That was my point, Steemit arrived in April and people joined. Money built up till the July 04 payout. That messsed up the valuation prediction. Then the clickbaiters and RoBOTS arrived and we had the BOT wars, which have been largely won. But that skewed the price of Steem.

The really crazy thing is human nature, if you surfed now defunct ebay or yahoo you never cared the share price, but simply because people are gifted shares in Steemit they care that the valuation is falling.

This is the same as me saying tomorrow Amazon stock is worth 28,000 $US so when the price point moves toward its realistic marketplace set point everyone can scream and panic that the price of amazon shares are falling. No fool had any business overpricing Steem like that, but really how else to do it ?

If you started the pricing at one cent some millionaire would have just purchased the entire quantity of Steem. But social media has a huge future, even MYSPACE is still around like Yahoo and Ebay; but how many people actually care what they are doing?

But they are still here like Twitter ! ! !

If twitter can make money on such a stupid concept; then that must make Steemit a NO-FAIL gold mine ! ! !

We will see what human nature does about using Steemit long term, in the mean time if people do not like Steemit; let them go earn cigarette MONEY on FaceBook or Pinterest : )

You can lead a horse to water, but even if you kick it you cannot make it drink ;)

Some people are fools and that is why we have politicians, but that is for another post ! ! !