STEEM has so much explosive potential (value-wise)

in steemit •  8 months ago


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STEEM investment opportunity

Hello fellow Steemians today I would like to share with you my insight why STEEM is an awesome investment opportunity. Like most STEEMIAN the first thing that lured me to this platform is the prospect of earning cryptocurrencies just by blogging. I thought it was an easy endeavor as I have been blogging before and I have already Identified my niche. Cryptocurrencies.


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Prior to joining STEEMIT I spend almost all of my time researching and learning cryptocurrencies. I have done Faucets, HYIP's, Pseudo and real crypto-mining, BTC doublers, crypto binary options, Dice Games, crypto PTC sites , ICO, Bounties, affiliate and referral programs , airdrops and etc. Basically every cryptocurrency enthusiast activity you can think off. I do this every single day and more than 14 hours a day.


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Learning cryptocurrency is a bit hard at first but once you learn the basics they are almost pretty much the same with different technologies, use-cases, implementations and wallets. What makes it even harder for newbies is that, there are so many cryptocurrencies to learn. It is hard enough to learn about the cryptocurrencies in itself but knowing which one to focus on poses another challenge. You can always go to your favorite forum or website to get the latest news of upcoming cryptocurrencies. However, just keep in mind that in these forum and websites there are "paid users" who will try to sell you their idea of a certain cryptocurrency, get you interested and possibly get you to invest.


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When evaluating certain cryptocurrencies there are many things you have to consider. To keep it simple I ask myself these following questions:

  1. What can it do that sets it above other cryptocurrencies?
  2. Does it have a working product that people will actually use?
  3. Is the wallet secure and easy to use?
  4. What is the possibility that its value will increase in the near future?
  5. Will it last?

Keeping this questions in mind I ventured into STEEM and its first application STEEMIT and check what is all the hype about and have drawn the conclusion that indeed it is an AWESOME investment. Let me explain why.

What can it do that sets it above other cryptocurrencies?

There are many things that set STEEM above all other cryptos. First is its transaction speed. I have been doing cryptocurrencies for awhile now and I have not seen transaction speeds like this before. Shown below is a visualization of the comparative transaction speed of the three leading cryptocurrencies. As you can see the three leadning cryptocurrencies is no match.

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Here is another visualization that compares its throughput performance. This shows you the estimated throughput of STEEM. Without a shred of doubt in terms of performance in handling transaction STEEM beat the top three cryptocurrencies hands down.

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Another amazing trait of this cryptocurrency is that it requires almost ZERO TRANSACTION FEES. When moving STEEM within the internal wallet of Steemit it there are no fees applied. Outside trasaction require no fees as well. There are times that a very small FEE is applied e.g. when withdrawing from exchanges like Bittrex, but this are charged by the external sites as there should no be no cost of moving STEEM around.


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As a medium of exchange STEEM really is an outstanding platform. Faster transaction times, can process more transaction concurrently and virtually No Fees.

Does it have a working product that people will actually use?

It is a big YES! Steemit.com is its first application which is primarily is being used for blogging purposes. There are other application of steem such as eSteem, Zappl, dtube, Steepshot, Busy and Steemgigs that have their own specific use. While they are all different interfaces with its own specific purpose all of their content is also posted in Steemit.com it is my opinion that steemit.com will not only be used as a blogging site but a repository or explorer of all the available content that is posted in the different applications mentioned above.

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Currently there about half a million active users (800K plus registered) of STEEM applications. Compared to Facebook which has more that 1 Billion users, which by the way have been subject to much controversy as 50 million users information was hacked from its system. STEEM has still so much growth potential. and unlike Facebook STEEM's applications are less susceptible to such cyber attacks as less information is required to get one. You can even get an anonymous account by using anonsteem which is being run by one of the witnesses (sort of legislators of STEEM).

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image source: email from Martin Weiss at Weiss Ratings re: 7 Surprising Crypto Facts


Recently I got an automated email from Dr. Martin Weiss, founder of Weiss rating. He states in his email that:

Facebook is running scared because crypto upstart Steemit has created a social media platform which makes it impossible for third parties to steal and sell your private information. Unlike Facebook, which just admitted to a security breach impacting 50 million people, all user data is encrypted and private.

source: email from Martin Weiss at Weiss Ratings re: 7 Surprising Crypto Facts

On another email from Dr. Martin Weiss he said:

Fire and fury is aimed at Facebook — and for very good reason.

