Steemians: Do You Understand What It Means To Be An Early Adopter??? Do You Realize How Early It is???

I have a reputation for being a STEEM cheerleader.

If that means being able to see an incredible opportunity, then hand me the pom poms.

Anyone who reads my posts knows that I research the hell out of the blockchain to try to stay up with what is happening. The development that is taking place is amazing. This makes STEEM, for many, the opportunity of a lifetime.

Notice how I did not say STEEM was perfect or without its flaws. There are challenges with anything in life. The only investment/business opportunities that are perfect and without flaws are offered by guys like Bernie Maddoff. 8% a year, guaranteed....for decades...consistently...what could go wrong?

@preparedwombat brought up a point in the comment section of one of my other posts. He looked up the numbers which are totally mind-blowing. Anyone who complains about not being able to garner success on STEEM is missing the bigger picture.

The bottom line is we are early adopters here. There are less than 1M accounts on the STEEM blockchain. That is nothing when you look at the social media sites and how many people they have on them. There are roughly 50K-60K active here each day (at least transacting). Again, nothing. Yet many feel it is too late; all the money in STEEM was made.

Are you kidding me?

Society likes to talk about the 1% and how fortunate they are. Well, if STEEM takes off, most on here are going to be in very elite company.

According to @preparedwombat's numbers, the amount of STEEM at each level is as follows....

Top 1%: 502 SP
Top 5%: 40 SP
Top 10%: 12 SP

I was floored when I saw that.

That should put it in perspective for everyone. 12 SP means you have more than 90% of all the accounts on the STEEM blockchain. Now I acknowledge that is not a ton at the moment. But what if STEEM hits $100? That is $1,200 which, depending upon where one lives and the circumstances, that is a nice chunk of change.

Also, if one works at it, over a couple months, even without support, one can go from 12 SP to 40 SP. That puts one ahead of 95% of all accounts holding SP.

This really shows how much of an early adopter everyone is. I often state that if this is a baseball game, we are still singing the National Anthem. The game has not even started.

Here is another interesting fact....

The higher the price of STEEM goes, the harder it is for people to buy in at the higher levels.

STEEM at a dollar means one can basically hit Dolphin with $5K; Minnow with $500. When STEEM is at $5, those numbers jump to $25K and $2,500. To add one more, round the all time high to $10 and watch the numbers go to $50K and $5K.

This is a point I think everyone seriously needs to ponder. As the price of STEEM heads higher, the likelihood of people buying in at certain levels decreases. I would say that $5 STEEM means few will even eclipse 1K SP via purchase. There might be some who buy more than $5K worth of STEEM as an investment, but they are not doing it from a social media standpoint. Hence, the STEEM will never be powered up.

Since we are talking dollars, I will use a stock as a comparison.

Amazon was founded in 1994. In June 1998, the stock was around $1.50 (that is the furthest back my chart went). How would you have liked to been one of the top 10% of shareholders at that time? Imagine what your portfolio would look like.

Since I don't have the numbers as what qualified at that time, I will just use the comparable dollar amount. At $3.68 STEEM, 12 SP is $44.16. At the $1.50 price for Amazon stock, that is 29.44 shares. As of the close on Friday, that is worth over $46,500. Not a bad return on $45, is it?

I am going to go out on a limb here and say that it took more than 29.44 shares of Amazon stock in 1998 to be in the top 10%. So you can just imagine how much money that is today.

Obviously, this is a bit of apples to oranges in the comparison. My point is there is real value in being an early adopter. People with a few hundred SP will be sitting on a good sized pile of money in a couple years. I can assure you, at $100 STEEM, few people are going to be passing someone with 200 SP via purchase.

So here is how I see the situation....

You can either believe the naysayers who like to point out all that is wrong with the STEEM blockchain which they use to validate why they can't succeed here. At the same time, you can believe that I am a nothing but a moronic cheerleader and a blow hole who has no idea what I am talking about. This will justify not doing anything worthwhile to add to your account, which is fine since there is no money to be made here.

Or you can ask yourself, what if he is right? Isn't it worth doing whatever you have to, putting in the effort that is required, to get your account to 200 SP-500SP (or more). No, it most likely will not be easy. It takes effort and consistency.

However, if I am correct and STEEM goes on a run over the next 18 months like Ethereum did last year, you could see the amount of SP I just mentioned worth hundreds of thousands of dollars.

Sound far-fetched? There are enough people on here who delved into SMTs in great detail. The conclusion is near unanimous...SMTs will be a complete game-changer for this blockchain.

And trust me on this one, when you compare SMTs to ERC20, it is no contest. SMTs are offering a great deal more than ERC20 to anyone looking to create a token that is tied to any type of content.

Don't believe that one either?

Does the ERC20 protocol offer a built-in wallet system with account retrieval? Does it offer automatic liquidity for each token created? Does it offer instant listing on a decentralized (or centralized for that matter) exchange? Is there a built-in content/reward system? Do the tokens created using that protocol enjoy no direct transaction costs? How about 3 second transaction time? How about a blockchain operating at about .1% of its total network capacity?

I do not believe it does.

Yet somehow, ETH opened 2017 at $8 and peaked at $1389 a little over a year later. A similar move in STEEM would put the token at almost $639. How do those 200 SP look under that scenario?

Is any of this guaranteed? Of course not. However, in my view, what I am spelling out has a great likelihood of happening. We know that STEEM is one of the best blockchains right now in terms of technical performance. It is also one that is providing real world solutions instead of a lot of just forecasts and plans. Each day we see more development taking place, adding to the 350 applications that @ned mentioned are already on this blockchain.

How would you like to be in the top 10% of SP hodlers when STEEM has the market value of a Reddit?

The higher the price of STEEM goes, the less likely it is people surpass you via purchase. That means, as long as one is consistent and putting in the effort, one will retain his or her position.

That is the advantage to being an early adopter. At some point, it is going to be very difficult to get to the level you are at now no matter what your present SP is.

Now that I think about it, we might not even have started singing the National Anthem yet.

If you found this article informative, please give it an upvote and resteem.

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