RE: U-tubers, facebookers heading for Steemit?
Hi, in my opinion Steemit will grow no matter what the whole cryptocurrency market will do. We have a innovative way to reward good content and the platform is growing exponentially. The potential is outstanding if you just look at D-tube and compare its market shares to youtube. We see a lot of YouTubers leaving Youtube for D-tube and it is just a matter of time everyone is talking about Steem. Now to the correlation. The more Steemians the more Steempower will be demanded.(The more steempower the more percentage of participation) This will increase the price of Steem due to mechanisms of price formation. So i guess you have a positive correlation between Steem demand and Steempower demand. In this case there should be a positive correlation between -Number of Steemit Users- and an increasing Price.
Thanks, I have noticed that Steem is doing well compared to BTC. I am a real believer in the whole Steemit concept, but one who on occasion needs a reality check. I tend to revert to the numbers for that. I am really happy with the numbers so far.