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RE: Experimental Crowdsourced Steem Metrics Report for 18th November 2016
According to baby daddy @d3nv3r, Steem and steemit have done something other crypto couldn't.... It has brought "normal" people like me into the crypto world... Steem's value will go up the more mainstream users it can steal from reddit and facebook. With enough users STEEM could out value Bitcoin!
Powering you up.
Imagine 10% of facebook users moving to steemit... The number of Steem users would outnumber bitcoin users... Bitcoin's value would go down as more people moved over to the more "valuable coin". There are many coins that have more use than bitcoin. Bitcoin's main advantage is its the most well known, making it a gateway for other coins. Steem has the potential to be more heavily used than bitcoin by far. Steem needs fait gateways that remove the need for bitcoin all together
This is a common trap for startup founders, btw! TAM or total addressable market should not really be used for estimations of possible active user base. I found an useful article about that http://www.christopherspenn.com/2016/11/3-markets-you-need-to-know/
Lol I said Imagine.... But it's nice to dream isn't it.
Steem will never reach $700 and I'm not trying to hype that, but someday people will realize there are other coins that are just plain better built and more useful than bitcoin. Bitcoin will be sold off and its value will finally correct.
Sure it is :) Seemed like a nice opportunity to share something I consider important.