![steemmillionaires.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQma4pp57nggzQQy3zDMpPA7ciZRK5hSUN5FcbtpsKEwV92/steemmillionaires.png)
The Start Of Your First Million.
Most people I know in real life ignores cryptocurrencies and anything related with it. Sure, most of them think it's pretty cool that someone actually bought two large Papa John’s pizzas for 10,000 bitcoins, worth about $30 at the time. That was eight years ago, on May 22, 2010. Two pizzas for 10K BTC. 10K BTC today is worth about ~65 million dollars.
When people join Steemit, they look at the trending page. That's a fact. They've most likely been tricked into joining Steemit in the first place as well, due to inaccurate or false advertising. Anyhow, they look at the trending page, they see all these dollar-signs and they've heard, from someone online, that Steemit is awesome because you'll earn thousands of dollars. This newcomer writes an half-assed article, publish it and literally spends 40 minutes just refreshing the page, waiting for the rewards that are about to come his way.
This person has already imagined a new computer, a new phone, a new car or perhaps even the down payment for a house due to the bullshit people have feed him before he even knew that Steemit existed. Yup, I'm talking about certain "established" Steemians. I could easily mention at least two users who've always been sort of experts in that bullshit-feeding type of advertising whenever they've talked about Steemit and how to earn.
These guys brings people to Steemit, that's a fact. However, most of the new people leaves Steemit even before their first article have paid out, because they finally realize the bullshit.
This is obviously bad for the platform and for user retention in general, but slim to none things are being done to deal with this. We still have the trending page visible for each new user who visit Steemit and so on. This is not only misleading, it's also an act of stupidity. Especially when you're well-aware over the fact that the trending page is bogus. Trending = Promoted. That's how simple it is, and that's what each newcomer should be informed about too. From the start. We can never expect to flourish and reach the masses if we're not even capable of handling the basics.
That being said though, it's easy for people to feel discouraged when they see the steep decline in prices. Because truth to be told, I bet that most people on Steemit are measuring the success of Steemit and their own success in dollars. And that's not their fault, because everyone wants Steem to be worth thousands of dollars.
![token.png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmPJkoTkWVvbpszwd9KnJx3MeMEpr7tX7QCTy17XBQ2jAf/token.png)
If we think about 1 Steem as one Steem token, it would allow us to ignore the actual real-life value of our stakes and rewards. For anyone depending on their Steem-income to survive and pay bills though, it's obviously a different scenario, but, the only users who should ever do this, are the users who have the necessary support and can afford to do it.
However, if people would look at their wallets in token value instead of USD, they would quickly realize that even though the price fluctuates and are declining, everyone can still grow their accounts. You grow your account because you get more tokens. If you had 100 Steem at the price of $1, your account would've been worth $100. But, while the price decline, you grow your account and get a total of 200 Steem instead. So, let's say that the price have declined down to $0,50 and you've gathered a total of 200 Steem. Your account would still be worth the same as before, in dollar terms... But your account would be twice the size.
Each token you earn, will allow you to grow your account and give you more influence... Even if the price is low. How about that next spike we're longing for? Would you rather have 100 Steem or 200 Steem when the price of Steem is up to $4? What if we would see that crazy price of $14, like we could see in December 2017?
![](https://steemitimages.com/640x0/https://unitedwithisrael.org/wp-content/uploads/2014/11/happy.jpg)
I'm not saying that Steem will ever reach anything near the price of BTC, but, if you can grow your account at this price, I bet that you'll feel happy and successful for each cent the value increase.
Take a look at this:
Top Spots on Forbes’ 2018 Crypto Rich List:
- Chris Larsen Cofounder, Ripple $7.5 billion - $8.billion
- Joseph Lubin Cofounder, Ethereum and Founder, Consensys $1 billion - $5 billion
- Changpeng "CZ' Zhao CEO, Binance $1.1 billion - $2 billion
- Tyler and Cameron Winklevoss Cofounders, Winklevoss Capital $900 million - $1.1 billion each
- Matthew Mellon Individual investor $900 million - $1 billion
- Brian Armstrong CEO, Coinbase $900 million - $1 billion
- Matthew Roszak Cofounder, BloQ and Founder, Tally Capital $900 million - $1 billion
- Anthony Di Iorio Cofounder, Ethereum and Founder, Jaxx and Decentral $750 million - $1 billion
- Brock Pierce Chairman, Bitcoin Foundation and Advisor, Block.One $700 million - $1 billion
- Michael Novogratz CEO, Galaxy Digital $700 million - $1 billion
First-Ever Crypto Rich List. The 20 Wealthiest People In Crypto
You will most likely never be as successful as any of these guys, but, let's say that you're able to grow your account on Steemit and get 1000 Steem, or even 10,000 Steem.