The U.K firm Cambridge Analytica stole personal data from about 50 million Facebook users — possibly yours — and used it to try to influence the 2016 election. Facebook knew and didn’t tell.
It was just a matter of time before this happened.
After all, Facebook’s entire business model is to profit from YOUR data and the content YOU create.
That’s a failing business model.

It seems that the target of the attack was data and information of American voting public so that it could be used for targeted campaigning during the presidential 2016 elections. Facebook apparently knew about it and decided not to inform the American public. But what is more relevant for us is what he wrote next.

But one crypto is changing that model right now. I believe it could provide a viable alternative to Facebook and make early investors wealthy.

This crypto was created for an entire social media platform where you, the content creator, get paid for your work. Only you control your information. And only you have the keys to your posts, articles, artwork, photos or videos. Only you control who sees your data or how it’s used.

As you can see, cryptocurrencies are so much more than a new form of money. The technology underling them is changing the world for the better.

And you can profit from this new era by owning the cryptocurrencies at the forefront of this change.

Dr. Martin Weiss did not name the cryptocurrency but I only know of one Cryptocurrency that has this type of application STEEM. It seems that it has strengthen the position of advocates of decentralized platform like STEEM. In fact Weiss and his team has such high regard to STEEM that they have given it the highest rating in their rating system.

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B+ was given to STEEM which is highest among all the cryptocurrency on the list.

Is the wallet secure and easy to use?

We already know that STEEM is very fast and very cheap to move around but how does it fair in terms of security and ease of use?

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I am not a security expert but I think it is safe to assume that the wallet is safe There have been reports of stolen accounts (and the wallet with it) due to phishing sites but most of this can be attributed to human error on the part of users and not vulnerabilities due to its code.

STEEM has one of the easiest wallet address in all cryptoverse your "username." There is no long string of apha numeric address to memorize. If you know your username you basically know your wallet address. Just to demonstrate ,can you recite out your BTC, Ethereum or Litecoin wallet now? Well I can tell you my STEEM wallet address: ankarlie that's it. Other cryptocurrencies tried to address this issue by offering naming services which is an add-on feature or a paid service. In STEEM it was designed from the very start to have an easy to remember wallet address. Difficulty of remembering their cryptocurrency addresses was one of the reasons why some people don't like using cryptos.

What is the possibility that its value will increase in the near future?

Nobody can really predict if a value of a certain cryptocurrency will increase in value in the future. One economic law that we can apply here is the economic law of supply and demand. It can be said that in time as more and more people gets into the platform demand for it will increase. Checking the block explorer of STEEM: steemd.com we can see that there are about half a million active user (800k plus registered users) on the STEEM Blockchain since it release in 2016.

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To put this into prospective let us check the user base of other social media outlets:

Social Medianumber of usersyears in operation
Facebook1.86 Billion14 years
Twitter300 Mililon11 years
Instagram600 Million8 years
Youtube1 Billion13 years
Fiverr?8 years
TOTAL3.76 Billion

Compared to other social networks there are is still a lot of room for STEEM userbase growth. It might not be known to all STEEM actually has social media equivalents that that uses it protocol.


Social MediaSTEEM Equivalent
FacebookSteemit
"Busy
"eSTEEM
TwitterZappl
InstagramSteepshot
YoutubeDtube
FiverrSteemgigs

Traditional social media outlets like facebook and the rest of them does not pay its users and always have the danger of having their private information, data or content hacked or sold without them knowing due to the centralized nature of these platforms so much more is the incentive to use STEEM powered application in which users have the chance of getting rewarded for content that they normally share for free.

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There is an interesting website that claims to have the proper mectrics to quantify the value of a blockchain: blocktivity.info. It measures the Blockchain activities, market capitalization and Activity. Please pay close attention to the AVI (Activity Valuation Index ) column.

Activity Valuation Index (AVI):

This index takes the Bitcoin value (market cap) and the number of transactions (Tx) per day and makes it an index set to "1". Then, it varies with the other blockchains data. The index grows when the blockchain is very active and its market cap is low.

A blockchain with the same amount of Tx as Bitcoin but with only half of its market cap would have an AVI of 2. From the investor point of view, it would be twice as valuable as Bitcoin because it would have the same level of activity with only half the market cap. Another blockchain with half the amount of Bitcoin Tx with the same market cap would have an AVI of 0.5.

