WHY STEEM is a good investment and what you can look forward to..
Do I drain my account now? Do I wait until later? When is a good time to sell what I've earned?
Each and every day there are thousands of new investors into crypto. These people have purposely stayed away because the mainstream news media told them how scary it is..
That doesn't matter. You can give more news, news, and news, and eventually people become immune to the news and they want to try their hand at investing.
A few hundred dollars buying into Bitcoin or STEEM on a gamble seems well worth it. Especially after you've heard of the great successes that have happened to people who did it.
You can buy lotto or scratch tickets and only get a bit of hope you might have a 1 in a million chance of getting lucky.
Instead of buying lotto, I would recommend gambling in crypto.
Q: If I gamble in cryptocurrency, is there a chance I could lose it all?
A: Eventually yes.
Q: If I gamble with lotto or scratch tickets is there a chance I could lose it all?
A: Eventually yes.
What is the difference between state lotto draws, scratch tickets, or cryptocurrency?
The odds are better. The chance of losing your gambling money on lotto is much worse than it is with cryptocurrency investments.
listen, most people only spend $20 a month on lottery tickets and sometimes they only win small amounts like $5 or $20,. @intelliguy are you saying I'd be better to spend that same $20 on buying into cryptocurrency?
Yes I am.
Cryptocurrency is a gamble. It might not have the same chances as big payouts as winning the lottery, but you have better chances at not losing 100% of what you invest.
.
.
In this case, time works on your favor. $20 this month, $20 next month, and $20 all year means you've invested $240 worth of money into crypto over a year and you are less likely to lose the entire investment.
In the case of Bitcoin, if you would have invested $240 into Bitcoin in March 2010, with a bitcoin price of $0.003 cents at that price in 2010 today (Feb 2018) you'd have 80,000 bitcoins worth $720 MILLION DOLLARS
Ok @intelliguy, no one in 2010 knew Bitcoin would go viral and worth that much.
You're right.
We're in 2018 now.
What you realistically could say to me in 5 years could be this:
Ok, @intelliguy no one knew in 2018 that Bitcoin was could be worth $526,000 in 2023
Could it be? If you bought $240 Bitcoin today, and if Bitcoin is worth $526,000 in 2023 you'd have 0.026 BTC today. If Bitcoin followed the same growth trend it has since 2010 that $240 invested in 2018 would be worth $13,626
You're crazy @intelliguy ... Bitcoin can't possibly be worth $526,000 in 2023
REALLY?
Did anyone think in 2010 that Bitcoin would see a high of $19,500 when it was worth $0.003 USD in 2010?
No... so it's not crazy for me to consider Bitcoin being worth $526,000 in 2023 either...
REMEMBER, there is only 21 million BTC / Bitcoin that will ever be created for the entire world. There will never be more Bitcoin than that... it's a scarce and rare resource. As time goes on, Bitcoin value will increase over the years.... since it is always in demand.
...that can happen in only 5 years. Will it happen? No one knows.
All I know is that if you're going to gamble $20 USD into lotto or scratch tickets each month, you'd be better off putting it into cryptocurrency than you would by playing the lotto.
Stop wasting your money on bad odds on lotto and scratch tickets and use that same money to invest in cryptocurrency.
That's my advice, even if I am not an expert and this should not be taken as expert trading advice. Make your own decision.I just wish I was around in 2010 when this started in March 2010 and had $720 MILLION DOLLARS by investing $240 back then.
I believe steemit is the best pick for this year . It's popularity is soaring .Just look at Fb's mcap more than 500 B , we know Steemit is better than Fb and it's mcap is only around 1.5B . Imagine how much steemit platform will grow ! We are the best rated crypto right now with B + . Fb is waste of time , we got everything here on steemit . News , gags (dmania ) , dtube , steemchat . Fb already lost a million users , i hope they will land here .
Dollar cost average and accumulate crypto over time. You would be surprised how fast 20 bucks a week grows, especially if crypto is appreciating in value.
The difference between lotto and crypto is that coins should either have utility or act as a way to micro invest in projects that are creating utility. If you view or tell people crypto investing is like lotto, you are robbing yourself and others the chance to understand what the blockchain is and what makes it so revolutionary :)
Scared money don't make no money
Everyone can not predict bitcoin 2017 at the earliest, bitcoin still weak, and at the end of 2017 bitcoin soar and early in 2018 comeback,
Although the number of bitcoin quite a lot, but the demand is very high. It is also influential. thank @intelliguy
gambling and buying virtual currency are the relationship between expected return and unanticipated return.
never drain! always hodl!
none of us wizard or medium but it can highly possible to rising of steem dramatically . it gives trust and preffered via high speed transactions. it has grown and spread by steemit and other social media. therefore there is no reason not to increase. so its a good investment for us. thanks for your post.
Your this post is forwarding knowledge to your followers WHY STEEM is a good investment and what you can look forward to.....REMEMBER, there is only 21 million BTC / Bitcoin that will ever be created for the entire world. There will never be more Bitcoin than that... it's a scarce and rare resource. As time goes on, Bitcoin value will increase over the years.... since it is always in demand.
I think steem and sbd are worthwhile investments but I'm not sold on the 1,000+ other cryptos.