Hey everyone!
As you know I've been a member here since May 2016! I wanted to make this short post as part of motivation to newcomers and also part of showing how being consistent paid off at the end.
I've been here grinding for over a year now, started out with nothing but a lot of time on my hands. I was lucky to stumble on the site before the big pump of last year up to $4/Steem and stayed around during the whole decline in price. While many were leaving and giving up on the platform because of it, I myself knew that it was only a matter of time until the price would pick up again.
I had seen this happen before in so many other cryptocurrency communities.
The volatility and constant decline in price are a big factor for people losing interest, but its not the biggest one. As many of you nowadays are aware of fake-news and propaganda, this didn't exclude crypto communities, I'd say it was even worse here because of the anonymous nature of payments. I saw it happening with Ethereum, the worst was after and before the DAO where a surge of often newly created accounts, but not limited to them, were spreading FUD (fear uncertainty and doubts) all around the platforms. Even before the crowdsale I was getting spammed with PM's on Reddit not to invest any of my precious bitcoins on it. The price during the crowdsale was 2000 ETH per BTC if you got in as early as possible, at this time 1 BTC was worth around $600 which means that 1 ETH would've cost you $0.30.
[thumbnail from pixabay.com]
Yes, you read that right, 1 ETH that is currently valued at $330 only cost $0.30 back then. That's currently an increase of 1100x. The main reason people spread FUD is either because they are heavily invested in one currency and see others as huge competitors of their market cap and another could be that they wanted to hoard as many as possible of this new one themselves.
People are easily influenced, they listen to what the majority say on Media outlets. Either they don't have the time to re-search stuff on their own or its just not that important to them to care enough about it, I am sure that these fake-news spreads affected many readers who today are biting their hat that they didn't invest in ETH as early as they could have.
Combine these big impacts fake-news have with added censorship and at the end of the day even very experienced users in cryptocurrency won't know what to believe.
It was around this time when I noticed what was going on, combined with the creation of r/BTC just because of the censorship on r/bitcoin was when I started to distance myself from it and began diversifying into other currencies. Looking back at it now it was one of the best decisions of my life. Sure, bitcoin has seen huge growth since then but it is nothing compared to how other currencies have performed.
This is a chart that probably makes bitcoin-maximalists scream in agony.
It shows the marketcap of Bitcoin relative to the other big ones since 2014. I think this is only the beginning in this change we are seeing and that the current "big" alternative currencies won't be the only ones eating up on Bitcoins marketcap in the future.
Notice how Steem isn't even listed there yet?
It took Ethereum over 3 years to get where it is today and many argue its only around 5 times better than BTC. Mainly due to its programming languages but also the faster transaction speed. Bitcoin is known to be able to handle around 7 transactions per second compared to Ethereums ~25. If you would look at one of the previous big service providers VISA, they can handle around 2,000 transactions per second. Although its not fair to compare a centralized system vs. a decentralized blockchain since the technology is fairly new, but it gives you an overview on where it stands today.
I'd recommend reading "How agile is your Chain?" by the user @steempower where he compares all these blockchains and places Steem in a hypothetical transaction speed of 180,000 tx/s. Yes, you heard that right - Steem is able to handle more transactions than one of the biggest centralized systems Visa can. This is mainly due to how our blockchain is built and doesn't use a proof-of-work mining algorithm like Bitcoin and Ethereum do.
The mining part is also a big reason to Bitcoin and Ethereum having a difficult entry point for newcomers - they know they have to invest to be able to be a part of it. Either invest in mining equipment or just buy the currency and speculate on its price movement. This to me is one of the biggest advantages of the Steem blockchain. As you might have noticed here you can earn Steem by being an author, a commenter or an active voter. 90% of the newly printed Steem go to these users and 10% go to witnesses that keep the network safe through delegated proof-of-stake. This is also a huge factor why we will be seeing a big increase in users and how Steem is one of the best ones to introduce the newcomers to blockchain technology.
To summarize this post a bit. I usually get sidetracked really bad when I get into writing these.
I left the Bitcoin scene because of the huge manipulation of news and censorship, was a big believer that Ethereum would at one point pass it because of its technological advantage and have now found a new home on the Steem blockchain which in my opinion surpasses all of the previous ones. The best part is that here I can express my opinions freely without worrying that someone will delete or edit my posts.
It's censorship resistant, very advanced and makes it easy for everyone to be a part of.
I agree man, I'm ALL IN on steem. Maxsteemed and followed.
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It's to me that there are still tons of confusion regarding the value of Steem and everyone is posting and curating like crazy simply to maximize payout. If an upvote = to "money" then there will be a vote inflation.
Can somebody enlighten in this area? Is there something I'm not getting?
