Now is the Time to Hoard Steem Power!
I don't usually write posts with investment advice, but I'll make an exception this time. Now that the crypto prices are rising again, it might be an opportune time to stock up on some cheap Steem Power. When Steem prices were a lot higher than today, people wished that they had invested when the prices were still low. Now that the prices are low, I see that many of you have become inactive and seem to have forgotten about Steemit.
This might be the last time that you can still purchase Steem at less than 1 dollar, especially with the rise of Steem-based apps. If just one of these Steem-based platforms gets any sort of mainstream success, we could see an exponentional increase in value.
Imagine if Steem Monsters becomes as popular as CryptoKitties, something like that could have a profound effect on Steem as a currency, since all transactions are done via Steem.
Keep in mind that we will have hundreds of services running on the Steem blockchain, probably even before SMTs are launched. Just one of these services has to hit it off and we'll see the value of our beloved Steem go to the moon.
I don't know about you, but I want to become a whale some day. Posting alone will probably not get me there, so additional investments into SP are definitely needed to clear my path to whaledom.
Everyone should decide for themselves if they want to invest into Steem or not, but it seems like a no-brainer to me if you're actively using the platform. I just don't want anyone to miss out, now that we might see another bull run.
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Totally agree. I mean, just look at some of the CURRENT SMTs which are in development, like the excellent Steemhunt (and its expanding platform) :
https://steemit.com/steemhunt/@steemhunt/introducing-hunt-platform-front-page-for-product-influencers-and-makers-by-token-economy
I delegated 100 SP to Steemhunt two months ago, and is paying dividends weekly, AND we all got a 1:1 airdrop of Hunt for SP last week - a reason in and of itself to continue hoarding SP.
The bottom line is that those of us who are smart enough to see the solid fundamentals of Steem have been hoarding since we joined, with the intention that if it goes belly up so be it, but that if it goes to the moon then we will all have more than enough $$$ to do the important things we have wanted to do to raise our quality of life and the quality of life of others. Good post.
Great advice. The biggest thing for people to remember is to never invest more than they can afford to lose. Hopefully that will not be the case with STEEM though. I hope to be a whale one day too!
Well... probably last week was a better time to buy! going from .86 to .98 is more than a 10% hike, but you can never get it at its lowest point.
Too bad it's going down again, I was really hoping to stay a bit above 1 dollar. Cheaper Steem again though, I guess...
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Daan from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Done and done! I put a little chunk into various crypto across the board last week, hopefully we are at the bottom!