So what does it all mean, the Price of Steem ? ? ? Just one person's opinion . . .
Short and to the point, Steem is a brand new cryptocoin and cryptocurrency is purely crazy.
There are several hundred internet coins available and check out their prices, any internet money flies all over the price charts.
So the longer any price point is maintained the more psychological advantage that item gain. Put another way, " an object in motion is harder to stop than the energy to get something going from stopped into motion ". The longer steem sits at a price the more people develop the psychological belief that is the " floor "...
Reality is Steemit is here and it works by people having fun, connecting / networking posting amusing, entertaining or educating people ! ! ! Who cares what the price of Steem even is, if people want to trade cryptocurrencies there are a dozen different types of coins. On Steemit you are given free money for using the platform. Over time that money builds up. . .
Reality is you got a free gift of stockmarket shares simply by using the website, how kool is that ? Plus simply by using the website your stakes or shares increase in value by you slowly accumulating additional value. The thing to remember is Steemit is six months old as a brand new intention, so no one can have any real clue of value or predictability.
Of course every arm chair expert (including myself ) reality is pretty sure of possibilities. But if we knew anything in reality we would not likely be sharing profitable information. Truly if you had next weeks lotto numbers, would you put up street flyers so strangers could all get out and buy a share into the winning tickets ?
Anyone trying to tell you this steemit or steem has a clearly chart-able course is clearly missing their calling, clearly that person should be working on Wall Street. People love to argue over the Republidiots versus the Demotards or the best base runner, or the greatest basketball team in history.
Personally everyone has an opinion, that person is entitled to share that opinion and you are free to politely tell them not to share their opinion . . . Now clearly if Warren Buffet or Bill Gates calls I might listen, but there are not many others I would value the opinion of. Of course not sure what they know about cryptocurrency in general but I would always consider their advice or opinion, anyone else is most likely just trying to gain an audience to listen.
Most of them are probably not even trying to educate you they just want an audience to help them clear their own thinking processes. Remember everyone wants to increase their own street-cred and everyone wants to feel others value their opinion, I understand that. I just do not like it when randoms choose to share their opinions with me ! ! !
Life is choices so make your best and have fun : )
Thank You 2 Pixabay for the images . . .
See you on the BlockChain ; )
Yeah, I am all about free money. A small investment and a daily income :)
I have been buying Steem all the way down. I thought I missed the boat when it popped up to .00024 yesterday, but it seems to have gone back to its original downward path with no bottom. I am not swayed and will be buying as soon as my bitcoins are worth 720 again.
Crazy that this other Zcash is trading higher than bitcoin ever has - and there is nothing behind it - not even a wallet app.
If you go out and buy Apple or Amazon stocks, you always own the fifty shares you bought. If you buy Steem, well Steem " decays " away over time. However if you pay 20 cents for Steem you build up with Steem Power on that real money investment.
So if Apple or Amazon lose money then you investment shrinks and the best you can hope for is a Real Life Tax Office write-off. But if Steem value falls simply by using your company's platform you increase the value of your 20 cents per share investment, thus by using Steemit you are protecting your real life money investment.
Sure Amazon and Apple stock might be a lot more stable and predictable; but do you really think you can buy Blue Chip proven stock for 20 cents per share . . .
The thing about Steemit is the better articles over time tend to get better upvoting rewards, sure some click bait posts earn but check out the works of the higher reputations, you will see some quality work there . . .
Now is the time to reach for your cheque book and show your own small business some love, even a purchase of $10 worth of shares once a month would send the share price a powerful signal, the other 29 days of the month you can just work on improving your investment for FREE ! ! !
Like any investment, there are no guarantees; so do not gamble anything you cannot afford to lose.
After all money tends to make money : )
I agree - money makes money. I have been putting about 1 bitcoin per month into this platform. I make about 45SP per day - 450 per week - 1350 per month just for voting. So it's growing.
So, if I make ten cents per day; let me think 10 cents multiplied by 365 days a year, plus interest.
How much is that ; )
Plus the interest is " compounding interest payments " , not ' simple interest ' right : )
Right - Could be a ton of cash.
Yes but it might not be, the point is it often takes years and years for something to truly show its promise and potential. But it builds up over time ; )
Memo 2 Self, must remember to report that at the end of the financial year : )
I am not entirely convinced that i'ts worth it to put my btc into savings accounts here on Steemit. I heard that interest is highest when your cash in in SP.
Steem gets zero internet, so you need to transfer, sell or power it up into steem power. I would never suggest anyone put like most of everything into anything, ever. But a risk of 5 % of your net worth might be a small loss if it is lost entirely or a far higher return on that 5% compared to your other 95 percent.
Personally I have cash, rare metal coins and collectible ultra high grade trading cards. Basically I have almost as many diversified assets as practical and I am still bankrupt lol. But at least I do not leave to much of an electronic money footprint lol : )
Never gamble on anything you cannot understand and never risk nothing you cannot afford to lose ! ! !
I'm enoying the ride! Everything about Steemit fascinates me.
Its a crazy wild ride with all the things it involves, like writing or podcasts or voting or commenting, programming bots or buying and selling your earnings; and all those things are just the before lunchtime daily activities ! ! !
So buckle up and strap yourself in and prepare to go places only bits and bytes have gone before; see you on the BlockChain : )
Oh; and Remember, its a BLOCK CHAIN so forget about changing anything after you have done it ; )
Even Hilz emails would still be herein, why is the government 75 years behind the rest of humanity; I saw a confidential internal government memo last week that said they were considering moving away from Steam power toward adopting internal gasoline powered machines, ain't life Grand ; )