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The three STEEMIT assets are STEEM, SP, and SPD. Having individual coins/voting power/dollars creates a determined market value against the other. STEEM and SP back/fund the community by speculation in the crypto market. SPD is the debt derivative that grows out of STEEM and SP being a increasingly trusted value of storage/promising tech in that market. SPD is what's spent and cashed out before SP so the middle man of STEEM coin will always keep the other two from inflating or deflating too quickly. If all of the STEEM was sold through the floor, SP and SPD would go down with it, but there is a reason we're all here ;) @dali.soh @inventor16 @acidyo hope this is accurate enough and helps enlighten!
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<3
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True🤔😏. Let's just say that the value of any currency is derived from what you can get with it & how confident you & others are in the value of the thing/S you want to get. Since STEEMIT is an effective platform to get your thoughts out there, just do that, create good content & the value of you account will grow. STEEM Dollars will only cease to have value when people stop using the platform. I don't see that happening because it's the only SM Platform I'm willing to use regularly. I post & comment but actually spend more time reading articles...not to upvote o r comment on as much as to LEARN SOME SH*t I DID NOT KNOW! 🤡 STEEM ON BRETHREN & SISTEREN
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Couldn't decide which crypto to start (buying) with, so i bought none, except a small amount of btc to trade on poloniex.
regrets..
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hi i thought i would show these figures of how steemit is stealing traffic from reddit
https://steemit.com/steemit/@newmarket65/steemit-is-stealing-traffic-from-reddit
follow me and i will follow you
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I don't understand Steem. Is it not supposed to be pegged to USD at 1:1 ratio? Please someone explain to me how it could go up to the thousands? For now I'm buying Ethereum based on my technical analysis.
https://steemit.com/ethereum/@freedomvigilante/it-s-today-the-time-to-buy-ethereum-technical-analysis-25-june-2017
Follow me and I'll follow you also ;)
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@freedomvigilante Steem Dollars are pegged to the USD, regular Steem is not pegged to anything. When you convert Steem Dollars to Steem you will get the same amount in USD. Keep in mind it's a loose peg, I think it's averaged over a period of a few days.
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I new to Steem as well, and this is my understanding of the valuation of 1/1. With this knowledge I bought some at $2/1 just to tinker with the technology, and here I am exploring...
It seems to me if this platform is to keep homeostasis at 1:1, the one's profiting were mining last year (or prior >$1 valuation) or is a successful author... I am still feeling these rooms out...
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Dont forget, steem still has a 10% annual inflation, but the potential should be bigger, thats right.
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That's awesome. I have a decent amount of ETH, but now have almost twice as much in Steem (I hope the polo Steem wallet reenables soon so I can power up a little more). Steem has huge potential and really a 5 billion market cap within 6 months is quite reasonable to me. That'd put each steem around $20 I suppose. I've also been wanting to keep track of my Steem progress through a spreadsheet but it's sometimes hard to remember lol. I guess setting a daily alarm or making it a routine before bed would work. Great to see a little more about your journey and glad to see you're quite successful here!
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$20 each would be nice! :)
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Yep. I wanted to sell Steem dollars but temporarily disabled
I've also noticed it happens at crucial periods, when there's peak activity. Really considering moving out of poloniex tbh. But then selling SD on bittrex or blocktrades isn't as profitable....
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I hope steem goes to $20 a pop lol
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Haha yes, and thanks!
Check out blocktrades btw, you could withdraw your coins from polo as ETH/DASH/other and the service can convert it to Steem/SP instantly for you. Been using it lately since Polo has some currencies temporarily disabled.
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Great post mate!
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Is that better than just selling my steem there for btc or eth and transferring to bittrex to buy the steem? I've never tried blocktrades :o.
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Hmm, not 100% sure on the fees, doubt it would be much more expensive than going the bittrex route.
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I'll look into it thanks. A lot of times there are great arbitrage opportunies. A couple of weeks ago I sold a few thousand Storj on bittrex for 62k and rebought on polo for 49k at the same time just because the polo wallet was disabled (still is lol). Oh well, I'm sidetracked. Thanks again for more high quality posts!
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Haha, did the same with Sia some time ago.
Thanks Polo, I guess. :p
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Sia ! Me and my brother as well. Probably moved over 1 million sia coin to Bittrex to sell it lol.
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Has a lot of Steem on Polo as well. Not being able to move it over here. Annoying! Great post btw, I think we're at a very early stage yet!
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All players will probably feel that this is the truth and will invest in this project.
The real boom on this platform is yet to come.
That's why my friends, as someone said a little early ... all in :)
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Is that from War Dogs?
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I'm not sure but if anyone knows let tell us :)
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I think its from Get him to the Greek.
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But it's the same guy haha, I loved War Dogs. His manner of laughter...
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Wow, what miracles! A steem becomes very convenient currency, more convenient than an etherium?
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Time will tell. :p
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hey 20$ that is awesome but know simple trick of earing BITCOIN ?
