I'm thinking about depositing a small amount of money weekly to buy STEEM. Discourage me!

in steemit •  9 years ago  (edited)

So, after thinking for couple of days I came up with this: I'll be depositing small amount of money every week to buy STEEM. The amount I can afford to lose, $50 - $100 a week.

Pros:

  1. it won't hurt to my budget
  2. I'll have time to understand if it's worth it
  3. if I loose - I won't loose much

Cons:

  1. ???
  2. ???
  3. ???
    ...
  4. ???

Discourage me!

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Story of "10,000 BTC for two Papa John’s pizzas" sill doesn't let me sleep well.

This is the best strategy, You get a better average buy price and provide a bigger impact on the market. Im doing the same buying about 0.btc worth every 2-3 days.

Only invest as much as you would be willing to loose

>Only invest as much as you would be willing to loose

Yup, I understand this.

leave it for later

I can't. Depositing as much as you can as fast as you can is good.

I do not think I would discourage you, its a great platform to help curate amazing content. I wish this would have come to fruition sooner.

watch my videos on trading steemit and other cryptos.. grow your account with me :)

You should do this only, if you consider the small amount as play money. Then it's fine. Steem is still a high risk investment. But if you can spare the money, then convert the Steem to SteemPower. Maybe this will be the best investment you ever did.

>if you consider the small amount as play money

Exactly. I think I could save some here and there, stop playing poker etc.

I like to write anyway. So I'm writing here for fun and invest all my SteemDollars in SteemPower. And because I'm spending so much time here, I don't need much money for other activities and can put the spared money in SteemPower as well. :-D

If you do, make sure you power up.

YOU WONT!