I put the word challenge in quotations in the title because this isn't much of a challenge at all... 😀
So last week I started the April HODL challenge by 'monitoring' the price of Steem over the next month. And what will do is track what the price throughout April and assume we've invested about $100 into buying Steem then.
The issue for me is that, I spend about $50-100 a week buying Steem, so we'll just play with those numbers as if we only bought $100 worth on April 1st.
It was listed at $1.86 last week and if we purchased $100 we would have had 54 Steem tokens.
Let's check the market at the time of this blog post...
(via CoinMarketCap.com)
Not bad right?
It went even a little higher this week but is having a nice slow and steady 'green day' on the markets today.
What could be the reasons?
Well, without shilling TOO MUCH....We all know Steem is awesome!!! Obviously. 🙌
But there are a few other reasons I think...
The blockchain is ALIVE with awesome developments and news. Here's just a few of the highlights over the past 7 days...
The popularity of apps like bSteem are increasing and something I plan on using much more going forward to test out. As some one who has had nothing but trouble trying to adopt and use eSteem, this looks like a solid mobile app to capture the power and potential of Steem.
Big changes and excitement on the @Dlive front as well with the brand new soft launch of their in house Stream Servers. It's been remarkable to watch and be a part of. Such good people involved with Dlive and it's thriving community.
Forbes magazine did an awesome piece about how social media is going to thrive on the block chain with Steem being the example!
Not to be outdone, Bloomberg followed that up with an article about how the masses are coming to decentralized social platforms rather than sites like Facebook and YouTube.
And this was just in the past 7 days...
Safe to say, this is a great place to be and invest in...Long term, short term, whatever term 😉
But enough of the Steem propaganda and how much I love this community and blockchain, let's get down to the nitty gritty.
Our $100.44 investment has now risen to $104.76 after the first week.
We're not in retirement or lambo mode yet, but this is a great start to April.
What will the next few weeks bring us...But more importantly, what will we add to Steem?
We're in the perfect position to add massive value and continue to see this platform and blockchain grow and grow.... 💪
With all the doom and gloom around, it's good to be positive about the opp presented by these relatively low prices right now. Steem looks like a good bet with plenty in the tank to come...
Appreciate the comments sir! You know what the hardest part in all this has been for me....Not to go over my budget and buy a bunch of it right now....LOL
honestly, I’m still strugling to understand this all :) I should be here more often
Walter, It is a lot to digest and I am still learning as well. You will get the hang of it all over time.
As general rule, post good content, interact with others and the rest will come.
Yeah man, following up what Joe said too...The more you poke around, the more you start to understand it all. Great guy to learn from and check out their previous posts to give you a good introduction to Steemit is most definitely @brandonfrye
The biggest thing is to poke around and ask questions....If you need anything at all, my username on Steem Chat is jongolson too and you know how to reach me off the blockchain too :)
Steem is going to be a regular purchase for me in the coming months. I believe in it and don't think anyone can go wrong with investing in it.
Oh I agree....Even if you only get a penny from a post, it's still more than you would elsewhere and it's a growing platform....Big future ahead!
I didn't know about bSteem. I will definitely give it a try too.
I wonder what's with the positive news from mainstream media... They were usually the downers. ;)
Nice to see you finally got a break from the losses in the monthly HODL challenge. You went for the "sure thing" this time though, lol!
Ha ha ha ha so true. Not much risk for me in this HODL challenge lol
Thanks for the input. Did you buy a huge amount now? STEEM went up to $2.67 in a short term of period today :-)
I will have an eye on this, that's for sure.
Nah I mean I usually spend about 50 bucks or so a week in dollar cost averaging my Steem purchases. No big purchases yet, a few hundred bucks here and there.
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