Steemit has been growing like a 7 months old twins in their mother stomach pushing hard to come out and start trading on cryptocurrencies (especially elyte.io , steem , eos and SBD) see weekly report by @penguinpablo–this is great news because of the innovative technologies , learning ability and earning potential in steemit platform. Moreover , even though steem ecosystem has and still remain undervalued ,it however , feels great to see increase in value. On the other hand, however, will it be all rosy for the ecosystem? Here are some few points:

Pic Source

More financial gains: I will remiss if I indicate that am not happy for the success of SBD and Steem price which led to more financial gains. In fact this is one of the reasons that led to many new accounts and fuders who came back due to FOMO (fear of missing out).

More Business Opportunities: From delegating steem power to bots to joining an innovative project, steemit is full of new opportunities and contacts which have resulted to successful new businesses due to the talents here and ability to raise money here via steemian upvotes ( crowdfunding) without request for financial rewards and or stakes in your business. Thus making this platform a great business hob.

Community initiative: From color challenge to environmental challenge, from minnow help to photography / artistic challenge , from raising money for people in need to supporting great humanitarian initiatives- steemit is full of different helpful initiatives that will make a bored soul busy on daily basis. This is amazing because you can actually build your contacts and thus make great friends doing so.

However wait a second!!! Is it all rosy here?

In fact, the success of steemit has made way to many scammers and spammers trying to scam innocent people of their hard earned money-see my older post here for example : through sending out phishing links, scam chats and spam comments like follow for follow, vote for vote and other weird spammy comments –in order to get some upvotes. Therefore as you are making your money here, building your contacts and learning new things/ meeting new people, you have to be vigilant and note that not all people here have good intentions.

Do you agree? Send in your comments and resteem for others to join the conversation, upvote to send in your support.

Click here and see my former post: Cryptocurrencies : Steem, Bitcoin, Ethereum et al will certainly end badly: Warren Buffet :

Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 3K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts? Make sure to check out their twitter page : https://twitter.com/EthereumLyte , website : https://www.elyte.biz/ and white paper or join their active telegram community https://t.co/kAhkvVTPBF where all your questions will be answered.
And get their tokens fo free via their current bounty, see link https://docs.google.com/forms/d/e/1FAIpQLScf9ORCo55gpLT9kIJA2kjR0ugWUeT5lDQg9GPgZ6RlW2Nc4A/viewform
Elyte website: https://www.elyte.biz/
Telegram : https://t.co/kAhkvVTPBF
Facebook: https://www.facebook.com/EthereumLyte
Twitter: https://twitter.com/EthereumLyte
Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
Join the Telegram group for now!