Also, as time passes, the Whales will cash out. There is a point where the earliest of adopters take their money and go elsewhere. This occurs all the time.
Those who got in at 6 cents or 10 cents will start taking money off the table at some point. In fact, I think many are, hence why we see SBDs being cashed out. It is a way to decrease their exposure while SBD pricing is higher than normal.
This means the ones who convert SBD to SP are actually getting a greater percentage of the total SP with each power up.
I could see that too. If I had bought into a stock at 10c and the price rose to $10 I would be cashing out some of it. Especially when you can generate more over time. I would be using the extra steem to diversify into other coins or projects. Any early adopter into a successful project will do well even if they don't put much in initially.
While I still think that we are early adopters ourselves and should do well in the long term it is nothing to the people a year before up but a lot better than the people a year after us.
I got nowhere for the first few months on site but I can see a lot more growth now after building up connections and following. Not like yourself but enough to get going.
I have been adding to my SP as i go along with the intention of having a strong account. I would love to get to 10k SP at some stage.
Absolutely. That is the point people miss. STEEM is a compounding system and part of the payoff when compounding is time. What you do today does not pay you today buy many times down the road. Each SP you add to your account adds to your VP which means you will increase your curation reward, no matter how slightly, each time you hit the upvote button. Sure, in most cases it is not noticeable...but over time it is.
The same thing with followers...gain one today who follows you regularly, and that person might vote for you over and over again.
So few of us really are conditioned for the compounding/exponential idea that it is completely missed.
And I do agree 1000% with you on the early adopter...everyone on here now earning some SP is going to do sensational over the next couple of years.
Things are going to explode.
I am positive of this as well. This single thread has thrown in more light on the nature and complexities associated with the steem community than i have seen any where else in all of my one month here.
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