What i did with the Steemdollar rewards i earned on steemit?

We all know that Steemit works, no matter what the trolls say, it works and that's it. And if you manage to create your own personal network here, with followers and friends. Then sooner or later you will start to earn some steemdollars. That could be 1 dollar or 20 or even more. But then comes the question.. What you gonna do with your steemdollars?

And yes this is a important question, because if it was that easy to be a millionaire, then the whole world was a millionaire. So if you want to go higher up in ranks, and earn more than on this moment, then it might be smart to think about what to do with your steemdollars.

Because they can give you the funds what you need to invest, in something what could create more profit. Or you can change the steemdollars into steemcoins, and then power up your steempower. That's also a option, but it will take longer and more work to get higher on the ranks. Some steemians have low reputation and write almost every day! This means, we all can power up, or go for 100% steempower, or remove the steemdollars and sell them for US dollars, and use that for your personal life. If you ask me, then my advice would be, invest your steemdollars!!

Some people said, investment is like gamble, you never know what the outcome will be and that's correct. And there for you have to play it smart, and do not invest everything what you have. You need to do some test first, with small amounts and don't rush your self with it. Because you are going into the unknown, and that's how you should see a investment. Unless you have invested in some business before, and then the wisest thing to do is rise the amount every time.

But before you even consider all this, is the first investment what you should do is, invest in yourself. So Let's say you just have started on Steemit, and you are trying to work your way up in reputation. Then it might be demotivated to see higher ranks with huge rewards, while you maybe get 4 or 5 votes. Or you might see that your post don't get noticed and almost don't get any vote at all. So there for it's needed to understand first how the steemit platform works, to make you understand how others get a huge reward. You could get annoyd by it or you can learn from it, because they show you what a reward can be on Steemit. That depends on how you look at it. So invest in your knowledge, time and energy should be your first investment.

Next step is to create a balance in your life, were writing on Steemit is not your life purpose, but more as a extra value in your life. Like going to the gym or go out, or to calm your mind down. Or else you might push to hard to find content, while the true value of Steemit is, that people create qaulitive creative content. And if your mind is in peace, then it will be more creative. There for it might be good to create a schedule, for your regular day activities and put in that schedule the time to sit behind steemit. Within one week time, you will see the results of these actions.

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The next step is....what to do with your steemdollar rewards? Il tell you what i did... A friend advised me to invest my earnings. He told me it doesn't matter if you have 20 dollars or 10. So i searched for a exchange platforms, and the first one i found was bitshares. https://wallet.bitshares.org/. I liked it because it's very close with Steemit, and it's also decentralized and that was perfect. And the first thing i did was looking around on the bitshares platform, and sended some steemcoins and bought some Ethereum coins, it when real fast.

Ethereum was then around 80 dollars, and i bought 1 with the earnings from Steemit. But then the price of ethereum rise to 180 dollars, then i sold it and bought bitshares. Then the price of bitshares rise and the 180 dollars became 300 dollars. Then i bought ethereum back, and turned the 300 dollars to 550 dollars. Then the price of bitshares dropped down to 6 cents. And then i bought from whole amount bitshares, and the price when to almost 30 cents. That was a huge surprise and that's how i created some profit, from my point of view.

But i made one mistake, i traded half of my bitshares into BitUSD, 1 BitUSD is the same as 1 US dollar. I did that because i wanted to save some amount of that money, and then 1 hour later the price of BItshares when to almost 50 cents!! I thought f..ked, i missed that and then i learned a lesson with trading. That you must stay calm, no matter what. Do not sell right away after you see some profit, or see the price go down. Because that's the cryprocurrency world, price can go up or go down. But i learned how to make profit and to keep the profit, and how to use it for other investments.

Because not long after that i learned about a ICO..... hey don't kill me for this, because i became real active with trading after i started with Steemit, before Steemit i only knew how to grind bitcoins with faucets or to get bitcoins with marketing options. I never thought to invest in bitcoins or any other coins yet, until i got on Steemit. And learning about a ICO was the logical next step, when you start with trading cryptocurrency's.

A ICO is a initial coin offering, what latterly means that it's a crowdfunding for companies, to sell there new coins for a cheap price. And investors can buy those coins very cheap, and sell them later for more profit. So i thought why not?? But it's needed to do some study in the company first, or else you might lose everything. Yes that can be a risk and there for it's needed to do a research and to invest only with a amount, you can afford to lose. Do not invest with your last money!!

So real soon i found the first ICO to participate in, but it was needed to open a account on myetherwallet.com. And i had to send ethereum coins to metherwallet.com, and from there i could send the ethereums to the ICO,. After the ICO receive the ethereum coins, will they send there coins to myetherwallet.com. In my case was that coin Alis. I participated in the first week round and managed to get some coins. Now we are a couple of months later and i see the value of that coin is rising big time. From 4 cents to 46 cents is not bad if you ask me. But if we take a look at bitconnect...
Bitconnect started on Jan 20, 2017 with 0.162671, and is now 388 US dollars worth, in one year time! Imagine if you bought for only 20 US dollars?? And there are many more ICO's incoming, in fact you can see them right here. This is the site i use. https://www.smithandcrown.com/icos/

And this is the reality we are in on this moment, the steemdollar price is around 10 dollars. So if you manage to work on your reputation and your personal network in Steemit, and invest your earnings correctly. Then there are many options to invest your rewards to earn even more profit, even if you have a low reputation on Steemit. Because at the end of the day, when you earn enough profit from trading, then you can powerup your steemit account.

That is the stage im in on this moment, i saw 2017 as a year to learn about trading, and i learned a lot. I lost money, but i gained more knowledge, and i earned profit from trading. I noticed there is nothing more fun than to look at your blockfolio to see your earnings going up. And Let's say if you would earn 100 steem dollars on this moment, and you invest only 20 dollars into a ICO, then the worst case scenario is that you will lose the 20 dollars. But the information and knowledge you gain from losing, is worth more then the 20 dollars you lost in the first place.

Because you gain knowledge about earning on steemit, and about trading, and about a ICO, and all this could be used to do it better next time, and if you then manage to create enough profit, then it can be wise to invest in other important subjects ,like your house, the bills or a new car or for financial freedom!!

Like i told my brother about cryptocurrency before, and at first he was like, ah that's nonsense and this and that, and now??? He is 24/7 busy with trading and earned a lot within a short time. So this is not something what only some people can do, everyone can do this, but you only need to know how and you need to believe that you can do it, or else there will be no will power to succeed. Goodluck and play smart or be smart!