dippity drop, steemit.com drops below 1000 on alexa ranking + the obvious connection between steem price, post counts, post engagement and steem shilling
steemit·@destinysaid·
0.000 HBDdippity drop, steemit.com drops below 1000 on alexa ranking + the obvious connection between steem price, post counts, post engagement and steem shilling
# Hello steemians! .png) Just a few months ago,Steemit.com crossed the 1000 mark on alexa ranking in the USA. Of cause at the time, the crypto market was very active, with so many people being interested in what bitcoin was, what it could do. The bitcoin futures market opened up investment opportunity for a whole host of people, as well as general acceptance in the East made everything sky rocket. In summary, we were living the high life.  Many even were suggesting that we were heading to $50k bitcoin and so many news. Of cause, we all know how all that turned out. Steemit.com, on the other hand, has since steadily declined from its top 1000 position around December 27th 2017, and currently sits at around top 1600. 500 other websites having overtaken it in ranking. This could signify a lost in interest on the site, and its somewhat supported by the statistics by @paulag, with help from @arcange. Long story short, the whole Idea I can deduce from this is that people are dropping their steemit accounts because it doesn't pay as it used to. One thing I have to explain to many newbies who came in Dec-Jan is that the steemit system isn't as easy as they think it is. They were simply not around when the price of steem was $0.1. Often times I hear people complain that the system is bad, well I agree it could need a little fixing. Many of the complain I hear however comes from those that came in during the boom. We had a record number of people entering steemit around Dec-Jan and it is most likely that it's these individuals that are abandoning their steemit accounts and leaving the platform until the next boom. For those of us that have spent a year plus on the platform, it isn't a very big deal. The importance of community building, engagement and supporting one another far outweighs the urge to give up till the next boom season comes along. # Loss of steam It can be heartbreaking seeing your potential post payout drop like a stone, but you really ought to have a goal when you on steemit. Granted its a blogging platform with a twist, its a social media site that encourages interactions between individuals. But many see it as a paying platform, I see it as a hybrid system, both a place for interaction and a place to get some funds to **fund** life-changing projects. The loss in interest on steemit.com, also corresponds to different data across the platform. In term of price-engagment ration, the higher the price of steem, the more people interact on the platform, the ower the price, the lower the interactions. Shilling is also at a low, with not enough funds to sponsor these events, of cause not as much opportunities to promote steem will be available, which cycles down to less people knowing about steemit, which again leads to drop in traffic. In this world, everything seems to be tied to price. The more the rewards on your post, the more comments you have, the higher the price of steem, the more people notice steem, the more people we retain. @paulag post https://steemit.com/utopian-io/@paulag/steemit-churn-rates-q1-2018 shows an interesting correlation between price and member retaining capacity. Since the decline of price, steemit has had more users leaving the platform, than joining it. Calculating this for the month of Oct, Nov, Dec would have shown a totally different graph, as more and more user were joining the platform. *** All in all, it was fun just checking out how the various sites have gained or lost traffic so far. I went ahead to check google trends to see if people were still talking about btc, among other charts. I'm sure the following should be interesting to look out. The top crypto site I could find was of cause coinmarketcap.com, as more and more people visit the site as a gateway to quickly knowing what the price of coins are. .png) The global acceptance rate of cryptos has risen no doubt, far higher than it was in 2017, and continuing that yearly upward trend that we have been experiencing for over 8 years. .png) .png) .png) .png) .png) .png) *** If I made any errors in the write up, or statistical mistake, please point it out, thanks! P.S: it is interesting to note that steemit has climbed up the global ranking, going from 1750, to 1561, no doubt due to the increase in numbers in places like africa and asia
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