RE: My Crypto Portfolio Is About 90% Steem - Dangerous Or Is Steem That Good Of An Investment?
I agree 100%. I don't exactly have the major cash to make a killing but have completely switched over to blogging exclusively on steemit. My intention is to build a good profile and build from within the platform. I agree investing in this platform is risky, but potentially lucrative.
I see steemit as having the potential to take over both youtube and facebook for sure. Once you get facebook then instagram goes down....
I have been on here for a year now and totally get it. BUT.... I am concerned a bit about steemit reaching critical mass to explode just like you say. I have been looking into some of the stats and it appears the user- base isn't as strong as I would like (LOTS of accounts but a smaller percentage of regular users) in addition to removing barriers of entry to the platform.
I do not find blockchain to be intuitively friendly to the common user, which is what we need to bring more of into the platform to reach critical mass. I will stick with it though. The most dramatic growth I see happening on steemit this year is a TON of youtubers coming over to D-Tube their material. I do believe that will be an opportunity for critical mass conversions.
Thanks a bunch for the past. Love your stuff and have a great day.
Yeah, a surplus of regular users is very important and I think it is fair to say that many come specifically to try and make a killing and then give up soon after if they don't. In that sense, it is a lot like YouTube; content creators, a lot of the time, will start making videos there and when they don't immediately get a bunch of subscribers, they abandon ship. DTube is wondeful as well too and one of the main values (as well as DLive), since it is a less saturated alternative to YouTube, which is transparent as well. This gives a huge opportunity for it to take some YouTube market share, assuming they can ensure a quality User Experience and seamless technical functionality. :)
You also make a great point with people's fear/confusion surrounding getting paid in crypto. Many are extremely intimidated at the thought of having to convert it to bitcoin/some other major exchange coin and then to cash. The closer we can get to seamless conversion between Steem and USD, the easier it will be for people and the less intimidating it will be. Education is also a great tool that can be used, because if we can spread awareness and enthusiasm, less people will feel uninformed and confused.
Thanks for your support and I hope that we both have great success on here! :)