Of course buying that much steem can look like a good investment for the big influencers but do you think that it's worth it for people who are just getting started with steemit?
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Of course buying that much steem can look like a good investment for the big influencers but do you think that it's worth it for people who are just getting started with steemit?
It depends how you're using Steemit and what you want out of it.
Mainly the reason to buy is...
I stayed at about 4/5/6,000 and at one point I had I think 8 or 9,0000 steem possibly more but I can't remember but at any rate at some point II withdrew down to the figure I now have. Im glad I said to myself I'm definitely leaving this much here. (Steem was a huge loss for most of the Summer after costly mistake of putting most of my capital into it in June/July)
Anyway the point is that I've experienced what it felt like with no voting power at all, and with at least double the voting strength I have now and I can definitely say it really does change things. I felt silly upvoting myself when I had no voting power and my vote was worth maybe 1 cent, and I really wished I could upvote people for more. I earned some coins here and there with curation rewards but it's far less fun even trying to get your upvote on something first at hat level. For me steemit at this time was a far more passive experience and less engaging.
When I deposited my first thousand something steem - WHOO!!!! this changed everything, my upvote started to feel substantial. It really did feel like it had some weight behind it. I could upvote I think about 10 cents or something (this was also when 10 cents was actually 10 cents) The more my vote became worth the more profitable the whole experienced felt, because I knew I could upvote myself, upvote other people, and have more of an influence on what people see. The fact that if I don't use my voting power I lose it means it incentivises me to keep using the site so I don't waste it. I do find it quite rewarding to be able to send someone money with my click and which doing so doesn't even cost me anything. It's quite a unique feeling and I can't think of anything similar.
If you're a content creator both reasons 1 and 2 apply to you as well but if you're serious about this stuff then it makes much more sense to invest in a next generation platform that's going to be such an important part of your life/career.
Steem also wouldn't be passive investment it's valuable far more to you by way of it having practical application where as someone who is a content creator can always utilise. So many coins have no utility and those holding them are doing so on pure hopes of what it could be in the future. Steemit is pretty much the only crypto that's actually being used every day for it's intended purpose and while it's always improving and has a long way to go it's already got a functioning platform that works and has been working for a long time. You know even though steem had severely lost value over the summer, unlike other coins the community was so positive largely because the coins didn't become useless and the fact that the actual platform still kept on going. The coin also felt far more valuble at this time even compared to other coins which were of the same price.
Anyway I wrote way more than I was meaning to...
Point is, there is a reason to get steem. If you're earning a lot through your posts being upvoted so much then this is almost less of a reason to care about i. But I would suggest to anyone which this applies his should be an indication maybe that you don't need to buy any Steem with your fiat savings, i do think content creators that get large payouts really should be accumulating steem. This isn't supposed to be any old investment for them it's what they're own life will be revolving around. Someone who is less of a creator and more of a consumer it's really more of an investment choice, harder to afford today because how much steem has gone up , but i will still say it does improve your experience of the platform.
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