Steem and the Steemit ecosystem is a polarizing concept, no doubt. Many of us are excited by the prospect of what it could become. Others are cautious of the entire industry. But one thing is for sure. One of these opinions is going to be correct in a big way in 5-10 years time. The probability that those who are optimistic are indeed correct is unknown, but certainly quantifiable enough to be considered a very viable outcome. And in that case, crypto and Steem skyrockets.
So the question is are you prepared to risk 10% of your wealth for something that is considered by some to be as high as a 50% likelihood of going to the moon and making you a multi-millionaire?
It really depends on your risk tolerance. It also depends on your ability to regulate your emotions and self control, because you'll have to be prepared for both sudden, violent crashes as well as long bear markets where you're in the red for ages and it all seems a waste.
I don't suggest everyone invest in Steem, only those with money to lose, who can tolerate risk and tolerate losses, and the possibility of becoming obsessed with the Steem price (not healthy or fun).
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Put it all on black!
For most people, their net worth is in their house. But 10% of disposable income going into crypto makes a lot of sense.
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i agree steemit endless potential!
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