This is a bad analysis. Are you analyzing the functionality/profit potential of the site? Is this a price analysis on the SteemIt coin? The entire market is a "slow bleeder" right now. Total market cap is at $250b, down from $750b just a couple months ago. This coin has easy $8 potential when the market cap flirts with a Trillion again. The site is the next big thing in social media, it's like Instagram on steroids. If you post, reply on posts, and rev up activity you can make money without putting a dime into this site.