Why I Think Steem is a HUGE Buy Right Now

I know most of the crypto world is worried right now and understandably so. We've seen Bitcoin dip, and not bounce back as quickly as we've seen the last few times. We've seen altcoins really get hammered as well and some people are losing faith in cryptocurrency.

Steem got hit hard along with Bitcoin and other altcoins, but in my opinion one unique thing Steem has going for it is Steemit. Unlike many of these cryptocurrencies which are meant to be nothing more than a currency or a transfer of value, Steem has the entire Steemit ecosystem surrounding it. We have Steemit which has grown a lot and is continuing to grow. We have DTube recently rolled out which is an entirely new and different video sharing platform and people continue to develope apps and tools around the Steem currency and Steemit itself.

That is a large part of the reason why I think Steem is a great buy right now. I also have a feeling Steemit is not going to fall much under a buck. We may see $0.95 cents or so but I personally see Steem bouncing around between say 0.95 cents and maybe $1.15 for the next few weeks but I honestly don't see it falling much below a buck.

One thing I really like about Steem and buying it is again, unlike Bitcoin and many other cryptos which are strictly currencies, anyone who uses Steemit is going to be involved in Steem so unless everyone stops using this platform there's going to be an economy for it.

Regardless of what Bitcoin prices does, if Steem maintains it's value around a buck we can always move over to Bitcoin, cash out for USD and maintain that price of about a buck or at least close to it.

By buying Steem we can power up our Steemit accounts which in turn help us continue to earn more money and we can look at that like a dividend or interest. Then at some point down the road should you want to power down and take some earnings you can always do that as well.

WIth Bitcoin or Litecoin or Ethereum, if your sitting on a loss your doing just that, sitting on a loss and making nothing. Furthermore you have your money tied up so you can't buy in more on the dips. With Steem, even if you buy in at $1.30 and Steem is at $1.00 can you can power up your account and even though technically speaking your sitting on a loss, your Steem holdings are actually still helping to make you money via increased earnings on your content posting, curation and comments. That is IMHO what makes Steem so different from every other crypto.

I guess my point being regardless of how rocky Bitcoin and other altcoins and cryptocurrency gets I don't see Steemit going away and I don't see Steem falling much below where it is now so I'm fairly confident buying it, where as I can't say the same about a lot of other cryptocurrencies.