CHECK THIS POST http://coinraja.com/7-ways-get-free-bitcoins/
FOLLOW ME FOR MORE UPDATES
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"The best part is that here I can express my opinions freely without worrying that someone will delete or edit my posts." - This is one reason why I like steemit. In platforms like youtube, facebook or twitter you can create content for years and there is always a risk, that your account can get a ban or get deleted.
On steemit you have a freedom of speech and the work you are doing here for years, cannot be deleted in a second, because of the blockchain technology.
So guys tell the platform to your friends as I do! Let steemit be #1 in the future
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@acidyo, great post! And good timing, given the huge influx of new members, these days.
I'm here for the long haul (5+ year time horizon)... I'm always a bit skeptical of ventures that claim to be "the future" but I actually see it here... and this is the first site in years that has not "overpromised but underdelivered."
I think we are just at the very front edge of Steemit becoming something really BIG as different apps and initiatives are made to expand the ecosystem. I hope part of the plan will also be to create more of a Steem-based peer-to-peer marketplace, giving a sturdier economic reason for the Steem token to exist... which will set us up far above most of the other alt coins. That's why I'm excited about steemgigs, steemshop and any plans to create a crowdfunding portal and charity/fundraising portal.
In an ideal world... we can move towards creating "the only web portal anyone would need" yet without the cumbersome politics and corruption typical of a centralized corporate structure.
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Keep up the hard work my friend!
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I think as well Steem is it and that Ethereum is just a lot of hot air... although today Steem took a beating... I guess it is because of the problems of some of thos exchanges... we'll see...
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terrific article @acidyo, and I wish I could add something more right now, but I pretty much agree with just about everything you wrote! :)
The more things change, the more they stay the same, cuz as Machiavelli said, the "passions of man" never change...
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Very interesting and informative read. I had a few Bitcoin that I sold a few years back, after which the price of Bitcoin hit the roof. I was disappointed that I sold too early.
Then I came to know about Ethereum in the initial stages when you could get 2000 or more ETH for 1 BTC. I missed that bus because I didn't pay attention. But I decided to get in at the $200 price range. I invested in it for the long-term. Currently, I also trade in it but with a very small amount.
Steem happened by chance, but I'm excited at the prospect of being able to EARN some steem without having to invest anything. This is an opportunity that I don't wish to let go. I also intend to invest a little in the future.
Posts such as these give us confidence in steem and the steem blockchain. Thank you!
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for a amount of 10,000 $ in 4 month can steem earm 30 thousand $ like bitconnect ? if its more then that ill invest 10 to 20 k on steem.
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Bitconnect is a Ponzi scheme, I'd suggest staying away from it - even if you're making money currently
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the blockchain technology is definitely here to stay. we just have to keep ourselves at it and be involved with the promising ones
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Acidyo - Wow - I had not realized that Steem has a potential transaction speed of 18000 tx/s. With the recent congestion of Bitcoin blockchain, transacations are really taking very long to execute and fees are increasing. That can not be good for any online business! Steem. transaction speed, coupled with the Steemit platform with it's innovative monetization of blogs concept is sure to be a big hit in future. Thanks for this informative article. Upvoted.
I would be honored if you check my latest blogs when you have time. Your comments will be very valuable to enrich my experience. Thanks.
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Hehe, you forgot one 0 in there! :)
I recommend watching steemd.com as a blockexplorer, great info in there and also current transaction speeds. Still so much room for growth and it can only get improved from here on out!
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Great. Will do. Thanks
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Awesome post. I've only been here 9 or 10 days and I'm already realizing the staggering potential that this platform has, not to mention the currency itself. I didn't know Steem could handle that many transactions at once. I may just cash my ETH out and load up Steem! It's crazy to think we are in at the beta stage before Steemit really opens up to the world. I honestly believe it has the potential to be a major player in social media if the developers play their cards right.
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Great to hear your story @acidyo, and to see that you've been rightfully rewarded for your hard efforts and support of Steemit since the early days. I too am an early adopter, but was forced away from Steemit, as well as pretty much everything else of meaning in my life, due to some seriously bad health issues, that started developing towards the end of last year, that also guttingly resulted in me missing Steemfest.
Since then, I've been watching from the sidelines, cheering Steemit's rise enthusiastically & continuing with the odd upvote and comment, at first, as and when I could, but since my health has been improving more-so, over the last few months, I've been able to interact via more extended comments. Rolling to the current day, and I'm nearly at a place where I can start contributing a little more than just comments again, and so am looking forward to writing a returning blog, soon. Not that I ever went anywhere, disbanded or lost belief. From the very first day I signed up, the future of this platform, to me, was never in any doubt. It's great to see it thriving like I knew it would continue to do.
