Steemit certainly is not for everybody. It is a new way to do things and incentives are springing into new equilibrium, that were not here before. I am happy I got on board fairly early on (around the top of the first bubble, and am able to create something that has the potential of becoming a livelihood. This is a groundbreaking opportunity and it helps to have an entrepreneurian attitude towards developing your product.
A mental picture i often use is .. think of going back to 2010 and buy 1000 BTC at 1 dollar a coin. If you have that amount in Steem and figure the same potential development as with BTC, you are a rich man baby :-)