This is the conundrum with investing. I generally don't invest in things where the price has rapidly increased, but with STEEM it just might be the next huge thing where this sort of rise is not only warranted, but to be expected. If you invest, don't invest anything you cant afford to lose, as with any crypto venture, everything is likely prone to ups and downs.
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I'm not convinced it's the next big thing, but I still think it's worth investing in it now because a lot of people do.