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RE: Is blogging on Steemit profitable? How much should you earn to be "better" than average?
On the other hand, as more users join steemit, the demand for steem is likely to rise. - Agree, but then the reward pool will be distributed to them too so we can say that with each user that is joining the platform the current users will earn less Steem, but there is a chance that the Steem we earn will increase in value. I say that things are quite even :)
Watching the reports that penguinpablo also shares daily, we can see a decrease of active users in the last days, and I think it is because of the decrease in Steem's price.
I agree that as the number of users rise, the rewards will be spread thinner. What is really desired is that the price rises faster than the number of users.
There has been a falling off in the number of active daily users. I agree that this is caused by some bloggers who were here ONLY for the money giving up. This is caused by the fall in the combined price of steem and SBD.
Those who blog for the pleasure and for the community are still here and will keep going whatever the price.
With 68’000 daily blogs, I am still happy that I will find interesting things to read
You will find interesting things to read and even you provide yourself very valuable content to the platform and encourage others to do so. One good example is the scam examples posts competition which was something pretty unique!