I've really missed contributing in the way that I was able to before my illness set in, but now that i'm almost back to full strength again, I can't wait to get writing again.
Your journey here certainly serves as an inspiration to newcomers and OG's alike. Thanks for sharing :)
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That sucks! Glad you are feeling better! Will you be trying to attend SF2? :)
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I'm hoping that i'll be in good enough shape to attend SF2, as it would be great to finally meet the Steemit family. Will you be going?
Thanks for your well wishes. Much appreciated :)
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@acidyo, I read through your blog, found your transition interesting. I am yet to comprehend the blockchain technology and how all these stuffs work, but agree on your point that entry to bitcoin is now almost difficult. either you mine or buy BTC and wait for market to rise. and as you rightly said, steem is the only platform where you can earn without investing a single $, just by authoring contents. I came here with no investment, no blogging experience and my journey since the last one week is quite encouraging.
I am actually stoked by the helpful attitude of the heavy weights here who repeatedly post helpful post on writing etiquette, content creation, to do's and more.
I am going to keep digging more into this and keep learning and also give back to this community as much I can, in every way possible way that I could. Guess I am here for a long haul now. :)
I never had any BTC or ETH. Infact never heard of ETH till last month when I got introduced here.
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Another great post brother!
I remember u since the beginning, u joined right before me and we both grew on here together. U have not only been consistent but positive and dedicated to Steemit. Now look at you, you are a testament not only to steemit but to what someone can achieve with dedication to what you believe in.
Investing in crypto is so tempting because everyone wants to get in on it cheap and make the big money, but really cryptos are just like the new stock market. People buying and selling just to make a cent, manipulating and doing whatever they can just to make a few more cents and try and duplicate it thousands of times.
With steemit your investing not as much in the crypto but in the community and also your own creative works. I like that and that is the reason to invest in steemit to me.
Will keep following your great success. Wish you the best.
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I am new to Steem, but learning very quickly, and have to say it really is a genius idea. This most recent spike in the market cap of crypto currency's has really renewed my interest in the crypto space as a whole and have become a sponge soaking up every bit of knowledge that I can.
I am excited to say that this is my first post to Steemit, and I am ecstatic to have learned about and now become apart of this community....reddit never gave me this kind of excitement.
Thanks all for your contributions to the crypto space, I really look forward to soaking up as much knowledge and contributing what I can with my renewed faith in society.
-Cryptounicorn
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I've missed out on a lot of trains: BTC, ETH (yes, that one too!)... But knowing that I'm in on Steem is such solace. I'm busy sourcing funds to buy more Steem Power and mining Steem by being here on Steemit as much as I can.
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This comment has received a 1.23 % upvote from @booster thanks to: @imwatsi.
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This is good to know.
I'm not good with understanding the technical aspects of these things, so it helps to just hear you explain it to me lol
Resteeming this.
@shayne
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Just by concepts alone, steemit has an edge compared to other cryptos. Bitcoin itself hasn't been adopted to a level that you could use it in replacement of fiat currencies.
Steemit on the other hand has already built a platform on which everyday people can use the tech promised. Other cryptos are only selling concepts and vague promises that may or may actually happen.
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Well put!
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Another thing I really like about Steem, is the fact that you lock some steem power as savings. This gives the equilibrium needed for the system , meaning that your savings can go up if Steem goes up. For the believers is a win win. Supporting and profiting at the same time. It was so well thought, I can´t see it not going up in the long term (years)
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Thanks you for the post. I have had a similar journey myself except from Ethereum to Steem. I got into Ethereum around last fall 2016. It has been a f*** amazing ride. I love Ethereum and what they are doing, but about a month ago when I started using Steemit, I kept having the same feeling I had when I first discovered ETH. I was so, so lucky to have discovered Ethereum when I did and now I feel like I found something better. Thanks for the motivation! Steemit circle jerk all day👍
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Great read. I entered the blockchain technology through Ethereum a year ago. Bought and holded, still do. And now I would like to invest in other projects, I like Steem a lot, the idea blows my mind when I think about the work behind it.
Lets go Steem!
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Thanks for the motivation! I'm planning to grind here as well :)
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Sensitive post about the growth of cryptocurrencies! I got a charge of optimism and I'm glad to be part of the community Steemit!
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Wow, I'm halfway reading this and had to Upvote and comment my admiration for this post.
I agree completely with your sentiments. I'm just happy to find another golden post right after reading one before this. Man this is addicting! Anyway I'll comment again but for now please take my upvote and my follow.
Good Job :)
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Which one did you read before this?:)
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I was reading this one.
https://steemit.com/howto/@dawidrams/tutorial-how-to-prepare-for-the-ico-of-eos-tomorrow
It's about EOS and it's upcoming ICO. I've been reading up on this Cryptocurrency for a few days now. Somehow like Steem which was also created by Dan could be another investment I could look forward to. This post gave mo loads of additional info in making my decisions and participating.
