Is STEEM Alone A Healthy Investment For Future Or There Are Other Points To Consider?? Let's Decide ..!!!

in #steemit7 years ago

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Steemit is growing like red blood cells in our body. Last I heard, there were 300000 users registered a few days ago on Steemit, which is an enormous number for a relatively new social media platform. This has everything to do with Steemit rewards programme. Without Steem rewards, Steemit would be another social media platform which people would leave next minute if it's reward system goes out of context. It's bitter, but truth. Money attracts users and where money flows, Users arrive and stay indefinitely. 

Now, let's come to the second point. What fuels the Steemit?

Steemit is firstly, fueled by Steem which is liquid and you can move it and send it to another person effective immediately. Second is, Steem Power which act as an investment on Steemit. You can earn interest and curation on it. More the Steem  Power you have, More would be power of your Upvotes. 

Now Lets's talk about Investment In Steem Power :

Users on Steemit invests in Steem Power because it gives them royalty on Steemit users which have lower steem power. Becoming successful on steemit is not far from easy if you have 10k investment ready for Steem power investment. All of a sudden your upvotes would be worth, $100 and whatever you post, you'll get hundred of views and numerous comments in hope of getting upvotes back. 

Now, If I talk from an investment point of view, then investment in Steem power would be good if you have unshakable faith in Steem and some spare time to post on steemit. This money you would invest in Steem power should only be that one which you're ready to invest for long time , i.e. at least for 2 years. If you need that money before than that, don't invest it in Steem Power. Plus you can't withdraw your steem power in one go. It'll be powered down over the period of one month, equal percentage per week.

So, How worthy is Steem Power or Steem as an Investment?

Good, for those who can invest in it indefinitely at least until Steem price go to at least $10. For those who can invest in it long term, the money you would invest would be your savings, you won't need that money for longer duration and it must not be any kind of debt.

Very Bad, for those who wants their money to to get double overnight like other speculative cryptos. Who have taken some kind of loan to invest in Steem power, who wants to earn ginormous returns with minimum time. 

So, with current price of Steem @ $1.35, it would prove good investment for coming months. 

Personally, I believe crypto market is very volatile for investment, especially if you have no knowledge of cryptocurrencies in general and no experience so far. Steem is no exception to crypto market. It can also fall down anytime with the crash of market. And if it crashes, all the your steem power would be worth far less than you have invested. 

With the stress of making a status or maintaining the current living status where you can be financially independent. where your life style won't be affected by your income, we have to diversify our investment. 

There are a lot of options available in the market where you can invest and get a healthy return annually or monthly with out any risk of market collapse. 

Among those, Real estate is one of the greatest investment means. It offers health return on investments without any considerable risk plus with tax benefits. Because where I live, we don't get any tax benefits while we invest in crypto markets.

Stocks and derivatives can also be a great option. Investment in the stock for long time would be worth a fortune and comparatively safer than Steem or crypto market in general. Also, the tax benefits are also lucrative. Ask Mr. Warren Buffet the importance of Stock and then you would know it's versatility. 

Mutual funds is another good option for investment when it comes to safety and healthy returns. It pools the investment of various investors in equity or debt funds and in return it pays dividend or interest to it's investors. 

Fixed Deposits is another safest method of investment and it provide 10-12 % return annually on your investment without any risks. It's just a bank deposit. 

So, these are the some of the safest and most versatile means of investment for a investor who wants safety, credibility and growth. I would recommend to diversify your investments and also keeps a portion of cryptocurrencies in your investment portfolio. 

Disclaimer: I am not a crypto advisor or investment advisor of any kind. These are just purely my thoughts. 

Source

Thanks for reading.


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Great article, excellent advice actually.
I like to spread out investments over many different forms; you mention them all. They are difficult to pick and you don't provide advice.

Steem is going to be a great investment for a long time. LONG

Yes, diversifying the investment can be a good way to be profitable most of the times unlike cryptocurrencies which are highly volatile. Steem is good for sure, but it's worth hasn't been recognised yet and it could take a substantial amount of time to reach that potential :)
Thank you sir @surfyogi.

Totally agree, It's really a good investment right now at $1.35 :)

Yes, I agree with you @stackin but it's only for those who're investing in it for longer duration.

Very informative post, learnt few new things today, from your post about Steem.
Loved the disclaimer, on the contrary you seem to be one...rather a wisest one like WB.
On a lighter note, your wallet tells me you are a Steem lover !!! :) Accumulate !!! :)
You know, I am following you...left, right & center. :)

Well, my wallet doesn't have enough steem than most people and all I have I earned it here. I mostly try to encourage people to blog creatively and tell them something new about life. I don't know it works or not but what I do, I am well satisfied with it :)

Thumbs Up ! :)

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Hmm looking the situation this days in steemit i will consider start power down ....

Yeah, a lot of fuss going around among major players of steemit.

Nice post.. At one point you have mentioned that Banks are giving 10 to 12 %interest on fixed deposits is not true. Now we are getting only 7.5 or >8...

Yes mam, unfortunately now we are getting 7-8 % because of inflation index but at some time it was around 10 %

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