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RE: We Are Still Very Early In This Game - $6/Steem Is Cheap

in #steem20187 years ago (edited)

Steemit is good for 3-6 months. I expect other social platforms to come and then the price of Steem could drop. But not before 6 months. And I'm quit sure Steem will be around 12-16$ at the end of april 2018 @cryptoctopus

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So you think another blockchain social media will outcompete Steemit? That might happen, but Steemit has a big head start right now, so the new ones will need to bring something new to the table, or they won't be able to grow big (in my opinion).

I agree with you. Other social media platforms should try to do more if they want to be successful. It seems hard. @cryptoctopus @valth

Oh yeah, I think starting a new social media platform is one of the most difficult things you can start, since it would require a lot of users in order to attract new users (since no one wants to use an empty social network), so it's a bit of a paradox. New social platforms need a big hook in order to get people to join, such as the getting paid to post that's here on Steemit.