Steem cheap. If you can hold out longer term as platform starts to mature you could be greatly rewarded, just like those early days of Bitcoin.

Good luck and happy blogging and curating! The Steem world is getting very interesting.

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Great summary and I am pumped!

This is a great motivational post. Sometimes in the day to day on steemit we do not see the big picture. The big picture is amazing and very exciting. Thanks for the motivation;)

Yes, many people have a hard time seeing the adoption with any new tech b/c it moves slow and steady, then exponential. In my opinion, Steem and Cryptocurrencies are in an exponential S-Curve formation. The Hype Growth Stage. This was Facebook in years 2006 to its IPO in 2012. Before Blockchain, early Venture and Institutional Investors usually dump the shares on the public with IPO on the Nasdaq. This time around due to Blockchain's P2P nature its the other way around. Institutions are still trying to get in. Steem tokens a long with other cryptos will be so precious in the years to come. #HODL

I like the page view stats better. I think we're at about a million page views a day now.

This great. All data pointing to exponential growth.

Hopefully we can have the bandwidth for the new users. I still get shut out during the day and I have 3 times the bandwidth of a newbie.

Yes the bandwidth issue needs to be fixed. I have never had the problem but I always held a lot of Steem. For new users its a turn off if they get the band width error message. The more daily transactions and users the worse that will get but they plan to fix it in HF #20.

It REALLY sucks. lol 9 am to about 4pm EST every day. Do you know when HF 20 may roll out?

Soon I hear but you know how soon is in development world.

i want to buy steem but i keep thinking the price might drop to $2. maybe its more risky not buying at this point.

Like hedge says you could buy a small position at say $4 and buy more if the price goes lower. I wish it was easy to buy cryptos because steem would be very tempting to trade.

I like to buy and add more if prices go down.

You're giving good information sharing with us
Thank you @hedge-x for this post,,,

This is a really good analysis! Steem is definitely the one blockchain that has demonstrated its potential through its widely used dapps! The existing and growing user base is a testament that steem is here to stay!

I think so too. All it will take is a few dapps or SMT's to take off to push the Steem price to $50 or more.

Thanks for encouraging stats for steem. These are exciting times on Steemit, and with user activity growing it is only going to get more exciting! SMT's will benefit greatly off of the wide...and ever increasing Steemit user base. Think about new SMT's being airdropped...and gifted to existing participants. I think there's a lot of royalties in store for those who HODL Steem. Only problem we have is that we don't have instant sign up process like facebook🙂

Only problem we have is that we don't have instant sign up process like facebook

@leoumesh absolutely. HF #20 when it releases will fix that. SMT's airdropping will be great too. Vice is first one then Appics. Any day now.

Oh yes. I am happy for that. Hardfork 20 can gain and support userbase on steem trading platform. I believe SMT and HF 20 will be a strong hand helping Steem price to rise in coming days😀

This would also help new users who may have quality content be motivated to keep putting out more and even better as they see the potential of steemit. Overall producing good content across the network🙂

it a great news... thanks man for the information... 👍

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