The state of steemit for the year.
I haven't done one of these for quite a while but the stats are just awesome and breaking new boundaries.
Also some user have been suspecting things must be looking good and have been requesting an update.
A couple of weeks back we had a post that went viral and is likely or first to break a million views. It's just a pity that it didn't earn very much, even though it was fake news.
https://steemit.com/food/@jomano1975/they-open-the-first-restaurant-of-human-meat-in-the-world
all the drive-by eyeballs that came to read it are represented by the large spike in the blue line circled below.
If we then proceed to the returning users baseline we can see that once again a rise in the steem price and the SBD 10x is fueling another big wave of user activity.
We started the year with a baseline of under 10 000 per day. We took a march up earlier in the year when the STEEM price rose to $2.50 to hover at 10 times that number for a couple of months. Now we look to be ending the year well over 200 000, which is more than double the mid year peak.
As usual its the America's dueling Asia for top spot with regular alternations.
Also as usual its the Eastern Asian (South Korean) traffic that is dominating the Asian traffic.
Finally these are our top ten countries for the month of December, quite a bit has changed here from 4th place onwards.
Amazing information. I am new to Steemit and still searching for good content. Any recommendations?
How do you mean good content @cookit?
This post is a good content, so you have found one.
100% Upvoted @gavvet,
I saw that we were over 500,000 accounts just under a week ago, now we're at 517,000+ accounts as of today. If we're adding like 3-4K accounts a day, it looks like we'll reach the critical 1 million Steem wallets way before mid 2018.
And at $4.30-$4.40 being a 1 Billion in market cap, I think that's the 2 factors that will make the investors in first quarter of 2018 pay attention and scope up Steem like Eth back when it first broke 1 Billion, till it's like 60+ Billion in Dec2017 prices.
Imagine 60x from today price by sometime in say end of 2019, crazy eh?
with those estimates most of of the guys will be millionares by 2019, let hope the growth continues
It's hard to imagine, but yeah anyone with at 10MVest, meaning those just under dolphin status will be millionaires, the rest with at least 500Steem will have 6figures.
I doubt it will happen in the same duration as ETH was first to market contracts (dapps tokens) and basically ushered in the ICO craze, scams, and all the likes that's why it went over 60x in 1.5 years.
What Steemit just have to do is keep adding in Steem users at the same gradual exponential rate and we can achieve an equivalent in say 2.5 to 5 years. Let's hope @ned and team speeds things up with registration.
Still, we gotta do our part, see my reply to @ats-david's post when Steem was $1.8 over a week ago: Actions Steemians Need To Take To Help Steem Gets To $64 in 2018
man that's so exciting to think about
Upvoted to encourage you to keep Steeming on @joendegz. You might want to consider getting some Steem at any dips while prices still under $4.
Your grand-kids will be thanking you.
There is a multiple ways STEEM can succeed, millions of users (at some stage it can grow exponentially due to network effect), SMT can run ICO race for media companies similar to ETH, it can work as transaction currency among exchanges due to low cost and speed(e.g. people use ETH or LTC for transfer between exchanges), multiple Dapps (Dtube, zappl, steepshot) can bring in users and investors etc. However, STEEM reaching top 5 or 10 cryptocurrency by the end of 2018 is not far fetched.
Agreed there are not just multiple ways, there are ways Steem can succeed wildly that no one has even thought of yet, I'm talking like crytokitties x 100 kind of growth from a brainchild of a future Steem developer(s).
Still the multiple apps plugging into Steem like dtube.com, zappl.com, steepshot.io, utopia.io, dmania.com are still mostly creating accounts from Steemit.com and it's all part of the 3-4K of users per day inclusive. Yes, growth is increasing mildly, but surely it's growing exponentially.
As for ICO race spilling over from ETH to SMT, there will likely be a lag time for serious development to come up to speed when SMT is released.
For example, when ETB hit 1 billion market cap, and when ETH solidity code contracts were ready for token deployments, it basically stayed 1 billion for over a quarter while serious and legitimate development brewed beneath the surface.
The scam ICO that pop up overnight with big promises, that are not developing even 1 unique module of code before they even sell their first million worth of coins are not good examples, they don't add lasting value to ETH contracts, and those cases will not add value to SMT Oracles either.
As for choosing Steem to become a transact or gateway crypto. I believe the first step is the silent effort to get state jurisdiction approval for USD to Steem conversion and I suspect @blocktrades and possibly others are working on it. This is not a technical problem but more a legislative red-tap delay. Once this is in place then the consideration for Steem to be a gateway currency like BTC, LTC, ETH will then be taken seriously. Do note many fiat-exchanges might also be reluctant to move to Steem as some of them are earning a serious profit margin from the spread of BTC, LTC, and ETH, and in the inefficiency of blockchain fees and delays, some (or most) are surely exploitation this fact to skim of higher charges from incoming fiat while the bull run is strong.
