Prospects of making Investments into Cryptocurrency (Using STEEMIT as a Case Study) I

in #steemit7 years ago (edited)

           With the News all over about the advent and rise of cryptocurrencies over time, one could easily tell that it has become a Global phenomena which is progressively been embraced by all. It has consistently broken down the walls of other currencies which are known as a store of value and a medium of exchange in trading and other activities.

       At its introduction as a type of currency (digitally-existing), it did not enjoy a wide approval, but as time went by, a change happened and it began to look positive. Due to its value then, a lot people did not really buy into its essence, but a few, who could see the ease brought it for trading purposes. The few were concerned about the fact that is a DigitalCash.

       Today, the few who bought thousands of it are enjoying the value it has brought, lasting over 8 to 9 years with Bitcoin been the first form of known cryptocurrency worldwide. It has made millionaires and even given hope to people who have interest in its mining.

     Cyptocurrencies today are been mined with dedicated GPU's with buyers and sellers all over, we can testify to the rise (Bitcoin) during the week moving up to $5,699 which formally was around $2,000-$3,000 few months earlier.
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    Focusing on the major Case Study for this article, STEEM which was brought to the awareness of people all over the World has indeed found a place in people's heart today. It has so far rose at a Fast rate, and even performed better than Bitcoin (in relation to its comparison when it first started)

With its introduction and its system which is deeply integrated to sharing of Valuable and Educative Information on the Block-chain.

Could we then say STEEM is here to stay and would perform better than other cryptocurrencies as time passes by ?



My answer is YES. If you are not convinced, here are my reason's for saying so.



You do not need to spend thousands of Dollars to acquire dedicated GPU's to Mine Steem


Unlike other forms of cryptocurrencies, you do not need to spend a whole lot in saving so much money in other to buy GPU's in other to mine Steem, by sharing valuable contents with the community you increase your chances of been well upvoted, and in the bid of that been done, you and those who upvote are mining steem dollars which can be converted to STEEM. You can as well use money which you have saved up to buy Steem Dollars and STEEM which is a secured investment.

You spend the same time which could be wasted on other Social Media to add Value and Earn On Steemit


This unique culture on Steemit has made Steemit far better than other social media platforms, Imagine you spending time to solve other people's problem on Steemit just by sharing knowledge of what you know with the community and you are been appreciated for it. Sometimes you do not even need to bother about knowing so much about something before sharing it, making your contribution (like I am doing) could also pay off.

Your Contributions are Recognized


Those who have you tried searching extensively about a particular subject matter can testify to this, every effort blogging and adding Value to the community is been captured by Search Engines and is made available for everyone who searches for similar and related topics, isn't that interesting ?

Steem and Steem Dollars are Pocket Friendly


Unlike other forms of Cryptocurrencies, Steem and Steem Dollars still pocket friendly, you can afford buying them now and saving for Investment purpose, Take a cue from bitcoin and learn from those who invested in it several years back, many of them today are glad they did and are not regretting any second for the step they took. Most of them today are financially Free.

If financial Freedom is your Goal, Steemit is a fertile ground to sow your seed.

Thanks for reading through my First Write-Up on this Topic, please feel Free to Upvote, Resteem, Comment and Share, you could be Helping someone who needs this information

Response on this, would initiate other series, keep sharing Good Info.

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