Why I have more Steem Power than Money in my Bank + 100 Followers Milestone Giveaway Soon💰🎁

in #money7 years ago (edited)

I currently have approximately 49.4 Steem power as of writing this post. This is equivalent to just over $52 at today’s current rate. This amount is more than I have available in any bank account or in cash. Why do I not just power down and withdraw some of my Steem Power? Because I believe that the price of Steem will increase significantly over the next 2 years or so and holding on to the Steem Power will allow me to make a far larger profit than $52. Even if the price of Steem does not increase I hope that my posts will be good enough to get recognised and generate me decent revenue.

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I have not invested any of my own funds into Steem due to an obvious lack of capital, however I do not believe the investment of money is essential for the growth of a Steem page. I think it just takes a large investment of time and effort in your posts. While my posts are not always on par with some of the Whales or Dolphins out there I believe that with a bit of hard work and dedication I can swim amongst them one day!

whales-and-dolphins.jpg

I want to hear your thoughts and feelings on the future of Steem. Do you think there will be a spike in the price of Steem within the next 2 years, If so what price will the currency be worth?

Also I have hit 91 followers and will be doing an SBD giveaway at 100 followers as a thank you to my supporters, so if you haven't already follow me and share this post to increase the reward for all future giveaways!

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It seems like you're all in steem.
Contrary to what most people say on steemit, I don't think that the price of steem will significantly rise because there are too many minnows/smaller accounts that are constantly cashing out buy selling their SBD or STEEM. I would love to be proven wrong in the future because I myself, have quite a bit of steem and steem power.

I hope it does increase, I think people will start seeing the value of Steem and the platform grows rapidly and increases the price of Steem.

I agree with you. I think our best hope is widespread western adoption. Right now steem gets constantly sold because:

  • Whales have too much, and may as well cash out for bitcoin
  • Steems popular in low income countries, where $1 is a lot of money.

I, like you keep more money in savings in Steem than in the bank... for the same reasons. Keep on Steemin' On my friend! :)

Nice post. I hope Steem increases over the next couple years too. Upvoted and following.

Thanks for the support will be trying to post as much interesting content as I can!

Keep steeming and you will do great

Thanks a million for the support!

happy to ride with you and now following- rock on

Cheers mate!!! = )

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