So here I am on my third day on steemit,what a ride it has been in only three days.Ive been thinking about ethereum and all of its applications and how efficient it will be for developers and will be a great innovation for blockchain application in the wild.Steemit is another application of blockchain technology but in the realm of social media;ive also been thinking of this and the current social media ecosystem,steemit is a disruptive technology which will decentralize social media and drastically change the entire industry.
As someone who majored in finance in college who has graduated in the past few years I know about disruptive technologies and diversification so I do understand the the context of the situation and the magnitude of any large investment decisions.
So.....
With all of this said I am wondering if I should allocate approximately thirty thousand usd into steem and power up;I belive that a doubling in the value of steem at the very likely when compared to the likelihood of bitcoin doubling at the very least.I can see steem surpassing etherium which would be several hundred percent return from here at the very least.And to think that people will go to a web development application of the blockchain before a social media application of the blockchain.
So if litecoin was at one point trading at above $20 than I will think that steem will really be a game changing and could easily go another 1200 percent from here...there are my millions
No doubt my friend no doubt. Been following crypto since the begining. It a No brainer at this point. Thanks I'm moving all my eth to power up some more. You wouldn't believe the gains I have received in seven days.
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What do you think of waves? Is it worth an investment?
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I have not looked into it. Personally Im sticking to btc and steem. Btc is the king of money online. Steem will be the king of social media in a very short time.
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True but what do you think will happen to the price of steem ? considering the inflation rate and what not?
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Since Waves requires groups of people to use its blockchain, it might take some time for people to get used to custom tokens because there are already 2 competitors, Ethereum and Counter-Party.
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would work nicely in this thread. :p
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Love the picture from the Great Gatsby
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30k ! you lucky devil!, I am working with 1.5 coin capital now, day trading steem and also storing some away for that trip to the moon ;)
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If I had $30,000 laying around in a bank account it'd be all going on steem. Sadly, I don't have that kind of cash laying around :( But certainly - remember there's a risk and that you could lose everything (yet, somehow I feel it's not going to happen)
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I think the answer as to why you don't have $30,000 in a bank account lies in your answer.
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absolutely I would be weary of dropping that much cash into such a new venture.. Security is sketchy right now ... Very risky.....
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Going all-in is rarely ever smart. At least hedge it with gold or something.
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Remember that powering down takes 2 years with Steem -- that means your investment will be fairly illiquid for quite some time.
Steem seems poised to grow significantly -- which is a good start. But there are other factors that will ultimately determine price: what is the inflation rate? how many people are powering down? is Steem able to stay hack-free?
Diversification is good -- it's why I've invested in Bitcoin, Ethereum, and now Steem. All of these are speculative investments, but it seems unlikely that all three will fail.
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The very fact that you are publicly debating a substantial investment in a social media platform that you have used for 72 hours speaks volumes about how amazing this platform is. I wonder what will happen when some of the crypto whales discover this gem?
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I do have the same intention too. M new here, btw how do you guys make the purchase? Please advise. Thanks.
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I myself have been looking at STEEM to possibly move into and diversify a bit as well. I currently have about 90k worth of various other crypto's, but going to be cashing in some of my RSU's here in the next month or two for work and might be following your path @lostnuggett -- my only fear is that I did not follow my gut on this one and have now "missed the boat."
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It's a sound idea to buy more power with a huge amount like that. It will boost your earnings
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Let me put it this way: if I had your 30,000, I would have already powered up. Once I powered up, my worldview changed. If you don't power up now you're going to hang yourself for missing the biggest internet phenom of this decade.
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hello
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good time to invest on bitcoin-usd too
https://steemit.com/bitcoin/@cultura.bitcoin/new-factors-favoring-the-price-of-bitcoin
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Very interested read
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Great idea I just advise you to watch out. Don't invest more than you could afford to lose.
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What are you waiting for?;)
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Gotta give it a week before I start thinking about investing tens of thousands <3
I will keep everyone updated,its great to be a part of a great community so early
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Invest half.
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Go for it!
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