Bullish on STEEM!steemCreated with Sketch.

in steem •  6 years ago  (edited)

Even though I've been on this site for a year and a half, I never bought any STEEM - but that changed this week. Although I preferred to try to earn my way to STEEM success, I realized that with STEEM as cheap as 23 cents, it would be crazy not to buy up a lot right now.

It's not just because I have nostalgia for my early days on Steemit when STEEM was going for $7+. It's because I think we are honestly near the floor of what STEEM can possibly be worth. Since it is attached a pro-free speech website (that isn't named Gab or Minds...), there will always be a market of people who want to use the site. That's not to say there aren't major issues with Steemit, in fact I'll probably write my thoughts on that soon, but this site simply fills a niche and has a community that nobody else can match. Publish0x looks promising and I'm starting to cross-post, but it really just isn't there yet. They have basically a handful of decent crypto-focused articles each day and that's it.

Since there is a certain demand for Steemit and the ability to give decent upvotes, there is a baseline level of demand for STEEM. We have also seen that the ceiling for STEEM is at least $7.50. If the site can get itself together, it may go much higher than that. I really just can't see losing much by buying STEEM at this point, and I could see gaining $7+ per STEEM for those of us willing to hold on for a while. After buying 140+ STEEM , that type of increase will be a pretty nice reward some day, even if it takes a while.

Playing the crypto game, as far as I can tell, is just like any investment. Buy low, sell high. Well, it's low right now, and we know it can get a lot higher, so what are you waiting for?! On top of that, having larger upvotes is a nice bonus.

tl;dr We are near the floor for STEEM's value, and nowhere near the ceiling. Therefore, it is a very good, if not ideal, time to buy.

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