Analysis made on 9/8/2016 . Bitcoin! spiked to nearly 640, I almost got excited before I remembered it was probably just whales playing in the shallow end and mass adoption was not here yet. How do I know this? Because when I tell people I made money on Steemit they give me weird looks. Steemit is easier to use and explain than Bitcoin and easier to get started with, so I don't expect the average Joe to show up at my nearest Bitcoin ATM and empty it of every Satoshi just yet. Monero!? You can buy stuff with it at places! Reminiscent of Bitcoins rise to $1000, Monero proves the "you can buy drugs and other illegal stuff with this now coin" is not as hype inducing as when Bitcoin was that coin , but still pretty hype inducing. I'm not buying in. The only coin I am buying as of now is Steem. yes, Steem, because the Steemit user count is guaranteed to rise while Bitcoins is not. The elections will make people buy Bitcoin but what people? I'll tell you. The same people that already buy Bitcoin.Once hyper-inflation hits an area the Bitcoin pump is simply hype with buys from non-affected areas pushing up the price. Some new buyers who are lucky enough to have liquid assets to trade for Bitcoin in the affected area and some will get only a few satoshi for their now worthless currency. Steemit getting to the #1 social media platform spot, will bring more whales in. Many more. Mass adoption of Steem is as easy as getting your friends and family to use the new social media site you are on.
