Funds and investors are cashing out altcoins to BTC, hence the surge in prices. As for Steem and the future is anyone's guess but considering the rapid developments in blockchain applications with such a diversity of ICO's , it is possible another competitor with more robust features will emerge and replace Steemit in popularity. Similiar to Myspace post Facebook. I think it is highly possible a new and better platform will emerge and due to it's popularity will replace Steemit in due time. Nothing lasts forever.
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This is possible unless the development of steem and steemit picks up. There is so much room for improvement and the development is slow IMO.
Hasn't Steemit been around for a few years? And it's still in Beta... I still think it's a great platform, but definitely slow development.
Yes, it has. However, we can't rely on the early success. Many competitors are/will be entering the market.
True words, but new platforms will have a hard time getting into the market as they´ll start with very low token values compared to Steem and SBD. But let´s simply enjoy this great platform and try to get it out there into the public :) You´ll never know what´s going to happen tomorrow anyways ;)
Agreed. Might as well milk it for what it's worth. Steem like much of the crypto market is volatile and so many are riding this ship for monetary gain, so definitely make your mark now while it's still hot.
Well take a look on the market cap. That's just peanuts compared to anything else out there. So cashing out today might leave you behind on the big rise of the cryptos ;)