Ready?

Here are some reasons to earn, buy, hold STEEM.

• It is the fastest blockchain that has ever and will ever exist.
• It has a massive amount of endless capacity that goes on forever and ever.
• The investment can earn by doing literally nothing
• There are already working applications that rely on it no matter how crappy
• It is heaps better than Bitcoin. Heaps.
• It is likely heavily undervalued because people think it is free
• Oh, you can get it for free* with a little work (making it not really free)
• But, you can buy it for free using bidbots. Free!

 

Anyway, so there are some reasons to buy or hold Steem or whatever. However, there is really only one reason to buy and hold Steem.

Community

 
I know right? The guy that keeps fighting for a stronger community shills steem by saying the main reason to buy and hold is the Community. Surprise, surprise.

Do you know why people are still on Facebook? Considering all of the indiscretions and centralized dictatorship nonsense they have pulled over the years, the monitoring and endless damn places they keep sticking their pointless adverts, people still hold on. Why? Yeah, they have a bloody community that is filled with family, friends and exes to stalk. All of the moaning of Facebook users at every minor change and... still there posting pictures of their meals.

Imagine if they had money invested into it as well...

Markets are driven by sentiment but when that asset is seen as just that, an asset, there is no reason to hold it if prices crash, no reason to care if it plummets, as long as one escapes with some profits. No one even cares what happens to the coins and their teams that just disappear, sure, they are complaining and whining at their losses but, that is trading, that is investing.

STEEM is more than that. The Steem Market sentiment is not just the emotional state of the market, it is the sentimental value of the community and the blood, sweat and way too many tears it took to earn STEEM. It doesn't just disappear because there is a community to support it to stay.

Do you remember earning your first paycheck? Money took on a new meaning at that point didn't it? That shitty job with an even shittier hourly rate made you think long and hard about what would be good enough to wrestle that tiny amount from your hands. You had earned it, it took work, it was yours. That is Steem.

You don't hold Steem, you own Steem, it buys you a home and a community and if you handle that steem well, not only you, but a whole lot of people will continually be working to make sure that the community is solid.

This is the main reason I dislike the bidbots. They take away the feeling of owning what is received. They are investors looking for an ROI, not members looking to pull their weight. Some people seem to think that the two are the same as the Steem is the same. No, Sentiment drives markets and they don't give a fuck about Steem, as long as they can change it into fiat. People might not see the importance of this yet but, give it time and they will.

Steem will not always be the fastest blockchain so if that is the selling feature, it will collapse eventually. Three second and free transactions might not be so special when some other retardedly named coin like SuperFastnFreeCoin breaks onto the market. Steem might not scale quickly enough and it will run into all kinds of issues and competition on technology as time goes on.

Any other coin can be dumped, favour can be lost, people turn away but, one backed by a strong and invested community who poured their hearts into being a part of it, improving it, developing it, fighting for it. People who not only put in effort, they put their lives onto the blockchain, they aren't going to dump it.

They are going to work to change and build it, cooperate for survival. Tell, me where the hell will all of those bidbot users be when something actually needs to be done? They are goodtimers, not people that have your back in a fight.

Watch the people who get Steem easily and those who scrape for every dollar, watch how they treat it, watch how they treat the community. Those that really earn their STEEM have also earned their place in the community and the real earners hold onto Steem like a favourite pair of old jeans, no matter the holes. The real earners here, don't take it all for granted as a means to buy 'real' hold coins.

But, that is my view, a view that knows very little about trading and very little about the technology. But, it is a view based on observation.

In time, the investors will buy in and build apps and attach their products but, the community is not built from that, community is built from the people earning their place, struggling together. Give someone a house, help them feel at home, and they will fight tooth and nail to protect what now belongs to them. Who the hell do you want protecting your investment?

Taraz
[ a Steemit original ]

Oh, the 13 week power down is also a bit of a safety mechanism people should be thankful for as traders have weak hands, something of which a strong community has a healthy supply.

Edit: This is not investment advice unless what you label an investment is being a healthy member of the community.