Powered Up Into the Top 1,000!
A few days ago I bought and powered up about 5,000 more STEEM in what I plan to be an ever-growing investment into this great platform! I unfortunately do not have any large cryptocurrency gains to speak of so all of the STEEM I have purchased (~12,000 at this point) has come from my savings. My wife is a bit nervous about putting so much into these newfangled crypto-thingies, but I'm pretty confident it will prove to be a good move - or else I might have to move, when she kicks me out! Just kidding (I hope)!
I recently found out about the site steemwhales.com and was very surprised to see that with my new investment my account is now in the top 1,000 out of all of the accounts on Steem!
Anyway, other than give some bigger upvotes recently, I've also delegated 2,000 SP to @utopian-io to support what I feel is a really, really great project. If you haven't heard about it yet, check it out at Utopian.io! I'm not affiliated with it in any way, just a big fan. Mad props go to @elear for that!
In addition to the ~5,000 STEEM I've recently powered up, I am currently working on setting up a self-directed IRA so that I can invest some of my retirement savings into STEEM as well. I very much hope that the price stays low for a few more weeks until that gets set up. I've posted a few times about the benefits of the Steem platform and why I think STEEM is a great investment (such as this post: The Value of Steem) so I really want to get as much as I can while the price is so low.
Anyway, there is a point to this post. It's that the fact that I am in the top 1,000 with a relatively small investment (in the grand scheme of things) really shows how small Steem is right now. It's really, really tiny. That means it has a ton of room to grow. I've often said that SteemIt.com is not great (I think we all agree on that), and the future of the platform is on niche sites like Utopian that I mentioned above.
I'm really looking forward to the release of SMTs since they will encourage so many new sites and communities to be built on top of Steem. That's when the real money will start to come in. When people can invest in a token specific to something they are passionate about, like open source projects for example, and they don't have to know anything about Steem or SteemIt.com.
So that's all I got for tonight - Steem is still tiny, new sites and communities + SMTs are the future - get your STEEM cheap now while you still can! Thanks for reading, hit me up in the comments!
Good move @yabapmatt, welcome in the top 1000 :-)
Nicely done!
I'd be doing the same if I didn't go and blow it all on.. a Steemfest week for myself and the girl! haha
With you all the way though, #smt gonna sort out your retirement funds good and proper!
Thanks@abh12345 - very jealous that you are going to Steemfest! I think that will be a good investment in itself. Networking and meeting other people is very important in a young community like this
Absolutely. Particularly as we (my girl) are heading off to do some volunteer work in Nepal 4 days after the event.
If you have a spare 5 minutes to take a look that would be cool. (the article is paid out so this isn't a link drop for a vote :) )
Good luck with your investment here, I'm as confident as ever that Steem will be a winner over time.
Cheers!
Asher
I am from Poland ,a little bit poorer country than USA, but I am powering up too.
Keep our fingers crossed, or our wifes will kill us :D
Congrats on making to the top 1000! I see a lot of potential with Steemit and SMTs.
Why invest so much... you're gambling pretty high there buddy. If you haven't profited why sink so much into it?
I pretty much explained why in the rest of the post. I very much believe that Steem will grow by leaps and bounds. No risk, no reward they say. Also if I were to lose all of this investment it won't change my life much. I'm fortunate to have a good, stable job and some other investments that could pay off as well.
People probably said the same thing about investing in Bitcoin years back. I missed that boat but not going to miss another one.
Oh I read that part... Im just curious to why would you pull from retirement funds to get more into it... can't you just hustle what you have and get more... or are you going balls deep in the game?
Going balls deep. I'm nowhere near retirement and the relatively small amount of money I have in retirement funds won't get me there. I'd rather lose it making a big bet on a potentially world changing technology than have it sit in a stock index fund earning a few % annual returns.
If I do lose it, then I keep working, save more, and try again. Most successful people I know failed a bunch of times before hitting it big. Now it's my turn to try. Also as I mentioned, this isn't the only investment I'm making.
You just gave me the motivation to play with some... I’ll see how it goes... Thank you my kinda geographically close friend!
I claim no responsibility for what happens!
Unless it goes up a lot :-P
Where are you located?
Standard future:
Goes up -> Thank you for advice friend. Goodbye.
Goes down -> You ***k, what you've made me to do.
I really don't like to give investment advices due to this schema, which has happened to me once time.
There is always risk, no matter what.
I realize the risk. I’m starting with established currencies first... and probably going to do some things on here and obtain steem dollars through a side hustle... and a greater percentage possibly.
Maryland
img credz: pixabay.com
Nice, you got a 25.0% @trafalgar upgoat, thanks to @yabapmatt
Want a boost? Minnowbooster's got your back!
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Congratulations on being in top 1000! 🍾🎉
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Such a fantastic post @yabapmatt I will try in future. No doubt Steemit is a great Platform to invest. Thanks for Nice Sharing.
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