Am not actually a professional commodity trader nor good forex trader but looking at the trend of steemit.com and its acceptance in the market world wide. Steemit with its SBD and Steem Power will soon be trading on the various trading platforms and liquidity markets like a bitcoin. Why am i saying this?
Firstly,let's examine the history and trend of both steemit and bitcoin on a brief content.
According to wikipedia, Steemit is a social news service[2] which runs a blogging and social networking website on top of a blockchain database, known as Steem. The service produces STEEM and Steem Dollars which are tradeable tokens users obtain for posting, discovering, and commenting on interesting content. This dream came to pass by the kind courtesy of Ned Scott and Dan Larimer, creator of BitShares.
The first post was made at 02/10/2016 with 8% of paricipation according to google trend. China has accept steemit 100% in google trend world wide analysis. The images below will explain further;
Let's examine this according to the above chart, on 2016/10/02, the participating was 8%, it attain 100% on 2017/06/25 and 2017/09/24 is 64%. Economically, steeemit attain its peak on 2017/06/25 and diminishing returns set in. All this is within one year time.
Bitcoin according to wikipedia, Bitcoin is a worldwide cryptocurrency and digital payment system[13]:3 called the first decentralized digital currency, since the system works without a central repository or single administrator.[13]:1[14] It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto[15] and released as open-source software in 2009.[16] The system is peer-to-peer, and transactions take place between users directly, without an intermediary.[13]:4 These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoin had its first transaction in october 2009 at the exchange rate of $1 = 1,309.03 BTC, now bitcoin has hit above $4000 = 1BTC.
worldwide overview, west Africa especially Nigeria and Ghana has participated 100% according to google trend of analysis. The above explain further.
Bitcoin and Steemit Market Trend Over view
According to the chart, bitcoin and steemit has attain 100% of worldwide participation.
In a nut shell, it will not be news that by 2019, steemit will be tradeable commodity in the various trading platform like and at the various trading market. Etoro , Investing.com, binary.com etc will be trading steemit as a commodity like bitcoin by 2019
STEEMIT MARKET PROJECTION
With the above historical background, i can firmly project steemit to be the best leading social platform on earth by 2019. It took bitcoin some years before it hit the market but so far steemit within a year time has make very great impact. Bravo! Steemit.com
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thank @minnowpond
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