New records levels again
Whenever we have a spike in price it's become normal to see a rise in user activity.
I've been intrigued to see what the rise to all time highs for the price of STEEM would do and how quickly it would filter through.
As usual I have not been disappointing.
The baseline graphs have shot up.
Returning users are now flirting with the 300 000 level, which is an almost 50% increase from our previous record highs.
The America's and Asia are still dueling it out, but Europe has made a nice jump this time too.
The top countries are as follows... Interesting is Nigeria and Venezuela in the top 10.
By top 10 cities the picture is even more intruiging as the traditional steemit leading cities slip down the ranks to make place for less expected places.
Fairweather Steemians coming back when the price gets good. They don't realize that to get the most out of Steemit, you have to stick with it during the hard times.
Wise words here!
@gavvet, it seems to be the entire ecosystem got a huge shot in the arm when UpBit entered their alliance with Bittrex and suddenly Steem and SBD became a hot thing on a Korean exchange... and then everybody else got excited about Steem (and Steemit) again.
Translate the numbers by country to percentages of the population, Steemit has by far the greatest penetration in South Korea. Compare no. 1 & 2, US and Korea... close on the chart, but the US population is 323 million vs. S. Korea 51 million... a 6-to-1 ratio.
I am from Venezuela and in reality this community has been very rewarding, not only in monetary matters but also in growth, it makes us rest from the chaos, it helps us explore other options and take experience. Always grateful @gavvet for those days of lighttheworld, a unique and extraordinary experience that left me a reflection of the impressive life.
Venezuela is ripe for a Steem takeover. The people there desperately need alternative ways of earning and communicating that isn't tied to the state or repressed by it.
Cool to see Steem still forging ahead. Very exciting.
Very good point. 2017 showed a huge Bitcoin adoption in Venezuela based on socialized electricity making mining viable and based on using crypto to indirectly acquire goods and products off Amazon where the Venezuelan currency failed.
2018? With Bitcoin more and more showing its creaking over-strained limits? Steem is perfectly poised to sweep in and do a vastly better job on every level.
This graph shows something fundamental: The rise in Steem price is not a fluke, but based on a fundamental: The increase in number of transaction due to a strong user base, and evidence that the network manages this like a charm.
So unlike many others (not all ) cryptos, the price rise has a rise based on something much deeper than mere speculation: the concept behind the coin is put to the test, works really well and has a demonstrates its huge growth potential.
You mention Venezuela and Nigeria. It is funny because I also noted that many new comers are from these 2 countries, just by going through the posts. For Venezuela, it's hyperinflation that pushes people towards Cryptos, making them discover steem and another potential source of revenue independent from hyperinflation ravaging their economy.
For Nigeria, I do not know, but based on my experience interacting with Nigerians, I noticed that these are very resourceful people, maybe able to spot opportunities better than the average...
I´m from Venezuela, and your are accurate, even thought Steem is not that popular here yet, It apeears to be a great opportunity not only to get crytocurrencies but to disconnect yourself for a moment from this reality.
In my opinion, you can use Steemit for more than just escaping reality, but also to try and improve it. Here, this morning, a full 100% upvote at 99% Voting power for you to give you courage in these difficult times.
I'm from Venezuela, and it's totally true, hyperinflation is a fact. Most people are already understanding how to acquire cryptocurrencies to avoid seeing their savings and income disappear with inflation.
I have a good Venezuelan friend, and I feel for you guys. Hopefully, you have a way to save your savings: Cryptos . Communicate what you know and teach your friends that are not familiar with the crypto world yet!
Yes, rightly said. Steemit is one of the few examples where we can actually see an altcoin actually working and doing something meaningful and being used and embraced by tens of thousands of people on a daily basis
Cannot agree with you more. Totally right on Venezuela been driven by an alternative means of livelihood and savings while Nigeria very respectful and youths that don't miss opportunities
I live in Turkey and steemit is very popular.Other social networking sites, according to the content is different.Everyone here more free and as a writer.
thoughtful judgement
Nigeria also experienced very high inflation in recent years.
I thought about that , but do not see it as the main incentive especially when comparing both countries(around 16% inflation and stable for Nigeria, while 800% for Venezuela).
and
(Sources: https://tradingeconomics.com/)
Yes, you're on the money! I'm Nigerian and inspite of all the economic and political instability that nation seems constantly plagued by, one thing you cannot miss is the entrepreneural tendencies in most everybody.
The last time i visited (I now live in the US) i had forgotten how one gets inundated by street hawkers when stuck in traffic, which seemed like all the time.
When I was in college, there were girls who would go to Europe...London, Rome.... for a weekend just to buy items to sell on campus.
Another friend of mine who was raised in the rural areas said by the age of 6 she had3 businesses...selling bread, kerosene and i forget the third one
This also coupled with the high level of unemployment across all age groups most prominently college graduates.
If platforms like Steemit could help provide alternatives to such youth who are victims of their environment and help them put food on their tables then i am so glad to be a part of such a community
Yes, I do see also this platform and the concept it carries like a way for many people to better their lives.
In addition to the little revenue it can bring, which can be quite significant in some countries of the world, it opens the door to education and culture through the many sub-communities that are building up here (like #Steemstem in science, or #openmic in music, etc...).
So your young friend, would there have been a Steemit around at the time, could have been learning new skills while earning money at the same time, instead of selling Kerosene in the streets.
It's not hyperinflation, but it's still at a high enough level to seriously affect people's lives. I am sure it is not the sole factor but I don't think it's a coincidence that two of our primary growth regions are places with very high levels of inflation.
I´m pretty sure inflation in Venezuela is around 2000% .
All true gains and gains I feel we are just scratching the surface of! Steemit is seriously powerful for everyone, those who just wish to write day to day, fund raising, causes, donations, support and for us marketers a unique way to spread our knowledge
How are you able to.attribute cities to accounts?
At the current moment no other platform can compete with the volume of transactions handled by Steem blockchain, which is growing even faster. Looking forward for upcoming SMT's and HF20 .
I'm new to the steemit world. Thanks for the technical data not sure I understand. It's nice to see that there is data to back up why steemit works.
Thanks
And we're just getting started! $100+ STEEM by the end of the year?