>CONTEST!!!: WHAT DOES IT MEAN TO INVEST INTO STEEMIT AND WHAT ARE THE WAYS WE CAN INVEST IN STEEMIT✓✓BY.@johnvin\\

What is STEEM?

STEEM is a fully decentralised, next-generation cryptocurrency based on the social media and content-focused Steem blockchain. It is used to power the Steemit social media platform by incentivising individuals to engage in content creation. The project’s co-founder, Daniel Larimer, stated that the platform operates in a completely decentralised manner, without censorship, data abuse, data vulnerability or downtime.

STEEM can be staked into Steem Dollar, a stablecoin that is meant to be worth $1, or Steem Power, a token that symbolises how much influence you have on the Steemit platform. Both can be traded against each other on an internal decentralised exchange.

Unlike most blockchains that are too expensive and slow to be used for apps, Steem is free, fast and scalable. Here are some of the main advantages that have helped the project to stay well ahead of its rivals in the industry.
The Steem blockchain has a large number of DApps running on it. Steemit, a popular decentralised blogging platform, was the first app to make use of the Steem protocol, offering people the chance to earn cryptocurrency rewards by creating and curating content. Since then, the number of DApps has grown significantly. In 2018, 44 per cent of all accounts on the Steem blockchain have been active DApp users.

HOW TO INVEST IN STEEM CFDS..

An individual has three options when acquiring the Steem cryptocurrency. Firstly, they can earn the coin by participating in the Steemit community, networking, creating content, sharing and commenting. The more valuable contributions a person makes, the more STEEM they earn.

Another way is to buy STEEM on an exchange like Bittrex, Binance or Poloniex. This is considered a long-term investment, as the individual is waiting for the price to rise significantly, so they can later sell their STEEM coins for a profit.

In both options, they own the Steem cryptocurrency themselves.

Alternatively, a person can trade a contract for difference (CFD) on a given cryptocurrency, and speculate on the price difference. A CFD is a type of contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.

Investing in STEEM CFDs gives you the opportunity to trade STEEM in both directions. Regardless of having a positive or negative view of the STEEM market forecasts and predictions, you can try to profit from both upward or downward future price movement.

You can either hold a long position, speculating that the STEEM price will rise, or a short position, speculating that the price will fall. This is considered a short-term investment as CFDs are used within shorter timeframes.

For instance, to trade STEEM CFDs, you can speculate on the STEEM/BTC pairing.

             MY REGARDS TO

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