Other ways Steem can bloom is simply advertizing companies beginning to see the potential of Steem's userbase and buying shares in advance. The multitudes of media corporation buying Steem to grow its influence base can be a shocking boon. This will likely start trickling in only after we hit at least few million users.
Another way that Steem can get a burst of growth is incubation and startup investments, there are companies that are now considering should they buy and keep some ETH and BTC, seeing which will come up first with their lightning or raiden network (the 2.0) to solve their speed and transaction cost issues.
However, some forward thinking entities may also be looking to invest in Steem as an alternative or hedge against a lack of short term solution to BTCÐ, especially if SMT turns out to be well design and has great ease of use. There are so many factors in the air, but 1 factor rules them all, the number of people adopting Steem.
There more people we get into Steem today, the bigger the chances are 1 or many of these boon factors will pan out to take us into the next level.
It seems like with all the popularity around cryptocurrencies steemit has been booming. Steem seems like it is going through this great honeymoon period where it keeps ramping upwards everyday.
Let's see how much more it will climb since I'm thinking about taking some out if it gets to $5 to pay off some student debt that I still have left to cover.
I can't believe that one of the posts on steemit broke 1,000,000 views. That is absolutely crazy and it is great to see the platform is performing so well.
Also I've been wondering why SBD is $10+ most of the time. Do you have any idea @gavvet? I wonder who is buying it with many people on steemit selling as much SBD they can or converting it to steem.
@arckrai SBD from what I can gather seems to have benefitted from having a low circulation that means any investment in the currency has a greater percentage chance to make a difference to the market value. I believe currently there are around 3-4million SBD in circulation and this is low compared to other currencies
In other words, it's just a succesfull pump on thin market.
4,174,319 SBD to be exact, if we trust the numbers provided by the exchanges. =)
Africa is still not doing well here, why?
Internet bandwidth is expensive and the word needs to be spread
That's true, so many people are facing the bandwidth issue.
Hello @gavvet,
Yah, that is my challenge too in my country Nigeria. Internet is very expensive. Sad!!
Slow connection, no connection and everything in between with high pricing.
Education in new technology (not just Steemit) is sadly lacking, I recall 2 to 3 years ago so much talk of digital money in Africa...
Season Greetings @yaanivapeji and @gavvet from Team South Africa
Really sad @joanstewart,
But any way compliments of the season to you too.
Great stats, steemit growing by the day, soon the network effect will be too big to stop!
can't believe that one of the posts on steemit broke 1,000,000 views. That is absolutely crazy and it is great to see the platform is performing so well.
Also I've been wondering why SBD is $10+ most of the time. Do you have any idea @gavvet? I wonder who is buying it with many people on steemit selling as much SBD they can or converting it to steem.
The reason SBD is so highly valued is because there is incredibly little of it - only a few million in circulation right now. Even small purchases drive the price up significantly. A lot of the SBD was also trapped in Poloniex until recently, as they have had STEEM and SBD transfers disabled far more than any of us might like...
I am holding on to my SBD - at this rate we are going to be able to buy a nice car with a few hundred SBD in 2018. Wouldn't that be something? Even better, SBD goes to content creators (not curators), so it is nice to see rewards geared towards them do so well.
am also holding to mine , with the recent spike in the crypto market, their is money to be made
Wow that is awesome!! I got a bit nervous when BTC took that dive but it is recovering well as are all the currencies.
much came after news outlets started saying that the crypto bubble was busting but today the market adjusted themselves and all went from red to green, its been a great day for those who held to their cryptos
This is actually good, its also good to see crptocurrencies recover from the initial fall
life is back to normal and all charts are reading green
Ich finde die Idee super. Aus irgendeinem Grund komme ich nicht in den Chat. Klappt irgendwie mit der Anmeldung nicht. Mir geht es nicht primär um das Geld. Aber es ist eben schon hart, wenn man sehr aufwendige Beiträge postet und sie in der Versenkung verschwinden. Da muss man durch. Ich wäre schon für einen wöchentlichen Treff. Man muss ja nicht teilnehmen. Ich habe hinter mir ein paar weitere neue Mitglieder hinter her gezogen, die es noch wesentlich schwerer haben werden
Love to see that in Canada in #5. Its crazy now that everyone knows about Bitcoin to explain to them an alternative coin that they can earn while blogging and posting solid comment and getting into the crypto world they truly love it!