Potential Institutional Investors
Some institutional investors are entering the cryptocurrency world, but it is too new and scary for most and they are uneasy. The main source of this unease is the lack of proven use cases. i.e working projects that have large user bases.
Think about bitcoin, while you likely know some people that own some, you probably don't know many that use it. Bitcoin's only proven use case is making money, that self fulfilling investment strategy makes institutional investors nervous.
Active Daily Users
Whereas one thing that institutional investors do understand are social networks and user engagement metrics, given all their investments in Facebook, twitter, snapchat, etc, they have teams of analysis that just work on social media. And looking at Steemit's user numbers (graph below) it is something that the big fund managers can use to justify an investment. It has the extra bonus that it will allow them to show their subset of clients, that are interested in crypto, that they are engaged in that space, while still having the hard data to backup the investment to more skeptical clients.
Image take from this post by @arcange
A Naive Steemit App
Steemit's 2017 roadmap plans for the launch of naive apps for Android and iOS and given the already established high user numbers, I think it is safe to say that on the first week of the launch we should see high download rates. This article by Techcrunch estimate that you need 38,400 daily downloads to rank on the top 25 list, with much less per category, 5,800 for the social networkings top 25.
So it is highly likely that steemit can feature in the top 25 lists for at least it's first week, this exposure will likely bring in many new users but it is also likely to grab the attention of the institutional investors that are always on the look out for the next big thing. As many venture capitalists keep a close eye on these lists.
And the other reasons
Steemit Communities coming soon
Steemfest2 around the corner
current dip providing a value opportunity
High roi from engagement, make ~20% APR from curating and posting
I have not invested any personal money into steem as of yet. I know it is still in the beta phase but I do see it advancing much further in regards to the cryptocurrency aspect.
I came to steemit for the writing and blogging platform and as time goes on, I am learning more about the advantages of cryptocurrency.
I do like the fact about the communities and finding like-minded members to follow, share with and comment to. I've learned more on steemit from my followers and the people I follow in my particular interests than I have in quite some time.
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I agree with all points in the article, the fact is that a lot of cryptos are just ideas. The world is full of good ideas, but there are not a lot that are realized. Steemit like you say is a proven model with a loyal awesome crowd that is increasing very rapidly like your graph shows! For me it's a no brainer- Steem is an awesome investment- thanks for sharing !
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To be clear I got the graph form @arcange's post, here
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I should have been more clear with the wording - my bad 🤗
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Nice post, Hole heartedly agree...good time to power up
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Investing in Steem is a great investment.
All of us who are here are lucky because we are early adopters.
Stems users are increasing at a rapid rate,so we need to get more seem power now.
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I'm right with you man!
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It's times like this I wish I had more money to invest.
Actually, no, it's at all times I wish I had more money.... :-/
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@fiveboringgames got you a $2.93 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
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Soon, Mark Zuckerberg will cry!)))
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Well done!
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You do not want to face the wrath of my bunghole!!
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These ideas are very interesting. You made a very good choice
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Yup. Steemit and Steem is one of the few crypto currencies I'm investing in. It's easy to understand, and it's fun. It's more than just a currency or an app. It is a social media. Pretty unique.
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Hello @fiveboringgames I am currently looking for some Steem Delegations would you like to Lease some to me
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sure make me an offer
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I want 5000 Steem power for 90 STEEM a month and I will be paying it in weekly dividends. What do u say about that?
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Sorry for the delay getting back to you, was traveling. I could do close to that deal.
100 steem for 5000SP for 4 weeks
paid every 2 weeks with payment due at the beginning of a lease.
So send me 50 Steem and I will delegate 5000 SP to you. If your payments are late more than a day or so and there has been no communication I will cancel the delegation.
Sound good?
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Yes that sounds good but can we do the payment weekly. I will pay one week in advance 25 steem each week
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sorry I didn't see this message, slipped threw the net while I was posting a new post
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It's ok so can I pay you 25 STEEM every week with one week in advance.
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yes, it's a deal
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The contract in this thread sounds tricky to calculate!
Anyway, are you following the booster wallet by any chance? Seems like a decent way to curate, sneaking in a vote on the memos that receive a 'decent' sized vote? What do you think? And if so, I've chucked $4 and $3 and my most recent efforts. Cheers :)
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yea I have used @booster @minnowbooster and @bellyrub.
They definitely have good use cases
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Yes, i use them too. But what i didn't think of doing until this morning, was checking the wallet of say Booster, and picking out the recent blog submissions to the bot. From here you can check the voting amount and if it's say $3+, go visit that blog and up-vote in advance of the voting bot - thus picking up some easy curation. Sound good?
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Oh yea i thought of that a few weeks back, I forgot to do it though. Definitely profitable, maybe worth it timewise.
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I'm going to try it on and off this week and see what happens. Cheers.
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