Twitter only made profit for first time in 2018.
YouTube has always said its highest viewed videos cost them to much money.
Did snapshot ever make money? Who knows they are more or less dead these days.
Instagram biggest claim to money was just being sold for over a billion if I’m not mistaken. It has terrible issues on trying turning a profit.
Facebook well everyone know understand how they make money and they run advertisement sales as well. Who using this though? The hip and trendy? No, old grandmothers and grandfathers. The worlds cryptocurrency make them think very bad things.
Myspace could not hold onto their market share and well we all know where that ended. Along with a bunch of dead other social sites.
There what now 5 or 6 platforms that are all gunning for steemit? Not to mention we are all bound and changed to BTC. Of which case its BTC inability to adapt and everyone thinking “it will never be regulated”
There is a reason why the entire world is not running of 10,000 fiat currencies. Cryptocurrency at most needs 10 to 50 coins. Not 1000’s. Massive consolation is needed.
While I hope despite all these factors Steemit will be amazing beyond believe. I can’t afford to hold Steem for 15 years. It is far too time consuming and no I did not waste my time on other social medias before this platform. It was not worth the opportunity cost of which at some point I’ll need to collect on that time invested. How it performs in 2018 will reflect on if I choose to hold it long, continue here, or just count the opportunity losses and move on.
Thanks for this concise elaboration
I guess time will tell. However i see you holding it longer because you are a sharp guy