You are viewing a single comment's thread from:
RE: It’s so easy to become a millionaire with Steem
Thanks for this post. You really explaned the whole thing about the composite effect of interest on steam power plus way more!
Thanks for this post. You really explaned the whole thing about the composite effect of interest on steam power plus way more!
I’m also explaining to Steemians that hypothetically they can get enriched with methodical daily blogging effort; and it isn’t required they earn $100s per week on blogging in order to hypothetically become wealthy over the long-term with Steemit.
well no. not really... what youre really explaining is that if that if Steem increases in value 1000%, and they make SP by blogging, then theyll make a ton of money. But the first part of the parlay is key. And i know i know research math graphs linear bipolar transinduction algorithms you know its going to increase for a fact. But you don't. Youre making a guess. Is it an educated guess? sure. But its still a guess. this article from early 2014 also has a lot of experts making educated guesses about huge gains (including the litecoin guy saying $5k for LTC). Point is, guesses like this should be taken with a grain of salt. And an increase in the value of a currency already coming off a 2000% increase should be considered the icing, not the cake.