YOUTUBE NEW POLICY 2018 - SHOCKS SMALL YOUTUBERS -GOOD OR BAD?

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4,000 hours of watch time and 1000 subscribers - IS IT GOOD FOR YOUTUBE? Youtube just announced their new policy for 2018. They are now demanding 4000 hours of watch time in a year and 1000 subscribers to monetised. This rule is not just for new Youtubers, but also for old Youtubers who may be dreaming of a full time income from Youtube. Yes, Youtube is only for huge guns from now. Now all those efforts of Youtubers ( who does not qualify to get paid as per new policy) have gone in vain. New Youtubers who may have been planning for a long time will think again or may stop thinkingIts really hard to accept this policy. Will it do good for Youtube, especially with FACEBOOK FOR CREATORS KNOCKING THE DOOR?