We can see blockchains like BitShares and Steem having very high index values. That is explained by the fact that they have a very low market caps but they process the same kind of Bitcoin activity or more.

source: https://blocktivity.info/

To simplify just remember that a higher the AVI the higher its potential to increase in value as activities can translate to more demand for the cryptocurrency rated. As mentioned above the base of this index is Bitcoin (BTC)and compared to BTC, STEEM has 2,874 points higher. It is only surpassed by Golos ( a fork of the STEEM) which has around 4,492 points higher than the base index (BTC).

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Another useful chart in blocktivity.info website are these two pie charts. Showing the 7 day average of number of transactions and marketcapitalization of crytocurrencies being rated in the site. STEEM has the lion share of the blockchain activities, about 53.9% at the time of this writing but capitalization is only 0.3% of the total capitalization on that list.This means that STEEM blockchain has a strong and active community of users which are all potential investors that are already using STEEM and more importantly, since market capitalization is relatively low, there is great opportunity for new investors to go invest and earn in the long run.

Will it last?

I believe STEEM will last for a very long time and poses a great investment opportunity for crypto investors. It is still evolving as new and ingenious applications with unique use-cases are being developed. This will provide additional demand for STEEM pushing its value further upwards. As it continues to evolve improvements are being made. This year the development team of STEEM is upgrading its protocol to incorporate "Token Creation Capabilities" for the STEEM platform which are called Smart Media Tokens (SMT).


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I am not yet sure what is the underlying technology behind it yet but it could be compared to the "Token Creation Capabilities "of Ethereum with much higher transaction capacity and user friendly address. This is indeed an exciting new piece of cryptocurrency technology that will further boost the demand of STEEM as all SMT will be powered by STEEM.

There is indeed so much potential in STEEM. All good qualities of an excellent cryptocurrency investment are in place: Superior, secure and innovative technology, increasing use-cases, supportive and involved community and prices that is cheap enough for investor to get into it.

Thank you for taking the time to read my post and I hope you found it helpful and informative. Until next time goodbye and always take care.


Do you want to learn more about cryptocurrency and the different activities on how to earn them like airdrops, faucets, trading, ICO participation and etc please join our group steemitpowerupph. You we can share strategies where you can earn

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Holy crap Ankarlie this has got to be one of the best explaination that I have seen about what makes Steem one of the best platforms and Cryptocurrency 2.0 out there.

If you can't make anyone believe after reading this then they don't believe anything.

Great post! This should be trending!

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Oh sir how I wish it could be trending so that others may find steem as an interesting investment and not just a milking cow. We have already many great content creators what we really need are investors and businessmen that will use STEEM and drive its price to the MOON.

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You are so young and yet a genius. Thanks for sharing this post @ankarlie. Great job!

This is very informative. Thanks for sharing.

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You are most welcome sister.

Great article and you have enumerated pretty well the value and the potential of the Steem cryptocurrency.

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Wow sir thank you for gracing my post. Coming from you that means a lot. I have been checking your blogs (Steemit, adzbuzz and your website) for some time now and I think you are awesome!

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There are alot of optimistic views regarding steemit and i also like it because it provide chances to create what you wish to....i wish you can visit my blog..

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Oh hello there angli yes I always want to see the positive side although I know also the negative but I don't want to focus on it too much.... Yes I have visited some of your awesome post. I will again soon right after I finish some task I laid down for today.

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Ok .....stay happy

@ankarlie, you too has so much!, so much explosive potential, the CEO must have to check this article out.

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that's what happens if you someone like me who seats in front of a laptop 14 hours a day 7 days a week and wanted to learn about a certain platform LOL

Really Really, you've struck a chord. I've never seen such catalogued explanation about STEEM and it's blockchain elsewhere. STEEM blockchain would surely bounce like hell in the nearest future, because of the booming popularity of Steemit. This platform is really privileged in getting people like you. Thanks for spreading positive vibes @ankarlie

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Thank you for your nice compliment. Although there were a lot of details to cover the advantage if STEEM over many cryptos out there are so easy to spot that it was not that difficult write a very positive article for it.

Powerful article @ankarlie! This is so far the best explanation I've read about steem. You've just given us assurance to continue believe on this platform. 👏👏👏

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Thank you sir @wilsonblue5 there are many great articles but most are old that is why I deem it needed to reiterate basically what they are saying and back it up with updated information. I am glad that you found assurance in my post and believing is important aspect in order for the platform to succeed.