I like how EOS aims to be a platform for the mainstream. Even it's ICO is designed for Minnows like me to have a place of an ICO I'd like to participate in unlike BAT where only a handful of wealthy individuals were able to participate in.
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Very well put! I think the same and am excited about EOS!
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Wow. I earned more on my previous post than the recent article I wrote for 7 hrs.
I mean it's not a bad thing. It's actually great, because I know now for sure lots of people here are passionate about Steem and EOS.
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I went from btc to steem, and completely skipped ethereum. Perhaps I should get some ether? But I think steem has more potential.
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Holding some might not hurt!
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I would strongly suggest so. Ethereum like Steem has a great community behind it as well. It never hurts to diversify. Personally I believe in Steem and Ethereum just as well. There should be enough space for a few cryptocurrencies when the total market cap could be in the Trillions someday. :)
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You're right. I might buy some ether.
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Thanks for the article and the reminder that the real grow is organical and patience and keep writing good content is what will take steem further. For me this is the only investment now as the only things I have to give right now is my time, my knowledge and my joy when sharing useful information. This is why I love this platform and I consider it sustainable. I knew there were many transactions done here but I am amazed there are so many, at least compared with the references. I hope this post will reach many and I will resteem it to make sure the new ones in my list take a glimpse from your wisdom.
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As a noob to the Crypto Currency World, I am slowly taking it all in. I had an opportunity to get in on BTC and ETH a while back, but I wasn't able to see the big picture. I WILL NOT MISS THE BOAT AGAIN. This platform has so much to offer, and I am her for the long haul. I like what you've done here and will begin implementing this to ensure my success on the platform. Thanks for sharing :)
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A year is a short time, but you could achieve such results, can only envy! White light envy!
I also remember the time when there was a decline in prices, at that time I just got registered on the site of Steemit! I stayed on the platform, and do not regret it! Thank you for staying at a time when there was a decline! You did not abandon us, and always supported! Steemit is growing thanks to such good curators as you!
Thanks for the support of a friend!
with love
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I only recently picked up mining any sort of currency and crypto in general. I started mining ETH since I have an AMD GPU, but I find that I am getting more from the generalized hash-selling of NiceHash. Paying me in BTC for now, but I can use that to buy my way into other coins. Now the trick is to figure out which currencies are going to grow and put some effort into those.
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Wow sir, you have done so good and that's y you are giving newcomers that chance. Thanks alot.. and what a great journey you have gone through. I want to do like you did. keep your good work going on. People always appreciate good work as you appreciate others.
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I also appreciate you all that you all are giving me this much opportunity by upvoting my status too. that you all @acidyo @pharesim @projectnewbie @lenatramper @samether @cryptochannel and whose name I'm not mentioning all thanks for support and you all are are doing great I saw some of your previous works its good and applaudable.
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I was holding ether since its launche but when my ether got converted into ETC , my faith was shaken a little bit in crptocurrencies due to its hacking and security. But now again my faith has restored after reading your post and wonderful journey here.
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Hmm, it didn't get converted to ETC. Every ETH holder received the same amount in ETC because of the DAO hardfork. :)
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Yes you are right. I meant the same.
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One more thing dear. As you are here for almost one year. You have a lot of experience and skills developed how to be successful here. As I am an artist, so I am trying my best here but my steem power is not allowing me. If you have some free time, visit to my blog and heck my posts and tell me how can I improve them and what is lacking in it.
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Wow, thanks for all the insight can't wait to see where this goes 🚀 🌙 ✨
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Thank you for the analysis, testimony and advice. I have spent this evening diversifying into coins other than BTC. I look forward to seeing how it goes for me.
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Nice to see someone so successful be so motivating towards newcomers like us! Definitely inspires us to bring out better content and staying active on this fairly new platform :) Hopefully this platform develops even more and becomes popular throughout the world!
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I wish I could have held my position in Steem. I was on Poloniex today and saw my history of all the Steem I sold and threw up a little in my mouth and then was forced to swallow it.
Congrats on hanging tight. I honestly feel that Steem makes more sense than Etherium in a lot of ways.
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Haha ouch, yeah I've had that feeling with many alcoins before. Had 10k Dash mined that I dumped for $1K. :D
Glad I decided to Hodl for once and Steem Power made it a lot easier thanks to the influence it have in return.
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I had a similar thing happen to me with Monero. I was mining hard back in 2014 and mined right under 1000 of them. I was forced to sell at $0.55 because of unforeseen circumstances. I was pretty much washed out of crypto and then when Steem surged last year I looked at it and saw I could earn blogging so I hit it pretty hard but I never got consistent payouts and I had spend so much time I needed the money. Unfortunately my expenses are really high over here but I almost have this property paid off but until it is paid off so much money goes towards it each month.
