Why having more people on steemit is BAD!

You might think having a lot of people on Steemit is good. Although, in some cases this is correct its something very bad with this Business Model.

More people = More Money

I have seen a post written by @corbettreport which he has introduced Steemit to 150k Subscribers which is very good in order to get Steemit out there for a larger variety of people. However, this will create a lot more money which once got they will most likely sell all their steems in order to get that all wanted green cash!

This is how inflation is made and could really make Steemit collapse in price.

Content gets used faster

You might be writing some unique article now. When more people keep joining they might want to write the same article but woops someone has already written that article. The same can happen like the other side , you might want to write an article but someone else has already written it. It's very common on this platform already and nothing can change that.

Steemit Price Drop

The price for Steemit could see a considerate drop even if 50-100k People join in and start posting quality posts which once they get paid are most likely to sell. Happening in the current moment, price of steemit started to drop for the last weeks now and I don't see any way off it coming back up. Maybe in the next few months, I've invested quiet a bit into Steemit myself and don't really want to see it fail but if this is the case I will have to dump all my steem in order to save a few bucks.

#steem #money #content