Crypto is About to EXPLODE and This is Why You Should Choose STEEM to Flip 100X $$$steemCreated with Sketch.

in #steemit7 years ago (edited)

Recently a few things have come up that show the world of "crypto-currency" will soon explode to levels we have never seen. People in every country are going to know what a crypto is and this is why you should count on Steemit.com and the STEEM Blockchain to increase your personal wealth. First things first, what happened and then why does it matter, finally, why STEEM is "the one?"

India
The government of India is set to accept crypto-currency as an officially recognized form of currency! This is huge news for a couple reasons. Firstly, the population of India is enormous which will lead to increased demand and large purchase orders from businesses. This also shows the government fiat currency system has FAILED! Is this a sign of things to come? I will get to that very soon indeed. Another factor here is that Indian people speak English, having been a former British Colony and they can read it in large volume. Why is that important? Because Bitcoin or heck, Litecoin, can be used to exchange an amount of value but what cryptocurrency has the ability for its users to mind coins instead of buying them? STEEMIT. Indian people speak and can read and write in English and they are an enormous population and have a very large economy. They are not a third or first world country but some kind of mix of large amounts of poverty but also large amounts of wealth. But it does have upward mobility, which will make it possible for the Indian people to come to Steemit.com and turn news or other topics into Bitcoin, or whatever the popular Indian crypto will be. But why not just keep the STEEM and ditch the Bitcoin? They will. They will buy SBD and they will become a huge portion of the new Steemit community. Oh yes, this is a good thing for STEEM.

USA
The government of the United States of America has chosen to create a bill in the House of Representatives that will make using, or owning crypto-currency, not only fully accountable to the government, but also punishable by up to 10 years in jail if unreported. Yeah, nothing like India. The House of Representatives (call your Representatives) has chosen to call this the Money-Laundering-Terrorism-Funding-Blah-Blah-Blah Bill that has nothing to do with anything stated and everything to do with controlling a decentralized currency to rival the USD. However the government is fairly ignorant of how to control this and will likely try to make examples of people that tend to challenge them in not reporting (and clearly pay some fees and taxes). This is all about money and nothing about Terrorism, nothing about Money Laundering or Silk Road type things that aren't currently being paid with USD. Even ISIS uses USD, hahaha. So what does this mean for STEEM and Steemit.com? The government will first go after the money and the money is in Bitcoin. Famous and rich people have significant money in Bitcoin. People who use crypto use Bitcoin worldwide. That will be their main focus for the foreseeable future and will lead to, I think, a two to three year window for us to create and preserve our wealth in STEEM. So power up and create content or instead of buying stocks or Silver buy yourself some STEEM. As a Silver stacker I would say your goal should be 1,000 ounces but even 100 ounces is a solid amount to have. Silver will go up as fiat currencies around the world become hyper-inflated and it will have its day, but until then make your money where the % is going up the fastest, and for the near future it is in digital and specifically STEEM. The English language unifies people. As a social network Steemit.com will combat every other platform and because of the Incentive to post, it will win, going up to in my eyes $50-$100 by the end of 2018.

VISA
The credit card and financial institution that is VISA has hired developers that are focusing their talents towards "blockchain tech." What does this mean? First off if you are playing the stocks buy VISA for the long-term but since I believe the market is a bubble I personally would not. Perhaps after the bubble breaks I would but even then that isn't my cup o' tea. But debt/credit is certainly a thing that won't be going away anytime soon, so any business using new, especially crypto-type, technology in the financial sector, will be a long-term good fit for the future. More than this though, I feel this validates crypto as a form of financial instrument, since they are taking from it to add to what is already a working system. Overall this will make the "general public" feel more easy to accept using cryptocurrency even if only a little bit. If VISA is behind it than it must work, right?

I don't really think, overall, that this VISA news is a huge deal in the price of STEEM but it had to be mentioned. I think it just lends itself to adding more people into the buy phase and, in their search for information, they may come across Steemit.com and find that this is a way to easily get into crypto's and may never venture out, if we can make it worth their time and not lose them any money. Get them to buy in and we are all going to be living it up off this sweet July 2017 STEEM prices and 2017 time-frame. India will be on its way to Steemit.com and they will come with BTC in hand. They will join the community and therefore we need a Windows Phone app and more apps to reduce data and STEEM WILL INCREASE EXPONENTIALLY! I truly believe this. I have seen an account that was a hobby, and still is for the most part, into something that has allowed people to be full-time STEEMIANS (all caps, all the time). Imagine what $10 a day could do for a person who may not make $2 a day in another country. Now picture those people using that STEEM to buy and sell things. That is what India could mean for us here at Steemit.com. Picture the government realizing they cannot regulate the people via fiat anymore, as printing it simply does not function for them, long-term (nor will it in the USA).