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Hey acidyo, good job on this article.
IMHO I think that we are currently on a lab stage where several coins and technologies will be spawn and each one of them is trying to find its place.
if you think bitcoin as a store of value you don't want it to be so easy to change, if you see ethereum as a smart contracts provider it will be more risky since every turing-complete is open to more issues and if you one thousands of users interacting in a platform you will probably want something like steem.
cryptos will probably be sharing the space, copying best features from each other and evolving but as we have different protocols in internet for different use cases we will probably maintain specialized coins.
just arrived to the steem community 1 week ago, but really see a true potential here.
thanks for sharing your thoughts!
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What an inspiring story bro !!! Hope one day to be as successful as you are :)
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Congrats @acidyo on your crypto investments. Definitely your story motivated me. And I'm looking forward that I will end up with great crypto investments in the future. Keep sharing good stuff!
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Great write up! From an investing point of view, are you still invested in other crypto currencies or is your main stake in steem? When I started out I spread the risk between bitcoin, ethereum, monero, lykke and steem. I wish I had realized the power of this community back in March when I invested in steem as it would have given me confidence to invest more.
Regarding the spreadsheet, do you get the data from steemdb or a different source?
SteemOn! Tack mannen!
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Most of my assets are in SP nowadays. I prefer investing early over trading. I also hold some Golos and invested in Yoyow which are very similar to Steem. Other than that its some bitshares and am looking to invest some Into EOS as well.
I just used steemd.com back then for the sheet. :)
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I have a lot to learn about crypto. Your post helps a whole lot. I have had just a good gut feeling about Steemit since I joined, without really understanding the technical aspects. Great post!
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Quite a motivational post.. thanks!!
You gave kick start to newcomers ...lol
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Planning to keep all my steem here! I believe it will grow huge in future!
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Steam will blow people's minds in the near future. It's the most adaptable blockchain platform for the average person to utilize so far, therefore, I believe it will become a dominant player among the existing cryptos today.
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✌ Steemit has been my initiation into the crypto-currency world, and I'm deeply grateful for that :3
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I’ve been waiting for a long article from you and I’ve got it after all :D! I also see a great potential in Steem, otherwise I would be here I guess. During 4 upcoming months I want to study blockchains, so I could at one day maybe see similar possibilities as you have seen with the etherum. It’s probably all about keeping your info up to date, because blockchains are being created and we should try to pick up the prospering ones!
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I love this platform and have invested in Steem on Bittrex. My aim is to buy more as and when I can.
I love writing and connecting with the community. I hope tonnes here for the foreseeable future.
Good work and keep it up. Thanks. 👍🏽
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Great post, starting to think to also go all in.. love the platform.. we have a working great app..
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Just started the whole crypto a month ago.. I heard about the MobileGo ico. so I finally make the step. little money with something I could miss. Most difficult was the convince the GF.. crypto is difficult to explain.. But I am happy I came to steemit 8 days ago. I was never here if I didn't make this first step. I already met some nice people and starting to do more and more on the platform.. I even made a free give away.. but nobody is interested..... maybe because I am new and there is not much attention to my post
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Thank you @acidyo for the important information! I appreciate your support! A little gift for you from Ukraine!
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I think your title says it best!
Yes Bitcoin has its place, but the limited number of transaction per second is nothing to scoff at. BTC has paved the way for every other currency.
Sometimes I think to myself how crazy it is that I can communicate with people who are like minded, but immensely more intelligent than myself and best of all get paid to do it.
Steemit is certainly glad you stuck around!
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In addition to all this Steem is the one currency that actually has a use case that is something that most people do daily.
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Nice post.
I am a long-time market operator. I had not yet met the Steem project. I must say I loved it. I spend all day here, much longer than I do in other social media. I can put my feed by subject. And here I find a lot of valuable information. For that reason I started to create a bag of steem, and it has gotten big :)
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I did exactly the same journey as you did. I hope this pays off and was the right decision. Fingers crossed for all the stemians out there ! :)
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Nice info for noobs like me. Simply written, easy to read, to the point. Followed and Upvoted! (though my votes don't count for much! :P )
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You make such a good case for it...and I tend to agree that the Steem blockchain has some unique selling points compared to the other two you mentioned. Even though I joined this platform just over a month ago, a few days I decided for the first time to trade in bitcoin to buy Steem and power it up. OK, was a small amount (20) but it is a start to which I want to add 1000s more as and when I can. I see the price is a bit down right now at around 74019 satoshi so I am keeping an eye out for a good time to buy more and invest into Steemit. It is really incredible what it can do for content creators, especially with regards to google rankings. I saw a fresh post by a new user on Steemit and it was on the first page of google when I would search 3 common words. That's a lot of attention from the God of internet curation.
