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RE: Is blogging on Steemit profitable? How much should you earn to be "better" than average?

in #steemit6 years ago

as more users join steemit, the demand for steem is likely to rise. This means that the $2.50 you earned today might be worth $100 next year.

This is real, if you increase the number of people in Steemit, the likelihood is that competition increases and therefore, lower the average, or am I wrong? however, if we assume that an increase in people at Steemit would lead to an increase in Steem's demand, this could cause the Steem price increase to compensate for the operation. Now, my question is this, what makes us think that an increase in new users necessarily has to bring with it an increase in the price of Steem? Only if new users have money to invest and want to do so, will they bring an increase in demand, otherwise it will not be like that.

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Most users of steem don't buy any. However there will always be some who want to buy steem because they WANT more steem power.

Steem power is like lipstick for a woman or a Lambo for a guy. It will get you looked at. That's why more users will mean more demand for steem.

Lolz i like the lipstick part... Interesting