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RE: Steemit Crosses 800K Users! What Does That Really Mean?
There are only 70k daily active Steemit users. We still have a long way to reach Facebook's userbase. I think that as more people join Steemit,most of them will biy at least a few STEEM to power up. If not their content will be hardly visible beside their circle of friends. Unless they produce really high quality content that gets noticed by a whale.
That's a logical way to think about if those new users lived in developed countries. The question is how many of them come from developing countries where even $3 USD is a lot of money and a few Steems they can make here is a significant contribution to their budget. My gut feeling is that a good deal of them fall into that category. I don't have any evidence though. But the Steem price makes me think like that.
There is nothing wrong if they change that Steem into USD. They are producing some sell pressure that is understandable,but I think investors and believers in the platform will overpass them by far as they will hodl that Steem as power.
Ok, I see what you mean, but I'm not as optimistic as the second half of your comment.