If you were to cash out today, you'd get $730 or $7300 for it, and I don't know about you, but $730 would cover more than 50% of my living expenses, including rent and stuff for a month. $7300, would cover more than 50% of my living expenses for 10 months or, 100% of my living expenses for 5 months.
- That's pretty cool if you ask me.
The best part is, that this is based upon the price of $0,73.
How cool would it be to see Steem at $5 instead?
How about $6500, like the price of BTC right now?
Yeah, you're right...
1000 Steem would be worth $6,500,000.
Let me make that even easier to understand:
Six, million, five, hundred, thousand dollars.
How Many MILLIONAIRES Can Steem Produce?
Note:
I do not believe that we will ever see prices of more than $100. I believe it's doable, but I highly doubt it. Steem at $5 or $10 is definitely more likely, and that's something I look forward too.
Anyone joining Steem and expecting to earn high earnings immediately will be very disappointed. We are all here for the long term
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That is actually only half-true. All of the users on Steemit is not here for the long term. Many of their actions and decisions says otherwise. We wouldn't have this much greed and selfishness if everyone were here for the long term. But, people should be here for the long term, because this is a huge work-in-progress.
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Those who are here for the long term will reap huge benefits.
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Good point. Shifting the focus from $ to the amount of Steem totally changes the way you look at your wallet.
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Yeah, I really think it does. When Steem is stable at ~$4 or whatever, I might start to look at it from a more $-perspective, but I'll never leave the "1 steem is 1 steem" mindset.
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1 Steem is 1 Steem. Very wise words young Swed.
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Haha yeah, thanks for reminding me. :P
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It is the same with any token, I have watched many watch the rise and fall of BTC and not sell a single one. Others sold at current prices way before 20k hit and many held or bought at that point and then sold as it fell out of fear.
I have never seen cryptos as a quick get rich scheme as many try to sell them as. They are a change to the fundamental structure of money and business systems and until the right people get in the system who understand their true value we will just face a yo-yo of pricing.
I don't know anyone who rushes to the store weekly to spend their dolloar's when they lose value, I don't understand the big rush to sell crypto's as they go down.
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I for one hope you are very, very bad at predicting the future. 😁
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Yeah, I'd love Steem at $10,000 or whatever. The sky is the limit so to speak, but I doubt it. I hope, but doubt. :D
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i don't even think steem price will ever reach 20$ :P but i understand the logic behind your post and you are completely right. Also i believe steem had more impact in our lives that this. We meet new people, we learn new things, we introduced to the crypto world free of charge, we become more patient and consistent etc etc
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You never know... Steem might suddenly rise to well-above $50, but I highly doubt it. I actually think it would be easier for Steem to rise in value if SBD vanished entirely.
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or if the abusers vanish magically :P
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Coming into Steem on your own is never going to be easy when it comes to earning. Now if the person inviting you is already well established and willing to support you, then that would be a different ball game. So if you're going to advertise it as a good earner, then you'd better be ready to support whoever you invite, or they aren't going to trust you again.
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Very true. But we still have people like Jerry Banfield, who'd never support anyone without making profits for himself, and there are more, exactly like him.
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The sad thing is that supporting others is profitable, because of curation rewards. Obviously still not profitable enough for some.
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Hi @hitmeasap!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.381 which ranks you at #613 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 373 contributions, your post is ranked at #39.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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Why would it not be possible for STEEM to reach a marketcap with 5% of Facebook marketcap? this would mean with today circulating supply 82$ per STEEM.
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Hello @hitmeasap, thank you for sharing this creative work! We just stopped by to say that you've been upvoted by the @creativecrypto magazine. The Creative Crypto is all about art on the blockchain and learning from creatives like you. Looking forward to crossing paths again soon. Steem on!
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