can I get rich by just holding steem power for two years?

in investment •  8 years ago 

Can I look at steem Power as an investment?
Could it gain 10 times in value in 2 years?

investment
8 years ago by

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      ·  8 years ago 

    This is the million dollar question!

    The way I assess the situation for myself (and this is by no means investment advice) is to look at the current marketcap.

    At the moment STEEM's marketcap is around $20m. Could it be $200m in two years time? It's not inconceivable. A couple things I bear would bear in mind is:-

    1. if I was planning to 'cash out' in 2 years time or at a certain price, I'd need Steem to hold tgat good price for 2 further years to realise the full benefit.
    2. I can increase my return substantially by taking a few minutes a day to curate/ vote and/ or write some quality posts occasionally. I lose nothing, but a bit of time. I'm also keeping myself appraised of the success or otherwise of my investment.

    Just some thoughts...

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      ·  8 years ago 

    Maybe. There is no guarantee it will be worth anything in two years. Your basically rolling the dice and hoping for a good result.

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        ·  8 years ago 

      You have some options to contribute....

      1.Curate content (vote)
      2.Post content
      3.Produce blocks
      4.Give liquidity

      that way you didn't just roll the dice...
      you create your own luck!

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