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RE: Why Buy STEEM? And Why Buy STEEM!

in #steem6 years ago

Lack of money is the main factor for buying steem.

Last year, when steem was at around $6 — a shitcoin gave me nice profit of around $15k (I am still holding it and now it's worth couple hundred dollars).

I wish I could have converted that to some stable coin and today bought steem with it.

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Aww man. That sucks. But that’s crypto for you, right?

I hope the coin you hold gets a nice pump yet!

$15 000 USD profit? That's a lot of money! I don't even have the half of it.
If anything would have made me $15 000 USD profit, I would have immediately converted it to Bitcoin (BTC), then to fiat currencies. First to Euro, then to HUF (Hungarian Forint).

Since you didn't do that, I think that you are rich.

I live with multiple disabilities. I am receiving a small, pension-like monthly income.
My current monthly income in real life is approximately $242.39 USD (68 480 HUF), because $1 USD is currently (2018.10.24, 09:00 CEST) 282.52 HUF.

$15 000 USD is currently 4 237 800 HUF.
Yes! More than 4 million!

Just to make another comparison:
I could buy a HOUSE (!) with approximately $2500 USD in some parts of the countryside in this country.
With 4 million, you can buy a house in many parts of the country.
So, if you have $15 000 USD, then you are a rich (literally millionaire) person in this country.

If I would have $15 000 USD, or even just $2500 USD, I would buy a house.

Knowing this information, you probably regret even more that you didn't converted that "shitcoin" to some stable coin, or even to fiat currency.

Lol mate, I am not anywhere near rich. Just stupid mistake and now regretting it, gotta move on.

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Mate, I can feel your agony. I had all kinds of shit portfolio in QuarkCoin, WorldCoin, FeatherCoin, PrimeCoin, PeerCoin etc. I have made similar mistakes not onetime, but most of the time until last year, I moved all my leftover holding to Steem and bought more: https://yehey.org/steem/@riseofth/investing-lessons-being-for-five-years-in-cryptocurrency-market-market-is-cyclic-and-invest-in-project-with-strong-fundamentals