I have never seen more detailed post like this. Very good work, support for you.

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Thank you sir I hope you will consider investing it it too :)

Wow, this is an explosive post!!!....truly so full of great information!!! Truly awesome Ani! Keep up the great work so many more would understand Steem as easily as you could explain it!!!

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Thank you mam @mers having mentor like you made all these as you have always been there to guide me and point me to the right direction allowing to grasp what the platform is.

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You already have the natural talent in you. I just lead the way for everyone and you´re one of the best newbies I have ever encountered. Go forth to the top and leave some footsteps for the noobs to follow!!!

You have laid so great info that leads to great opportunities for every steemians.

Keep up the good work!

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Thank you sir I did made that extra effort and it was all well worth it.

You nailed it again sis congrats

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Thank you sis I hope this has enlightened you convince you to invest in steem :)

Not wanting to cast too much of a shadow on the congratulatory replies about your great summary of STEEM but... not one reply yet has mentioned the possible risk of EOS to this STEEM party.

@pandorasbox summarised the seeming dispute between Dan and Ned that seems to be a death knell for any cooperation between the two to integrate steemit and an EOS equivalent. The lack of controls around self voting and gaming of the steemit system are a BIG problem here.

EOS is faster. EOS is an evolution of the technology Dan invented, with others, for STEEM so if EOS does launch a competitor that is executed with a fairer control of votes steemit.com will be dead in the water. This site will become a desert of whales gaming a system as the price of STEEM falls off a cliff.

I'm new here. I've been reading up on the witnesses who are to drive the change that is needed and I'm not convinced yet that the change is coming anytime soon. If you don't have thousands of dollars to throw at upvote bots and resteem services you don't have an audience. The very nature of the 7 day post payouts means you can't even benefit from posts when your quality information is indexed by Google.

Watch out for EOS! It is coming and if steemit doesn't change soon it is ripe for extermination.

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Hello @coolisland thank you for informing everyone about EOS although most of the people that commented might have known about it already and has chosen not to say anything about it since my post is about STEEM not EOS. Yes there are issues here and there but it will be resolved and it will make the STEEM better.

Personally I also like EOS and ranks high in my list of cryptocurrencies. It should also be awesome as the chief architect of EOS also made most of the tech behind STEEM so it is right to assume that there should/will be improvements. Maybe when there is already a running application that is equivalent to Steem that people will actually use, you will see me there as well and build a community also why not? As of the moment I just buy EOS in the markets and just play with its price and speculate. I did try to make it run once but i found it hard to configure maybe I'd give it another try again when there is an application that ordinary users can use.

You might want to check Golos also it is a fork of STEEM and I believe is run differently and might have address already some issues that plague STEEM. I would assume that since it is a forked of STEEM there should be improvements also maybe when it gets more popular and addresses its issues I might try it also.

As a crypto-enthusiast and investor with all the issues that is plaguing STEEM I still believe that it is an awesome investment because I believe in it, I believe in the platform, I believe in its community and I believe that change will always be possible for good. That is why I am here.

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You are CEO of steem as well. With you and everyone, it won't get dead in the water. Steemit is one app, plus there has been history and alot of improvement have occurred. Try go back in time a bit and see where steem was at about two years ago and find out that there has been positive adjustments and its been ongoing. Change happens gradually and on steem, this change has alot to do with us. If we see steem as ours or at least a portion of it and make sure this portion doesn't crumble, it won't crumble.

Disputes on the surface may not mean disputes in the background. While we talk about it, there may be handshakes behind the scenes. Payouts was 24 hours before it became 7 days (was also an adjustment of curb on gaming of the system like you put it), pointing to the fact that on steem, consensus can be made and adjustments achieved. Plus, there wasn't provision for delegation or the bot enterprise before now, showing again that change can indeed happen but alot of the change involves us. Now more than used to be the case, minnows and dolphins have more amplified voices as our SP now has more influence as opposed to how it was in the past where whales had squared power. When changes have been agreed upon and implemented, it gets tested and our feedback is important in another adjustment happening, so a lot has to be with us. Anyone can also be witness. But like is the case in real life and communities, when there is a new witness, his voice may become amplified overtime, same as change or adjustments even positive adjustment happens over time. The simple truth is, there has been many positives since steem started. Note, that steem wasnt even this scalable in the past, so as per speed even, if it becomes our priority to make it faster, it is attainable. Disputes and all aside, i doubt very much that Dan would want to see steem fail. There bigger things than stuff like that. He was a major part of its creation.
There is no reason why EOS and Steem can't compliment one another.

