As I'm sure you've noticed, Steemit has dramatically increased in popularity over the last year, despite a drop in the value of its currency. However, Steem is seemingly back on the rise and posing new questions. Who is using Steemit? How high will the price go up? Well, it depends on a few multifaceted factors. For starters, YouTube is now heavily censoring their users channels which affects their users ability to monetize their content to the higher end of its potential, with many users reporting making less money because of YouTube censorship, prompting them to look elsewhere to post their content and make money,( what better place to start with than Steemit?). So why does this matter? Well, it means that if Steemit continues to rise in popularity and goes viral as a major social media website with millions of followers like Instagram/Facebook etc, YouTube content creators may continue to be drawn to Steemit to post their content/videos and not have their ability to capitalize hindered, as they would on YouTube. Naturally, the USD price of Steem may rise dramatically as a result of the newfound popularity and popular content creators new to Steemit, which may raise its value significantly. Steem/USD recently just made a comeback from a hard fall last year falling from $4.00 to $0.30, and in the last 2 weeks has rose up again to $1.00 which it hasn't done in a long time. From the looks of the charts and technical analysis performed by myself and others, Steem will be looking to test the 3 dollar mark in the very near future, and possibly FAR past that in the midterm/long term. Were talking about the new Facebook! The new YouTube!
So! Why does this matter to you?
If the value of Steem continues to rise you as an individual could make huge profits. Invest in the Steem currency and when the value goes up cash out and enjoy. Steem is a very promising cryptocurrency.
Some tips/insights
-Buy as much Steem as possible( possibly triple your investment in the VERY near future)
-Buy enough Steem to exchange some of it to USD when the value goes up(your personal profit), but leave some Steem in your account for a long term investment. Remember, it could reach heights we never would of thought of.( Think $10-$50 long term)
-Tell everyone you know about Steemit, the more people joining in, the better.
-Create unique content on Steemit.
Keep in mind, Steemit is not just a website to make a quick buck, it has more value than that. Its a place to share ideas in a fun social atmosphere, and be rewarded. It pulls creativity out of people because they realize to do well you must be unique and post YOUR own content. Steemit has the possibility of becoming the next big thing, so don't miss out on it.