It's time to consider your STEEM as a longer term investment instead of something that you earn and spend today.
I'm on the blockchain for several reasons.
I'm an investor, a content creator and a witness.
I'm always busy in my head trying to figure out where the blockchain is going and planning for it.
I feel things are changing and I have a lot of fun trying to figure out why.
I've always shared my thoughts on here since I joined almost 2 years ago and I hope to continue to do so for a while.
It's time to consider your STEEM as a longer term investment instead of something that you earn today.
With more entrepreneurs coming to the blockchain with different and more efficient business models to earn STEEM I believe earning STEEM as an individual will get harder and harder.
I'm terrible at making graphics but I hope this explains it a little bit.
Having more entrepreneurs on the blockchain I consider fantastic.
It has given us new tools to create and promote content and has given birth to other projects I could not even have thought of like utopian.io and Steem Monsters.
But it comes at a price.
These projects also want to earn STEEM and these projects also attract new users to the blockchain that focus on these projects.
Considering the reward pool is fixed this simple means there is less STEEM to go around.
I guess you can say that the following is the current struggle on the blockchain:
A bigger stronger blockchain with a lot of dapps and users vs. more STEEM for content creators.
I guess it all depends on the reason why you are here which development you prefer.
Personally, I prefer a stronger blockchain.
When it comes to earning/mining STEEM I always make the comparison to Bitcoin.
It's no longer possible to earn Bitcoin (by yourself). You need a mining farm or join a mining pool.
Yet people buy Bitcoin as an investment every single day.
I think STEEM is a great investment and it's maturing rapidly.
Why?
The growth is there in the form of development and Dapps, there is scalability and there is a good roadmap for the future (SMT's, Communities, Easy signups).
(And yes, I know not all these things are here yet. But by know I have realised that this space (blockchain) moves a lot slower in development than people make you believe.)
I therefor think it would be wise to start looking at your earned STEEM as an investment instead of something that you spend today.
Because the chance of earning back the STEEM you earned so far when this place grows won't be as easily trough content creation in the future.
Of course you do need to believe this platform will grow and get bigger and better in the future.
I do.
I therefor stay invested.
I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.
We build Steemify a notification app for your Steemit account for iOS.
Get it Here:
I am happy ever since I bought my first Steem back in May last year up to this date I didnt cash out any of this. With all the entrepreneur are putting their money in the platform on top of Steem blockchain I can see this bright future. I cannot agree to you more. Thanks
Please help this Blue Baby Patient, Laine Kharece by upvoting the link below. This is not a scam, we just need your support as part of steemit community. Thank you very much for reading and extending a little help.
https://steemit.com/upfundme/@wews/steemit-help-a-blue-baby-patient
We are on the same page with this. I believe that STEEM, the token, is transforming. It is going to be the "fuel" for this blockchain. The days of STEEM being primarily a reward for content creators are coming to an end. In another 6 months to a year, it will all be about dead. SMTs are going to be the main reward mechanism....STEEM will be used to run the blockchain.
Entrepreneurs are going to step in like your graphic shows. They will take the SP first.
I have to have a multi-year plan for all this...So I can catch up with you whales, or at least attempt to lol ;)
But in all seriousness, it's so true. I consider every dollar I spend on STEEM and every one I earn as an investment. And not something I plan on pulling out from in the next month....It's multi-year for sure.
That being said, with all the exciting applications, I really wish people saw it as you do man....The best thing for this blockchain is more applications to attract the entrepreneurs. That is so important I think...
Because they will come and they will get creative with what they can do...Just look at Steem Monsters, Dlive, etc...That is the most exciting thing I see as an investor and creator here!
Hoping for more good news every day here on the blockchain :)
True powering up is the thing to do currently people with 5000+ steem power are envied but time is going to come even when someone who has 500+ is also envied because I believe the game has not yet started here and we just singing the anthem .Steem should be handled as a long term investment because the more steem power you hold the more influence you have on this platform but truly power down and see how your followers can fly like wind .
Please help this Blue Baby Patient, Laine Kharece by upvoting the link below. This is not a scam, we just need your support as part of steemit community. Thank you very much for reading and extending a little help.
https://steemit.com/upfundme/@wews/steemit-help-a-blue-baby-patient
STEEM Blockchain is wonderful as it pays curation rewards to content creators for holding Steem power, while holding Bitcoins does not pay any dividends for HODLer's. Indeed, Steem is the best longer term investment.
I think STEEM could change the world more than any other crypto! (Other than Bitcoin!..) Upvoted!
Mark @exyle The MOST Exciting part of STEEMIT is everything that we have not even seen yet that will make the STEEM we have so much more Valuable. With a little Patience I think #steemwillmakeyourich..........
Just Keep Creating Content and Making Relationships with others that have interests in common with yours. Just Giving a little Everyday will give you a lot back over time..........
This is absolutely the truth in disguise, steemit is a long term investment project, the money we invest and earn today will be our future tomorrow, so we don't need to keep withdrawing every damn amount we get today because tomorrow maybe to hard getting the steem to earn. The wise one will surely keep their steem intact and desire to have more will always be there watchword. We have to remember this, if steemit doesn't exist we will always have way of paying our bills so steem should not be taken as sources of daily living but future benefit. We are moving forward and steemit is growing.
I have always thought of the steem growing more than it is now. Some years back, with my local currency, Bitcoin was very much affordable to me. But then, i thought it was a waste of time buying Bitcoin. But now, Bitcoin has risen 50 times what I was supposed to buy it in five years back. Supposing I invested some money on Bitcoin then by now i would be having my capital multiplied by 50. That is a good investment if I should invest 100 thousand dollars today and get 50 million dollars in the next five years. Steem is actually a good start for me now as I can afford it. It is better late than never so i encourage everyone steemian to save because the next 5 years, steem will not be what you see today.
I stay invested and powered up. I don't even look at my steempower as money. I see it as the tool with which I make the money (sbd), which I spend or pour right back into my wallet as steem power. I stay invested.
I believe in steem growing bigger and better and i want to be in a place where I can help people, help myself and be relevant to the further growth of the platform