Let's Leverage On the Current Fall in Price of Steem To Invest in Our Future. Part 2
Currently the price of sbd is at 1.3 dollar for 1sbd and $1.5 for 1 steem.
If you are to invest on stem now with about $100 that will give you 66 steem, if the price of steem later increase to $3 per steem after investing your profit will be $132.
That's why I said the best time to invest is now the price is low, I know most of you will not want to risk it considering the fact that you don't know if the price will go up or not.
But if you don't invest when it was $1 per steem when do you want to invest?
That is a screenshot taken when the price of steem was at $10 per steem.
By when it is $10 per steem it will be almost impossible to invest with $100. If you do you will get 10steem and the price is already high we don't know what next.
I want you all to bear in mind that every situation has an advantage.
Don't look at the low price level and the fact that it Is much more difficult to get rewards now on steemit, look at the big picture, look what's in front of you, don't let your mind be clouded with thought of getting rewards today but rather think of tomorrow and how you can workout your tomorrow, today.
Mechanism on steemit
What generates the amount you earn from an individual who just upvoted your post is depending on the persons steem power (sp).
so if you want you vote to count, if you want to make a impact when you upvote someones post all you have to do is work on your steem power.
And how do you do that?
You need to buy steem and then power up, doing that your steem power will increase and voting power will also increase.
Don't forget I said power up, meaning at any point in time you can power down, the steem is always yours but in form of steem power so it can generate more money for you and for others.
How do I get steem
You can earn steem by being active on steemit or buy. Earning steem will actually take a long time while buying on the other hand is much faster but it requires cash.
Investing on steem
Steem is a cryptocurrency the price keeps fluctuating (going up and down). For those that are business minded this is a perfect way to make more cash.
The ideology is to buy when low and sell when it is high.
Taking advantage of the low steem price
Okay with all the explanation I have given above I guess you already know what I'm trying to talk about.
This is because for now steem is on the low side and much more affordable.
I know the next thing on your mind is what is the grantee that if I invest now the price will go up?
Talking from my experience and analysis the price will definitely go up. Judging from the market view of how the price keeps increasing and dropping we are expecting a rapid growth soon.
So this is the time to seize your moment, this Is the time to determine if you want to be a curator or a curatee, this is the best to drive to maturity and enjoy the age of massive consumption tomorrow.