I think truly the opportunity for STEEM is www.steemit.com. The reason why, the reason for investing and putting your full-faith into THIS crypto is ultimately us, because we are the ones who can get the masses into crypto and, once they are here, they will have absolutely no reason to leave. Why buy Bitcoin when Steemit gave you come coinage for nothing, let you create content and money for your time and Steemit's PR, and now your can just trade STEEM instead of converting it to this and putting it on that exchange and using that app and then doing this and that. Screw all that. People around the world, speaking English, Spanish and Mandarin, etc., will say where do I start and this is where they start. Let us shows them the way as they upvote us into the early adopter beneficiaries we earned. That is why STEEM will be the most valuable crypto to own in 2017 and 2018 if not many years after.

RESTEEMING is the Kindest Thing You can do for A STEEMIAN. Earn Curation Awards too. STEEMIT IS WITHIN YOU!

Sort:  

The east is embracing the cryptos and the blockchain technology while the west is trying its best to make it illegal. The same is happening with precious metals, the east is buying at large quantities, while the west is selling at fast pace. The result in a few years will be a massive transfer of wealth. The US and Europe are doomed.

Very sad facts. Central Planning causes one major disaster after another, from serial wars to for-profit prison schemes, sick-care systems, to senseless consumption. However human activity is not random, it is purposeful. Left alone human beings will alway improve their circumstances and those of their neighbors. When free, they gravitate easily towards economic improvement, discovery, true education and wide understanding. Win-win relationships and win-win-win for those they trade and interact with and society as a whole.

But dominated and corralled, lied to and mistreated they can be trained to see all gain in political terms only, win-lose relations all around, takers and losers everywhere. Activity can then be channeled into gaining at another's expense. Everything is then done for political reasons. Destruction of wealth is good, economics is bad. How to change the course of this rudderless ship of fools?

Awesome article. Gives me reason to invest here.

I just opened my Genesis account and am newbie at cloudmining BTC.

Been on Steemit for a week. Really learning from all the crypto bloggers on here! Great resource. 8D

Very nicely written article. You are a Steem bull, huh? I am too! I hope you are right! Resteemed and upvoted!

thanks a lot. i think the more i think about the platform and the way the "average joe" is hearing the word/s crypto-currency the more they will edge towards googling it and if they are already on Facebook than they can perhaps get in. i think steemit is one of the places where once you are in it is hard to get out. especially when people leave nice comments about your post and Resteem you!!! Thanks a lot! (and sorry for screaming)

Agreed! I don't think I'll fully ever get out until it dies! Hope that never happens!

it definitely wont. there are too many people that are JOINING and hardly anyone quitting completely. there is too much money to be made and the platform is the perfect way for people to be able to mix crypto with other aspects of life like social media and news. why spend all that time trying to convert money into other money when you can just make STEEM right here and that will always attract a good number of people. look at YouTube. times change and even the money changed but they are still there posting content. the incentives outweigh the risks (of which there are little if any here). STEEMIT FOREVER!

BTW Followed you. You look like the kind of guy I can get along with and will enjoy reading

Thanks man, I followed you as well! Can't wait to see what you post in the future!

finally switched from posting and commenting from my iPhone SE to my 26" Samsung PC monitor so I can now type a lot quicker and access things a lot better through my secondary monitor. I forgot how much I loved my Corsair K70 RGB Rapidfire (Corsair endorse me please, Apple and Samsung too). Thanks and I will definitely be posting a lot more now that it doesn't take me three hours to write six paragraphs with three photos.

Lol sounds good!

Good post! This is just the beginning.
The crypto world is about to get even more crazier

absolutely. for those who are down about missing out on that Bitcoin money or even Ether fear not because we are right here where we need to be. there is room for all three and Steemit is unique in many ways. thanks for the comment.

great article!
that sounds like the right way to go. here they are talking about taxing miners... :-(

yeah that is what got me really upset was reading about the USA Bill that they are proposing but when you read it it kind of tells you they are a ways off to even understanding how to stop people from traveling with all the crypto they have. I mean, you can just log in to Steemit.com when you get where you are going, transfer it into BTC or local currency and boom, crisis averted. this is the golden age for "crypto-sippers" like us (just made that one up). but certainly exponential growth pattern ahead.

when @pedogate becomes public, "they can't do shit". They will all get burnt on the stake and crypto will be the safe haven

Well organized thoughts my friend! The situations you mentioned will likely have huge impacts. Interesting to learn about the two opposite positions being taken buy the East and West lol.

All the best ~

I'm curious to see how things unfold in India. The govt recently banned large denomination cash bills. Now they are legalizing crypto currency. I wonder if the powers at be are testing them for a "cashless" society...

Coin Marketplace

STEEM 0.26
TRX 0.11
JST 0.033
BTC 62796.11
ETH 3045.55
USDT 1.00
SBD 3.85