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RE: Invest in Steemit? Take A Risk! The Risk Averse Mind Behind Decision-Making on Steemit! - by chrisadventures
Yep, you just motivated me to invest some more bitcoin into Steemit.
I'm excited about the future and where well be in two years!
Cheers!
There is a kind of a bias with steemit, as in the more you have invested in it the more steem you can make. Your up-votes are stronger the more steem power you own.
Oh yep, I haven't mentioned that in this post. Whether it's a missing aspect to bring over my message, probably not! Investing brings a chance to earn a lot money (if Steem increases in value + the bias you just mentioned) and it brings the risk to lose money (if Steem loses value!
That's the thing--it's steadily losing value. It's gone from $4 to $1.45 and just keeps sliding. :(
It will increase. Like every economy, there's supply and demand. There'll be a threshold soon and prices will increase. Also if Steemit keeps growing we can definitely expect an increase of value. But we'll have to be patient:-)
That's amazing to hear @rawnetics, you just took that risk, let's see how it works out! ;-)