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Thank you for sharing your personal story about your adventures on Steemit. Even though I have only been on Steemit for about a month, I agree that consistency is king. I've found many bloggers on this site that I love reading, and they post at least once a day. Amazing how your $4.00 posts last year grew to hundreds this year. I really enjoy hearing from people who stuck it out and believed in the platform when it was at a low! Keeps all the new kids motivated! I believe in the platform too and can't wait to see what the future holds for us.
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Excellent post, nice information. Im always interested in reading about opinions like this, i am new to crypto and have become a little obsessed. And yes, I'm kicking myself i didn't discover ethereum sooner
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Wow what an incredible journey. I really feel motivated. I will keep on posting and never power down. Steemon!
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Brand new to Cryptocurrency but it seems to me that trying to pick the Crypto-Amazon, Google or Apple to invest is going to be really difficult.
It would be great to dump everything into Steem or Ant and watch it go to $1,000/share. The higher probability strategy seems to allocate your money across the top 5-10 market cap on coinmarketcap.com and just rebalance as the industry grow.
You'll lose some money as coins drop out of the top 10 but you'll also have a higher probability of hitting the next bitcoin to $2,000.
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Yes... The steemit community is actually creating contents on a large scale.. Steemit revived blogging and bloggers 😎👍
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Before Steem I didn't know anything about crypto, now I'm trading and thinking about burstcoin and gridcoin mining :D
Though my run hasn't been as great as your, I'm happy with my 6800SP :P
I think steem will get the masses to crypto and with time overtake all other coins! (maybe)
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So much information and fundamentals on this post! Here's the best meme for you @acidyo.
from my memetrail :)
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:D
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A
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Thank you for consoling me, I purchased one Ethereum, more expensive than it is now. But I do not despair and I do not regret, I think that it is necessary to translate part of the crypto-currency into the Ethereum. We have such a saying @acidyo "never put eggs in one basket. It is better to lay down in a few", this is a good principle for crypto investments and investments. Thanks for the article, I make a repost.
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Gotta eat some shit before you go to the best meal. Cheers
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lol
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Pretty solid info for beginners .
I think that one of the best advice to give someone is to think for themselves and take credit . If they succeed it will be thanks to them if they fail it will be a leason and a step forward.
I don't think we can learn from others' mistakes, at least I can't
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Man, congratulations on the success you've had here! Stuff like this makes me hopeful that if I keep grinding for awhile I too might be able to have some success come my way. Keep up the great work, and thanks for sharing this article!
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Great stuff @acido! I am also convinced that steem has a bright future ahead! Thanks for sgaring and steem on! Greetings from Spain mate! :)
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Enjoyed reading your post :) the more I think about Steem, the more I realize how big its potential is. 180K transactions per second is insane!
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I already lost faith in Bitcoin, and I don't like Ethereum's monopolistic plans (they're trying to intrude in every aspect of the internet). Steem, Litecoin, Ripple and Doge have become my favourite altcoins.
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I'm planning to stick around a long time on this platform. I think I've been doing pretty well so far.
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Thanks for the journey information. You rode out the storm and you live to tell your tale, thanks.
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Oo that was a nice surprise, thanks for the vote. -invests into steem power- 😀
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Great article, thanks for sharing. I didn't realize Steem has a higher transaction speed than Visa, that's pretty remarkable! It seems like it's only a matter of time until Steemit really starts to take off and face mass adoption, likely to the incredible benefit of us early adopters.
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I started buying ETH recently, and I joined Steem just a week back and I am enjoying this.
Can you tell me how much did you actually earn in USD? I am new to Steem and still getting the hang of this currency.
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My Steem Power pretty much plus probably around 30% in SD that I have moved onto other currencies.
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Moving to other currencies is a good move. You never know which currency hits an all time high.
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wow to think you once buy eth for 30c and you started with nothing here -- this news really motivates me and i reckon i am still getting in early and build something great here too -- 100% backing steem with my time and effort
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Really interesting post. Can't believe that this is here and I have just begune to find out what this is about.
Great post btw :)
I followed and upvoted you @cryptomydollars
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Awesome post! Thank you for sharing this. I love steem! I'm a new user and i've been active on all social platforms, but this is nothing compared to all these others. I really hope they add some extra features, make it mobile and do more with it! Looking forward to follow the steem journey :)
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I guess this is the motivation I was looking for... Thank you for sharing your experience.... People like me will surely take a lot of learning from it... :)
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I don't have anything else to say. I am pretty much in line with you here. Been seeing your progress and tenacity o the platform. I also believe that Steem is the most undervalued coin out there. When it pumps it won't moon. It will pass right through it.
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Killer post. I had a similar BTC to ETH to STEEM journey. I signed up on here 4 weeks ago and been selling my ETH and some other crypto's to power up here.
Just yesterday I sold another 30 ETH.
