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RE: Why you should invest your money in Steemit and what lies ahead for it...Steemit is picking up Steem!

in #steemit5 years ago (edited)

I don't like the title "Why you should invest your money in Steemit"

Participating in Steemit is fine, but INVESTING your own money in Steemit is incredibly risky. It's not the type of advice anyone should give anyone frankly. The inflation rate is too damn high. I bought $2500 worth of Steem at $3, turned it into SP and now I completely regret it. Even though my SP has gained an interest of 100 steem since I purchased it, my wallet value has decreased over $1000....

Looking back it was a huge mistake using my own money buying Steem and locking it up for 2 years via SP. The inflation is insane and so far is not being countered by SP's interest. And locking $$$ in any alt coin is plain foolish, wish I hadn't done that. No one here has any idea if Steemit will even exist in 2 years

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Thanks for your comment. I'm new to Steemit, only 2 days in, and I was wondering if it would be a good idea to invest any of my money. I realize this is an older post and comment, but I'd be curious to know how you feel about it now. Thanks.