Steemit just started up, and is experiencing explosive growth. From just having a few users in the beginning, we are now 28,894 and there is now a waiting-list to get on #steemit as more and more people from all over the world are hammering on the door wanting to get in.
To use Facebook as an example of social media growth, Steemit should double in active user-accounts every 4 months which would take about 11 years if we would go by standard social media user-growth, but this is steemit.com - people get paid to upvote articles here - people get paid to write comments here - people get paid to write articles here - and money is a super-magnet for people.
As Steemit goes up - every other social media is losing an active user, so as a trader - I want to short the entire alphabet group and all the other social medias because the fundamentals has changed for all of them since Steemit launched.
To watch the user-growth on Steemit, go to: https://steemd.com/ and watch the bottom of the right column.
Steemit will become the dominant social media platform - the fact that you are here proves the equation
It is all relative!