STEEMIT is no ordinary Social Media site, it’s pure GOLD..!!

That moment when the light comes on..!!

STEEMIT is no ordinary Social Media site, it’s pure GOLD..!!

I have been posting on STEEMIT for over a month now, and sitting in the background watching the site blossom..!!

Having spent little over 4 weeks analysing it’s growth, I am convinced that only handful actually gets STEEMIT colossal potential, way beyond the expectation of even the bullish of STEEMIT users..!!

What would happen when all of a sudden the penny drops, the light comes on, and more people realise what STEEMIT actually is? 

I will explain a little in a minute...

In the meantime, I just wanted to share with you a selection of my recent Bullish comments for STEEMIT.....

"Why Dan and Ned are geniuses, and why people should take BLOCKCHAIN seriously..!!"

"Why BLOCKCHAIN is set to transform Global Social Media into a +$10 Trillion Power Industry..!!"

"Why STEEMIT has the potential to become a $500billion Social Media Powerhouse leaving Facebook in the dark..!!"

"The BEST of the BEST..!! STEEMIT really does have the potential to become a $500billion Social Media Powerhouse..!!

"A future without CENTRAL BANKING..!! Be careful what you wish for because sometimes DREAMS DO COME TRUE..!!

"Where we‘re going, we won’t need CENTRAL BANKING..!!"

"BLOCKCHAIN...is hurtling towards us on a Freight Train and most people have know idea it’s coming..!!"

...these are a selection, now back to the Light Bulb moment..!!

Most people think of STEEMIT as just another Social Media Site. I don’t. I see STEEMIT as a Concentrated “google/facebook/twitter/instagram/youtube........etc” Site of bespoke and tailored multiple websites and blogs, that pays people to think ..!!

Think of it like this. 

Currently there are approx 100k users on STEEMIT. Not a lot I know, but it has more than doubled in the last four weeks.

These are NOT “100,000 Facebook type user accounts”, these are 100,000 Blogging Websites..!!

With STEEMIT you no longer need a website..!!

Anyone who has a personal interest/acknowledge on a particular subject can effectively not only create their very own website within the STEEMIT community, but instead of actually paying to have this hosted, they are being PAID to post their content.

It’s actually borderline genius knowing that the content is then on the BLOCKCHAIN..!!

One of my posts earlier on in the week was titled...”Why STEEMIT has the potential to become a $500billion Social Media Powerhouse...!!”

Let me just share this with you..!!

Currently Facebook is worth approx $370 billion and has approx 1.4 billion users. This equates to approx $260 per user of valuation.

Facebook’s Market Cap of $370 billion is made up approx 2.8 billion shares. This leaves each share trading at it’s current price of approx $130 per share. In simple terms each Facebook user is worth TWO Facebook shares..!!

Facebook however, although it has little or no debt, also has little cash and as a result has an Enterprise Value of approximately equivalent to it’s Market Cap.

As discussed before in other posts we all know that the $USD Dollar is effectively a Debt Instrument and therefore in real terms has a negative value.

Therefore if you hold Facebook shares at $130 knowingly that this is equivalent to its Enterprise Value in essence you not only have no equity, you actually are carrying a liability around..!!

STEEMIT however is the the total polar opposite to the Facebook. 

Instead of owning shares you own a Crypto Currency that ultimately is measured against the performance of the $USD Dollar..!!

The $USD Dollar goes up, the STEEM Dollar goes down. The $USD Dollar goes down, the STEEM Dollar goes up..!! ...and that’s without adding any content to STEEMIT ..!!

Now add content to the ever growing STEEMIT content that is starting to gain mass and the potential results are actually mind blowing, because what effectively would happen as the $USD continues to loose its worth as DEBT grows, the illusion of the Facebook share price as it rises will give people the impression that Facebook is worth more, it isn’t, what is actually happening is the $USD is worth less and that is how STEEMIT’s growth could actually rise exponential to the drop in the value of the $USD.

This is why it's GENIUS..!!

To give you an idea of why I see STEEMIT has the potential of becoming a $500 billion Social Media Powerhouse just look at what happened to Bitcoin..!!

In 2010 Bitcoin was worth $0.10..!!

6 years later it is now approx $600.00..!!

Have a look in your STEEM wallet. If you have $0.10 now it could potentially be worth $600 in 6 years time. Look what would happen if you had this in your wallet.

$0.10 = $600

$0.20 = $1,200

$0.30 = $1,800

$0.40 = $2,400

$0.50 = $3,000

$0.60 = $3,600

$0.70 = $4,200

$0.80 = $4,800

$0.90 = $5,400

$1.00 = $6,000

$2.00 = $12,000

$3.00 = $18,000

$4.00 = $24,000

$5.00 = $30,000

$6.00 = $36,000

$7.00 = $42,000

$8.00 = $48,000

$9.00 = $54,000

$10.00 = $60,000

Now before people start rushing out and buying a new car, boat, or home, hold on for a minute this is only meant to give you a flavour of what could happen..!!

Now that you are sat back down you are probably thinking where does the $500 billion come into it.

STEEMIT has a current Market Cap of approx $90,000,000 and is currently trading at approx $0.60/STEEM.

Apply the growth shown above that has been witnessed by Bitcoin this will result in a STEEM DOLLAR price of approx in 6 years time of approx $3,600 and a Market Cap of approx $500,000,000,000..!!

To recap its not that STEEM has the potential to grow at an alarming rate, it’s because as STEEM gains value based on content, the $USD will loose its value based on the DEBT and unfunded future Liabilities..!!

The future is not tomorrow, the future was yesterday..!!

Thanks for reading and please feel free to share.

Stephen