So for me that is a very bullish sign.
Let's look at the top 10 cryptocurrency according to coinmarketcap.
this is a moment of uncertainty of the market bitcoin been crashing
lets look Steem and sbd
the rison for this is the huge volumes that new korean exchange UPbit are traded
they are doing more then 90% of the daily volumes
Steem markets
SBD markets
You can see that they are investing there KRW - South Korean Won.
Steem is a good long term investment especially if you can pay whit your fiat money for it.
Just imagine when there are more place like this exchange like Upbit that are gone trade Steem and SBD
directly for your fiat money what will be the price of it then.
I believe this is just metter of time. Every day steemit pick up more and more network effect become more popular.
Netorwk efect means that more people use this platform one way or another the bigger is the value of it.
The more man power it have more valuable becomes after curtain threshhold the growth in value become exponential.
Good news is that everone that is involved in steemit have parth of the value of the platforme it make it cowner something truly revolutionary. Any of the other alredy established social media platforms didnt have that important key point.
We are all partners in this project we all want to succeed and make it big and valuable.
I personally invited a lot of my friends in here and and some of them becoming more knowledgeable and active participants of steemit ecosistem.
I believe this is one of the best way each of us can contribute for the success of steemit.