7 Reasons Why New Crypto Investors Should Start With STEEM

in steem •  7 years ago  (edited)

Getting into the world of cryptocurrency can be a daunting ordeal for a mainstream audience. Apart from all these ridiculously long alphanumeric codes to get used to, the difficult task of guaging what has value and what doesn't can be just as challenging.

Here are seven reasons that STEEM and its hosted platform of Steemit is the ideal cryptocurrency/platform to start off with for a new investor.

1) Income. An ideal entry cryptocurrency will continue to earn for you. The income shed off of earnings from Steemit provide for an ideal method of buying other currencies without having to sell the STEEM you're already invested in.

2) Price Stability. The three-currency dynamic of Steemit provides an execellent method to retain value and provide a floor valuation for STEEM. Because of SBD's peg to the US Dollar, STEEM will rarely fall below $1 as it will be bought up by the use of SBD. Likewise, Steem Power provides a powerful tool to lock in fiat into the currency while providing interest (via the reward pool) to its holders. This fair balance incentivizes long term supporters of the platform.

3) Flexibility. As a blogger and commentator on other paid platforms, this underrated point is one that relishes the lack of overregulation by editors. The ability of the community to regulate itself along with the author's ability to write on whatever they want is a favorable attribute. Likewise the ability to earn income just from reading material and upvoting it is a unique and unrivaled feature to the value proposition of Steemit.

4) An Online Wallet. No complicated wallets that require synching and which could be lost with a single blown circuit from your hardware. Likewise, the fact that much of your value can be locked up in Steem Power makes it difficult for a hacker to easily steal all your assets in single instance.

5) A Welcoming Community. The Steemit community is both generous and welcoming. Many host methods of giving away free SBD and many others are willing to guide you when you got questions to answer. Above all, much of the talk on Steemit is on crypto, which makes it an ideal community to engage with in learning more about this ecosystem.

6) Low Barriers of Entry. The ability to get involved with crypto without even needing a gateway to introduce fiat can be accomplished via Steemit. Just sign up. While it may be a slow ramp before one earns enough to make it worth your while this way, that low barrier which allows anyone to get started is seen no where else in the crypto world. Write a few posts and earn crypto. Simple as that. THAT SAID, stop being cheap and buy some Steem Power. Everyone wins as more fiat gets locked in, and you'll be a lot happier when you can reward yourself and earn a stake in the reward pool.

7) You Control The Pace. How much you earn really comes down to you. How good are your posts and how much do you want to spend on the platform? Want more income? Write more. Want to not write anything? Upvote a few articles. Heck, want to not do anything? Allow your Steem Power to collect from the reward pool on its own.

But last of all, the best underlying reason that STEEM/Steemit is the ideal cryptocurrency/platform to start off on is because its fun and familiar. We all know how to post random junk on the internet, and we all know we like reading and liking that same junk posted by other people. Its the Internet at its finest when you get rewarded for doing it. :)


Who wants FREE STEEM from watching videos? For passive income, try out this free ad-watching crypto reward site found here.

Remember to only trade cryptocurrencies using a decentralized exchange! Don't let your assets be vulnerable. Consider signing up for OpenLedger, the premier trading platform and wallet safely located on the BitShares blockchain.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Steem Power is the future!

It's a realized future, thats for sure. Glad to see we're growing though based on website statistics.

I would agree most on social community and the leverage it has of the blockchain, as outlined in the whitepaper. The others not so much. I mean you can also have wallet with almost any crypto coin. You can also control the pace. But the community leverage using the blockchain technology is what makes steem so special.