Let's keep this simple I am going to make 5 points why I see now as a good time to invest in steemit, I would love feedback on each or any of the points. Do you agree or disagree, any I missed out, etc. All solid feedback will be rewarded.



Source this post by @arcange

1. Steemit native App for android and iOS

From Steemit's 2017 Roadmap we know that these apps are planned for release by Q4, the last quarter of 2017.

From the chart below we see that the majority of access to social media is via mobile devices and the ratio will only increase. Meaning currently steemit is only tapping <20% of it's potential market. So we could see a 5x increase in users 6 months after a successful app launch.



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Personally I access steemit through my phone ~30% of the time but I find it slower and not as easy to use. Any increase to the quality of my mobile experience should see an increase to engagement time.

2. High, and increasing, daily active users

Any social media platform that is not in a niche, which steemit doesn't seem to be going towards, relies on the network effect of more users using it because more users are using it (say that 10 times fast). From the chart below we can see that user growth is happening in spurts but importantly once they come a high proportion of them stay.



Source this post by @arcange

3. Potential institutional investors

Some institutional investors are entering the cryptocurrency world, but it is too new and most are uneasy. The main source of this unease is the lack of proven use cases. i.e working projects that have large user bases.

Think about bitcoin, while you likely know some people that own some you probably don't know many that use it. Bitcoin's only proven use case is making money, that self fulfilling investment strategy makes institutional investors nervous.

Whereas one thing that institutional investors do understand are social networks and user engagement metrics, given all their investments in Facebook, twitter, snapchat, etc. So, calling back to point 2, steemit's user numbers is something that the big fund managers can look at and use to justify an investment. It has the extra bonus that it will allow them to show their subset of clients, that are interested in crypto, that they are engaged in that space, while still having the hard data to backup the investment to more skeptical clients.

Revisiting point 1, the coming launch of Android and iOS apps and given the already established high user numbers, I think it is safe to say that on the week of the launch of the apps we should see high download rates. This article by Techcrunch estimate that you need 38,400 daily downloads to rank on the top 25 list, with much less per category, 5,800 for the social networkings top 25.

So it is highly likely that steemit can feature in the top 25 lists for at least it's first week, this exposure will likely bring in many new users but it is also likely to grab the attention of the institutional investors that are always on the look out for the next big thing.

4. Steemfest 2



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Steemfest 2 will be held in Lisbon on the first 3-5 days of November. These conferences are great places to breed and showcase innovation. And it is these innovations and the anticipation of them that lead to price increases in the run up, and aftermath, of said conferences.

Here's a quick overview of the steemfest

Day 1 is beginning with a hackathon, the quicisentional hotbed of innovation. Followed by drinks and a mixer.

Day 2 and 3 will be the meat of the conference full of talks, panels and workshops.

Day 4 and 5 will be a potential relaxing tourist option, not that I expect the networking to relax.

For more info follow @roelandp and @steemfest, and here is a link to a more thorough description.

5. General crypto uptrend

Be warned this is leaving the more fact based analysis that I hope I have provided above and entering the area of pure speculation.

It is my impression that the general crypto market may be entering another 2-3 month long uptrend period. This is based off Bitcoins chart pattern of the last 2 years of boom retrace, boom retrace, etc.



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And the potential 'cup and handle' forming in Ethereums price.



If, and it's a big if, this analysis is accurate, the big 2 cryptos entering a prolonged uptrend will likely help propel steemit higher as investors start to spread profits from the big 2 to other chains. Coupled with the growth I project from the above points I think this diversification could lead investors to steemit, which would greatly enhance the rally.

Disclaimer please do not invest on the advice of a stranger on the internet, only use this advice here as a starting point for your own research, and then if you choose to invest please only invest an amount that you can afford to lose.

Let me know what you think in the comments below and if you liked it please consider following, upvoting or resteeming, or you could go crazy and even do all 3.

Thanks for reading,

FiveBoringGames