On a side note thank you for the tip on "How agile is your Chain?" I been looking for something exactly like this for a pharma blockchain project I been working on.
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yeah. I totally agree with you.
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Negative, bitcoin prices are currently fluctuating but it's very steady. I still wish I would've invested back in 2012 when bitcoin currency could be purchased for $12 each. Now, you can sell one for $2.6k. Talk about return on investment😅
Mt. Gox wasn't prepared at all to handle a billion dollar asset, but I believe Bitfinex has the tools necessary and are steadily increasing their infrastructure.
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OMG i thought you can get from curation max 3-4$ but what you just showed me, literally blew my mind off 😱
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This post received a 1.0% upvote from @randowhale thanks to @acidyo! For more information, click here!
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Is it completely censorship proof? I've read about people getting down voted and their contents get blocked or made unseen. I don't if thats true or. Just asking?
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You can flag(downvote) content and it will become "unseen" but can still be viewed if you click through that. You can also mute users so you personally don't see their posts, but whatever is written always remains on the blockchain and it can't be blocked/censored from there.
You could for instance create another front-end(website) that works on the blockchain but doesn't have these blocking features that steemit.com has.
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Ok. Super. Thanks for letting me know and commenting.
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Oh wow! You started from 0? You didn't invest anything yourself?
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That is true. :)
I was able to purchase some small amounts when the price was really low recently, though.
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Oh my!! I wish I had joined sooner too :[
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Now is better than later! :)
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True!!! I just wish I had looked into cryptos sooner. The thing is I probably couldn't have. I went through a really bad injury in 2012 and it got worse so much so that I ended up quitting my job in 2014 and still haven't gone back to work. Couldn't even use the computer as much as I can now until a year ago! Thanks for the information and encouragements. I really appreciate it :]
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Nice Stats.. Awesome man.
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Hii @acidyo i saw you post and i enjoyed reading it, could you please have a look on my daily analysis for Bitcoin and give me your opinion. https://steemit.com/bitcoin/@ohamdache/mid-day-update-for-the-price-of-the-bitcoin-28-06-2017
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Good article i must say, your right in your view about steemit, it is a place where once you abide b y the rules, make good content, members will read , comment and upvot, you have put a lot of hard work here in stemeet. keep it up.
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the waggon has been joined
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Agree with the journey from BTC to ETH...but I am still a believer in ETH and ethereum based dapps (like steem) as the ecosystem is credible and long term - plus there is big support from many areas (like EEA which I am a member - https://steemit.com/ethereum/@antonywelfare/antony-welfare-joins-enterprise-ethereum-alliance-eea)
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Congratulations @acidyo!
Your post was mentioned in my hit parade in the following categories:
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Interesting post, thanks for sharing! Upvote and follow
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Thank you for this read. I'm just getting into STEEM IT AND Crypto currency. I'ts the way of the future and i'm excited!
STEEM ON @acidyo
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Hey @acidyo
** Apprecited Your Work **
I would like to request you please keep posting this type of valueable content for the community of steemit as this platform is growing up day by day .. I would request you that you must support new steemer like me and other .
I am in love with one of my post as a senior steemer I need your Honest feedback regadding that . If you get time from your busy life and write your comment upon it . It will be really apprecited ..*
If I missed I do Apoligize for that ...
♡♡♡Lots Of Love For Future Posts♡♡♡
Bitcoin Secrate
Regards
♤♤Sophia Olive♤♤
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I have found that it is easier to acquire steem than it is to get bitcoin or etherium. Thanks @acidyo.
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after reading this. I am now motivated.
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That's awesome. Request your support and upvote @smartcontracts
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meep
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I have noticed that the SOXX index, which is the NYSE Semiconductor Index, falls, so does the cyber currencies...otherwise Bitcoin is weak when the chip stock are weak....but also, I have been doing research and 700+?? digital currencies and other web sites such as Steemit appear to have formed one giant house of cards that has artificially inflated all currencies.....I would not be shocked to see a 50% to 80% crash coming soon across the board in cyber currencies.. AMD is the stock that supports the Chips for Bitcoin......also Pot Coin seems to be interesting....
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Is nobody afraid that when ether is the btc killer, there will be an eth killer too, f.E. EOS? After that there will be another next coin. Feels a bit like sharkinfestet water and the lucky guys who are longterm involved are step by step eaten up . Dont trade too much guys, especially not if you are not 100% sure what you are doing there. Its just not the time for speculation
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Great info - Steem always rises ;) Followed :)
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Wow, this article was great and motivated me to buy some more STEEM lol. You make such a good point about holding cryptocurrencies even when they're declining as long as you believe in them and do your research. Steemit is a great platform that can handle so many transactions, and when more people realize that, it will go even higher. We're at the forefront of a great technology and something I see being the main social media platform of the future :)
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Really motivate me
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