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Thanks for providing more background. I feel too many witnesses are self serving and offering their upvote for pay. I do not put you in that same category and admire what you are doing with streemgigs.

Thanks for the insights. As I have said if I didn't believe there was hope for Steem I would not be here.

Really good job dear for explaining it thoroughly... dapat di lang eto dito sa steemit nkapost it should be posted to other site para makita ng ibang tao dear...

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Yes that is the purpose of this post. I want to be able to share it elsewhere and spread steemit in all other social media space.

thisbia indeed another great , informative , helpful, awesome poat from you bunso @ankarlie . This make me more motivated and inspired to continue this steemit journey and diving in to crypto world , thanks for this, really a quality content 👏👍❤️❤️❤️

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It took some time to create but it is all worth it. Thank you for the nice compliment. Crypo world is really an interesting place to be there will be bumps here and there but with enough determination and perseverance it is a life changing experience (monetarily).

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 3 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 22 SBD worth and should receive 146 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
trufflepig
TrufflePig

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Wow artificial intelligence nice! I will surely check you out soon!

Its really educative

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Thank you for your nice compliment. See you around.

Very Awsome sister.
All of my friends turning back of me when i introduce them steemit. That is because all the hype site i had offer them first before

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Hahah that is why I don't do HYIP it is not really worth it. Stay away from it and just STEEM.

Awesome work sister, thankyou for giving information :) Keep it up!!

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Thank you sister for always supporting my post :)

Wow nice analization. You discuss it broadly. Yes i believe that the value will increase sooner.

Nice article.
It enlightens me.

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Nice to know you are enlightened.

Follow me and upvote my post

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Hello there let me check your post later and see if there is anything to my liking :)

Quality post this helps a lor for me as a plankton :)

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Thank you it really worth it when you put an effort to you post and people commenting it is of good quality.

By the way, where is curie? This post is more than worth to be curied.

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hahaha never experience being curied. From what I have heard they seldom curie cryptos specially about STEEM.

Excellent lesson of cryptocurrencies especially of steem, for which we are new in this world to read a publication with so many details and so didactically explained is wonderful, thank you for your contribution in knowledge.

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Was the translation to your language good?

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I'm sorry. I'm sorry. I just wanted to say that your post contains very useful and detailed information about steem as crytocurrencies and the importance of steemit as a social network.

The fact that Steemit is a functional social media platform on a blockchain is immensely amazing on its own. Technology that works and creates its own demand is light years ahead of what others are doing.

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I couldn't agree more! :)

i would say that @ankarlie is living in the world of @cryptocurrency; though i am not so knowledgeable about this but i am always motivated to learn more. This is very, informative. Thank you @ankarlie.

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Thank sir!

Wow..your explanation about cryptocurrencies are awesome. These will help minnows like me and this article will serve as our guide. Full of information and well explained. Thank you for sharing @ankarlie.

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Thank you sir.

I am sorry i didn't get it the right time :(

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What is it to be sorry about sister??

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by ankarlie from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, 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.

This is what blogging is all about. Your write-up is very good and even a newbie like me can understand. The information you filed up for us is awesome. I couldn’t get much information as you did. You really know your craft. Just keep it up and we are looking forwatd for more. Thanks

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Thank you sir your comment is worth 100 SBD :)

Very informative article thanks for sharing. Galing mo sis

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OMG sorry for the belated response. Salamat na lang po hahahah

For Weiss STEEM is too cheap for buying right now. Their metrics removed it therefor from the buy recommendations.

I think they will recommend buying it again if it goes above 5 USD or 9 USD.

At these low prices it will not be recommended until then...

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haha you should see the prices now.. sorry of the late reply just saw this now.

Thank you so much. Very positive article :)

Reestem******Upvote*****Follow ")

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You are most welcome sir. Sorry for the belated reply I will just follow you now, LOL

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Thank you!!🤗👌🌺

Lovely and peaceful weekend!🌺🍨🍭🍬🍡

So informative. Thank you for the info.

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Thank you as well.

You're such a Master sis! You're doing a really Great Job!

Thank you for sharing your knowledge.. :)

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Hello sister how are you. Sorry I was soo late on replying. If you see this maybe next year you'll know i replied LOL